Capital & Counties Properties releases a solid set of interim results after a successful expansion into the residential market.
Capco reports a 'strong valuation performance' for its year ended December with a 22% rise in its adjusted diluted net asset value to 249p per share.
Capital and Counties Properties and Transport for London are set to agree terms for a joint venture to bring forward the first phases of the Earls Court Masterplan, following approval to proceed by the TfL board on Wednesday
JSE-listed Capital & Counties Properties says it has made progress regarding the development of its Earls Court Masterplan.
Capital & Counties Properties PLC (“Capco”) and Transport for London (TfL) have agreed to pursue proposals to settle heads of terms for a joint venture to enable the development of Earls Court 1 & 2 in line with the Earls Court Masterplan.
Capco acquires the Empress State Building having exchanged contracts with Land Securities Group for the 50% not already owned for GBP117m.
UK property company Capital & Counties Properties has had an active start to the year reflecting the positive conditions in the central London retail and residential property markets and the quality of its portfolio.
UK-focused property group Capital & Counties Properties attributes strong performance for the year ended December to increased valuations of assets as the company continued to "unlock value" from its properties.

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