Capco news and archive

UK landlords Shaftesbury and Capco complete merger

West End London landlords Shaftesbury and Capital & Counties, known as Capco, have completed an all-share merger to form a new combined property group called Shaftesbury Capital. The new group has a portfolio valued at 4.9 billion pounds, with 2.9 million square feet of lettable space located in some of the most iconic parts of London’s West...

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UK landlords Shaftesbury and Capco agree to merge

West End landlords Shaftesbury and Capital & Counties Properties have agreed to merge. The two property giants announced Thursday they had reached an agreement on the terms of a recommended all-share merger. Under the terms of the merger, Shaftesbury shareholders will own 53 percent of the combined group, while Capco shareholders will own 47...

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Shaftesbury and Capco confirm “advanced discussions” for potential 3.5 billion pound merger

London real estate giants Shaftesbury and Capco have confirmed they are currently in “advanced discussions” for a potential all-share merger that would see the duo bring together an expansive combined retail portfolio. In a press release from Shaftesbury, the firm stated that the merger would result in a Real Estate Investment Trust focused on...

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Reformation to open flagship store in Covent Garden

Sustainable fashion brand Reformation is opening a new London flagship store in Covent Garden after signing a deal with Capital and Counties Properties PLC (Capco). The move will mark the brand’s second London store, with 27 King Street in Covent Garden joining its Notting Hill store that opened in August 2019. William Oliver, head of retail and...

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Convent Garden reports rise in net rental income

During the six months ended June 30, 2017, Capco said that the company further strengthened its financial position reducing loan to value to 18 percent and increasing available liquidity to 577 million pounds (749 million dollars). The total property value of the group increased 0.2 percent like-for-like to 3.5 billion pounds (4.5 billion...

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Capco reports FY16 pre-tax loss of 240.3 mn pounds

In its preliminary results announcement, Capital & Counties Properties, known as Capco said that its fiscal 2016 loss before tax was 240.3 million pounds (300 million dollars) against last year's profit of 459.9 million pounds (574 million dollars). The company said, loss per share stood at 14 pence, compared to profit of 50.9 pence last year....