Development of Floral Court completed in July, reports CAPCO.
Floral Court, which is Capco’s largest development to date at Covent Garden, provides over 85,000 square feet (NIA) of space with eight retail and two restaurant units as well as 45 apartments. The new connecting courtyard between Floral Street and King Street is now open, improving the pedestrian flow on the northern side of the estate. Over 75 per cent of the lettable space has now been contracted securing £3.8 million of ERV.
The residential component of Floral Court comprises 16 heritage apartments on King Street and Rose Street and 29 new apartments on Floral Street. The entire heritage component has been leased and the new build residential units are being prepared for sale.
Source: CAPCO Interim Results for the six months ended 30 June 2018 capitalandcounties.com