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{{short description|London-based quoted REIT}}
{{short description|London-based quoted REIT}}
{{Use dmy dates|date=July 2013}}
{{Use dmy dates|date=October 2023}}
{{Infobox company
{{Infobox company
| name = Capital & Counties Properties plc
| name = Shaftesbury Capital
⚫
| logo = Capital & Counties Properties.svg
⚫
| logo_size = 200px
| type = [[Public limited company]]
| type = [[Public limited company]]
⚫
| logo = Shaftesbury Capital logo.svg
| traded_as = {{ubl|{{LSE|CAPC}}|{{jse|CCO}}|[[FTSE 250 Index|FTSE 250]] component}}
| traded_as = {{ubl|{{LSE|SHC}}|[[FTSE 250 Index|FTSE 250]] component}}
| foundation = 2010
⚫
| foundation = 1933
| predecessor = [[Liberty International]]
| predecessor = [[Liberty International]]
| location = [[London]], United Kingdom
| location = [[London]], United Kingdom
| area_served = London
| area_served = London
| key_people = Ian Durant <small>([[Chair (official)|Chairman]])</small><br>Ian Hawksworth <small>([[chief executive officer|CEO]])</small>
| key_people = Jonathan Nicholls <small>([[Chair (official)|Chairman]])</small><br>Ian Hawksworth <small>([[chief executive officer|CEO]])</small>
| industry = [[Property]]
| industry = [[Property]]
| products = [[Commercial property]] [[Real estate investing|investment]] and [[Real estate development|development]]
| products = [[Commercial property]] [[Real estate investing|investment]] and [[Real estate development|development]]
| revenue = {{decrease}} [[Pound sterling|£]]68.0 million (2021)<ref name=results>{{cite web|url=https://www.capitalandcounties.com/sites/default/files/reports/pdf/press_release_december_2021_final.pdf|title= Annual Results 2021|publisher=Capital & Counties Properties|access-date=23 February 2022}}</ref>
| revenue = {{increase}} [[Pound sterling|£]]195.1 million (2023)<ref name=results>{{cite web|url=https://www.shaftesburycapital.com/content/dam/shaftesbury/corporate/new-build/doucments/investor/results---reports/2023/full-year-results-press-release.pdf.downloadasset.pdf|title= Annual Results 2023|publisher=Shaftesbury Capital|access-date=29 February 2024}}</ref>
| operating_income = {{increase}} [[Pound sterling|£]]66.8 million (2021)<ref name=results/>
| operating_income = {{increase}} [[Pound sterling|£]]35.3 million (2023)<ref name=results/>
| net_income = {{increase}} [[Pound sterling|£]]29.3 million (2021)<ref name=results/>
| net_income = {{increase}} [[Pound sterling|£]]750.4 million (2023)<ref name=results/>
| services =
| services =
| divisions =
| divisions =
| subsid =
| subsid =
| homepage = [http://www.capitalandcounties.com capitalandcounties.com]
| homepage = {{URL|https://www.shaftesburycapital.com/en/index.html}}
}}
}}


'''Capital & Counties Properties plc''' (Capco) is a United Kingdom-based [[Real estate investing|property investment]] and [[Real estate development|development]] company focused on sites in the [[West End of London|West End]] of [[London]]. It is listed on the [[London Stock Exchange|London]] and [[JSE Limited|Johannesburg]] stock exchanges and is a constituent of the [[FTSE 250 Index]].<ref>{{cite web|url=https://www.lse.co.uk/share-prices/indices/ftse-250/constituents.html|title=FTSE 250 Constituents|publisher=London Stock Exchange|access-date=1 March 2020}}</ref>
'''Shaftesbury Capital''', formerly '''Capital & Counties Properties plc,''' (Capco) is a United Kingdom-based [[Real estate investing|property investment]] and [[Real estate development|development]] company focused on sites in the [[West End of London|West End]] of [[London]], including [[Covent Garden]], Chinatown London and [[Carnaby Street]], [[Soho]].
It is listed on the [[London Stock Exchange|London]] and [[JSE Limited|Johannesburg]] stock exchanges and is a constituent of the [[FTSE 250 Index]].<ref>{{cite web|url=https://www.lse.co.uk/share-prices/indices/ftse-250/constituents.html|title=FTSE 250 Constituents|publisher=London Stock Exchange|access-date=1 March 2020}}</ref>


==History==
==History==
⚫
In May 2010, Capital & Counties Properties was [[demerger|demerged]] from Liberty International (now renamed [[Intu Properties]]).<ref>{{cite news|url=http://www.ft.com/cms/s/0/42393830-2bb5-11df-a5c7-00144feabdc0.html|title=Liberty demerger heralds new era|last=Thomas|first=Daniel|date=9 March 2010|work=[[Financial Times]]|access-date=9 May 2010}}</ref> The company once had an interest in Great Capital Partnership (a 50-50 [[joint venture]] with [[Great Portland Estates]] which invested in commercial property in the [[Regent Street]] and [[Piccadilly]] areas),<ref>{{cite web|url=http://www.investorschronicle.co.uk/Companies/ByEvent/Results/Analysis/article/20110302/d28d0d9e-44c3-11e0-ad58-00144f2af8e8/Capital-and-Counties-shows-growing-momentum.jsp |title=Capital and Counties shows growing momentum |publisher=Investors Chronicle|date=2 March 2011|access-date=23 April 2011}}</ref> but that entity sold its remaining asset in June 2013.<ref>{{cite web|url=http://europe-re.com/great-capital-partnership-sells-park-crescent-west-for-105-million-uk/41323|title=Great Capital Partnership sells Park Crescent West for £105 million|date=26 June 2013|publisher=Europe Real Estate|access-date=1 March 2020}}</ref> The company had a large interest in the [[Earl's Court]] area which then later sold its interest there (co-owned with [[Transport for London]]) to [[Delancey (property firm)|Delancey]] and a Dutch pension fund in November 2019.<ref>{{cite web|url=https://www.morningstar.co.uk/uk/news/AN_1573838584591023000/capital--counties-to-sell-earls-court-interests-for-gbp425-million.aspx|title=Capital & Counties To Sell Earls Court Interests For GBP425 Million|publisher=Morning Star|date=15 November 2019|access-date=1 March 2020}}</ref> It acquired REIT status in December 2019.<ref>{{cite web|url=https://www.sharesmagazine.co.uk/news/market/6704754/Capital-Counties-Properties-converts-to-REIT-status|title=Capital & Counties Properties converts to REIT status|publisher=Shares|date=9 December 2019|access-date=1 March 2020}}</ref>


Capital and Counties was incorporated in 1933<ref>{{cite web|url=https://find-and-update.company-information.service.gov.uk/company/00280739|title=Capital and Counties Limited|publisher=Companies House|access-date=15 April 2024}}</ref> and subsequently established a portfolio of property in London and the Home Counties. It was acquired by [[Intu|Transatlantic Holdings]] in 1992.<ref>{{cite web | url=https://www.intugroup.co.uk/en/about-us/history/ | title=Intu: History | work=Intu Properties|archive-url=https://web.archive.org/web/20170303050608/https://www.intugroup.co.uk/en/about-us/history/ |archive-date=3 March 2017 |url-status=dead}}</ref>
⚫
In June 2020, Capital & Counties Properties agreed to purchase property tycoon [[Samuel Tak Lee]]’s stake in its rival [[Shaftesbury plc|Shaftesbury]].<ref>{{Cite news|last=Bloomberg|first=Chris Hughes {{!}}|title=Analysis {{!}} Covent Garden's Owner Makes a Smart Move on Soho|url=https://www.washingtonpost.com/business/covent-gardens-owner-makes-a-smart-move-on-soho/2020/06/01/6d0b5296-a404-11ea-898e-b21b9a83f792_story.html|archive-url=https://web.archive.org/web/20200611203801/https://www.washingtonpost.com/business/covent-gardens-owner-makes-a-smart-move-on-soho/2020/06/01/6d0b5296-a404-11ea-898e-b21b9a83f792_story.html|url-status=dead|archive-date=2020-06-11|access-date=2020-06-18|newspaper=Washington Post|language=en}}</ref><ref>{{Cite web|date=2020-06-01|title=Capco invests £436 million to purchase Hong Kong tycoon's 20.9% stake in Shaftesbury|url=https://invezz.com/news/2020/06/01/capco-invests-436-million-to-purchase-hong-kong-tycoons-20-9-stake-in-shaftesbury/|access-date=2020-06-18|website=Invezz|language=en-GB}}</ref> The company will acquire a 26.3% stake of Shaftesbury for a reported £436 million.<ref>{{Cite web|date=2020-06-01|title=Capco agrees deal for significant stake in rival landlord Shaftesbury|url=https://www.standard.co.uk/business/capco-agrees-deal-for-significant-stake-in-rival-landlord-shaftesbury-a4455791.html|access-date=2020-06-18|website=Evening Standard|language=en}}</ref><ref>{{Cite web|date=2020-06-02|title=Property firm Capco buys HK tycoon's stake in London rival Shaftesbury|url=https://www.businesstimes.com.sg/real-estate/property-firm-capco-buys-hk-tycoons-stake-in-london-rival-shaftesbury|access-date=2020-06-18|website=The Business Times|language=en}}</ref>

⚫
In May 2010, Capital & Counties Properties (Capco) was [[demerger|demerged]] from Liberty International (formerly Transatlantic Holdings PLC).<ref>{{cite news|url=http://www.ft.com/cms/s/0/42393830-2bb5-11df-a5c7-00144feabdc0.html|title=Liberty demerger heralds new era|last=Thomas|first=Daniel|date=9 March 2010|work=[[Financial Times]]|location=London|access-date=9 May 2010}}</ref> The company had an interest in Great Capital Partnership (a 50-50 [[joint venture]] with [[Great Portland Estates]] which invested in commercial property in the [[Regent Street]] and [[Piccadilly]] areas),<ref>{{cite web|url=http://www.investorschronicle.co.uk/Companies/ByEvent/Results/Analysis/article/20110302/d28d0d9e-44c3-11e0-ad58-00144f2af8e8/Capital-and-Counties-shows-growing-momentum.jsp |title=Capital and Counties shows growing momentum |publisher=Investors Chronicle|date=2 March 2011|access-date=23 April 2011}}</ref> but that entity sold its remaining asset in June 2013.<ref>{{cite web|url=http://europe-re.com/great-capital-partnership-sells-park-crescent-west-for-105-million-uk/41323|title=Great Capital Partnership sells Park Crescent West for £105 million|date=26 June 2013|publisher=Europe Real Estate|access-date=1 March 2020}}</ref> The company also had a large interest in the [[Earl's Court]] area but sold its interest (co-owned with [[Transport for London]]) to [[Delancey (property firm)|Delancey]] and a Dutch pension fund in November 2019.<ref>{{cite web|url=https://www.morningstar.co.uk/uk/news/AN_1573838584591023000/capital--counties-to-sell-earls-court-interests-for-gbp425-million.aspx|title=Capital & Counties To Sell Earls Court Interests For GBP425 Million|work=Morning Star|date=15 November 2019|access-date=1 March 2020}}</ref> It acquired REIT status in December 2019.<ref>{{cite web|url=https://www.sharesmagazine.co.uk/news/market/6704754/Capital-Counties-Properties-converts-to-REIT-status|title=Capital & Counties Properties converts to REIT status|publisher=Shares|date=9 December 2019|access-date=1 March 2020}}</ref>

⚫
In June 2020, Capital & Counties Properties agreed to purchase property tycoon [[Samuel Tak Lee]]'s stake in its rival [[Shaftesbury plc|Shaftesbury]].<ref>{{Cite news|last=Bloomberg|first=Chris Hughes {{!}}|title=Analysis {{!}} Covent Garden's Owner Makes a Smart Move on Soho|url=https://www.washingtonpost.com/business/covent-gardens-owner-makes-a-smart-move-on-soho/2020/06/01/6d0b5296-a404-11ea-898e-b21b9a83f792_story.html|archive-url=https://web.archive.org/web/20200611203801/https://www.washingtonpost.com/business/covent-gardens-owner-makes-a-smart-move-on-soho/2020/06/01/6d0b5296-a404-11ea-898e-b21b9a83f792_story.html|url-status=dead|archive-date=2020-06-11|access-date=2020-06-18|newspaper=The Washington Post|language=en}}</ref> The company acquired a 26.3% stake of Shaftesbury for a reported £436 million.<ref>{{Cite web|date=2020-06-01|title=Capco agrees deal for significant stake in rival landlord Shaftesbury|url=https://www.standard.co.uk/business/capco-agrees-deal-for-significant-stake-in-rival-landlord-shaftesbury-a4455791.html|access-date=2020-06-18|website=Evening Standard|location=London|language=en}}</ref><ref>{{Cite web|date=2020-06-02|title=Property firm Capco buys HK tycoon's stake in London rival Shaftesbury|url=https://www.businesstimes.com.sg/real-estate/property-firm-capco-buys-hk-tycoons-stake-in-london-rival-shaftesbury|access-date=2020-06-18|website=The Business Times|language=en}}</ref>

On 2 March 2023, the company announced the implementation of a proposed merger with British real estate investment trust [[Shaftesbury plc|Shaftesbury PLC]].<ref>{{cite news|url=https://www.morningstar.co.uk/uk/news/AN_1677779837093334500/shaftesbury-and-capital--counties-merger-scheme-implemented.aspx| title=Shaftesbury and Capital & Counties merger scheme implemented|date=2 March 2023|newspaper=Morning Star|access-date=5 March 2023}}</ref> The merger proposals saw Capital & Counties Properties changing its name to Shaftesbury Capital.<ref>{{cite news|url=https://www.ajbell.co.uk/articles/latestnews/256992/brief-capco-rename-shaftesbury-capital-after-merger|title=Capco to rename to Shaftesbury Capital after merger|date=3 March 2023|newspaper=A. J. Bell| access-date=5 March 2023}}</ref>


==Operations==
==Operations==
The market value of the company's portfolio, which includes properties in [[Covent Garden]], [[Seven Dials, London|Seven Dials]], Chinatown, [[Carnaby Street]] and [[Soho]], was £4.7 billion as of 31 December 2023.<ref name=results/> The company also has joint ownership of a residential scheme, Lillie Square, along with certain members of the Kwok family, who are major shareholders of [[Sun Hung Kai Properties]].<ref>{{cite web|url=https://vlex.co.uk/vid/capco-shaftesbury-merger-inquiry-950563294|title=Merger between Capital & Counties Properties PLC and Shaftesbury PLC |publisher=Competition and Markets Authority |page=3|date=15 November 2022|access-date=15 April 2024}}</ref>
Capital & Counties Properties has a large portfolio focused on properties in [[Covent Garden]].<ref>{{cite web|url=https://www.sharecast.com/news/news-and-announcements/capital-counties-to-demerge-covent-garden-as-standalone-reit--6867104.html|title=Capital & Counties to demerge Covent Garden as standalone REIT|date=25 July 2019|publisher=Sharecast|access-date=1 March 2020}}</ref> The market value of the company's property portfolio as of 31 December 2021 was £1.7 billion.<ref name=results/>

== See also ==
⚫
{{Portal|Companies}}
*[[List of companies traded on the JSE]]
*[[List of companies of South Africa]]
*[[Economy of South Africa]]


==References==
==References==
{{reflist|30em}}
{{reflist}}


==External links==
==External links==
*{{official|http://www.capitalandcounties.com}}
*{{official website|https://www.shaftesburycapital.com/en/index.html}}


⚫
{{Portal|Companies}}
{{FTSE 250 Index constituents}}
{{FTSE 250 Index constituents}}

{{Authority control}}
{{Authority control}}


{{DEFAULTSORT:Capital and Counties Properties}}
{{DEFAULTSORT:Shaftesbury Capital}}
[[Category:Real estate companies established in 2010]]
[[Category:Real estate companies established in 2010]]
[[Category:Property companies based in London]]
[[Category:Property companies based in London]]
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[[Category:2010 establishments in England]]
[[Category:2010 establishments in England]]
[[Category:Companies listed on the London Stock Exchange]]
[[Category:Companies listed on the London Stock Exchange]]
[[Category:Companies in the FTSE 250 Index]]




Latest revision as of 11:06, 15 April 2024

Shaftesbury Capital
Company typePublic limited company
IndustryProperty
PredecessorLiberty International
Founded1933
HeadquartersLondon, United Kingdom
Area served
London
Key people
Jonathan Nicholls (Chairman)
Ian Hawksworth (CEO)
ProductsCommercial property investment and development
RevenueIncrease £195.1 million (2023)[1]
Increase £35.3 million (2023)[1]
Increase £750.4 million (2023)[1]
Websitewww.shaftesburycapital.com/en/index.html

Shaftesbury Capital, formerly Capital & Counties Properties plc, (Capco) is a United Kingdom-based property investment and development company focused on sites in the West End of London, including Covent Garden, Chinatown London and Carnaby Street, Soho.

It is listed on the London and Johannesburg stock exchanges and is a constituent of the FTSE 250 Index.[2]

History[edit]

Capital and Counties was incorporated in 1933[3] and subsequently established a portfolio of property in London and the Home Counties. It was acquired by Transatlantic Holdings in 1992.[4]

In May 2010, Capital & Counties Properties (Capco) was demerged from Liberty International (formerly Transatlantic Holdings PLC).[5] The company had an interest in Great Capital Partnership (a 50-50 joint venture with Great Portland Estates which invested in commercial property in the Regent Street and Piccadilly areas),[6] but that entity sold its remaining asset in June 2013.[7] The company also had a large interest in the Earl's Court area but sold its interest (co-owned with Transport for London) to Delancey and a Dutch pension fund in November 2019.[8] It acquired REIT status in December 2019.[9]

In June 2020, Capital & Counties Properties agreed to purchase property tycoon Samuel Tak Lee's stake in its rival Shaftesbury.[10] The company acquired a 26.3% stake of Shaftesbury for a reported £436 million.[11][12]

On 2 March 2023, the company announced the implementation of a proposed merger with British real estate investment trust Shaftesbury PLC.[13] The merger proposals saw Capital & Counties Properties changing its name to Shaftesbury Capital.[14]

Operations[edit]

The market value of the company's portfolio, which includes properties in Covent Garden, Seven Dials, Chinatown, Carnaby Street and Soho, was £4.7 billion as of 31 December 2023.[1] The company also has joint ownership of a residential scheme, Lillie Square, along with certain members of the Kwok family, who are major shareholders of Sun Hung Kai Properties.[15]

See also[edit]

References[edit]

  1. ^ a b c d "Annual Results 2023" (PDF). Shaftesbury Capital. Retrieved 29 February 2024.
  2. ^ "FTSE 250 Constituents". London Stock Exchange. Retrieved 1 March 2020.
  3. ^ "Capital and Counties Limited". Companies House. Retrieved 15 April 2024.
  4. ^ "Intu: History". Intu Properties. Archived from the original on 3 March 2017.
  5. ^ Thomas, Daniel (9 March 2010). "Liberty demerger heralds new era". Financial Times. London. Retrieved 9 May 2010.
  6. ^ "Capital and Counties shows growing momentum". Investors Chronicle. 2 March 2011. Retrieved 23 April 2011.
  7. ^ "Great Capital Partnership sells Park Crescent West for £105 million". Europe Real Estate. 26 June 2013. Retrieved 1 March 2020.
  8. ^ "Capital & Counties To Sell Earls Court Interests For GBP425 Million". Morning Star. 15 November 2019. Retrieved 1 March 2020.
  9. ^ "Capital & Counties Properties converts to REIT status". Shares. 9 December 2019. Retrieved 1 March 2020.
  10. ^ Bloomberg, Chris Hughes |. "Analysis | Covent Garden's Owner Makes a Smart Move on Soho". The Washington Post. Archived from the original on 11 June 2020. Retrieved 18 June 2020.
  11. ^ "Capco agrees deal for significant stake in rival landlord Shaftesbury". Evening Standard. London. 1 June 2020. Retrieved 18 June 2020.
  12. ^ "Property firm Capco buys HK tycoon's stake in London rival Shaftesbury". The Business Times. 2 June 2020. Retrieved 18 June 2020.
  13. ^ "Shaftesbury and Capital & Counties merger scheme implemented". Morning Star. 2 March 2023. Retrieved 5 March 2023.
  14. ^ "Capco to rename to Shaftesbury Capital after merger". A. J. Bell. 3 March 2023. Retrieved 5 March 2023.
  15. ^ "Merger between Capital & Counties Properties PLC and Shaftesbury PLC". Competition and Markets Authority. 15 November 2022. p. 3. Retrieved 15 April 2024.

External links[edit]


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