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CapCo buys London asset for £79M

Capital & Counties Properties Plc, or CapCo, paid £79 million, before purchaser's costs, for the long leasehold interest in 15-17 Long Acre and 27b Floral St. in Covent Garden, London.

The 42,600-square-foot property includes 18,500 square feet of retail space, with the remainder used as office space. It generates £3.4 million of annual rental income, according to a company release. Details of the seller were not disclosed.