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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]]|accessdate=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|accessdate=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|accessdate=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|accessdate=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|accessdate=1 March 2020}}</ref>
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]]|accessdate=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|accessdate=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|accessdate=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|accessdate=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|accessdate=1 March 2020}}</ref>


In June 2020, Capital & Counties Properties agreed to purchase property tycoon [[Samuel Tak Lee]]’s stake in its rival Shaftesbury.<ref>{{Cite web|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|access-date=2020-06-18|website=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 June 2020, Capital & Counties Properties agreed to purchase property tycoon [[Samuel Tak Lee]]’s stake in its rival [[Shaftesbury plc|Shaftesbury]].<ref>{{Cite web|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|access-date=2020-06-18|website=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>


==Operations==
==Operations==

Revision as of 14:04, 23 June 2020

Capital & Counties Properties plc
Company typePublic limited company (LSE: CAPC, JSE: CCO)
IndustryProperty
PredecessorLiberty International
Founded2010
HeadquartersLondon, United Kingdom
Area served
London
Key people
Ian Durant (Chairman)
Ian Hawksworth (CEO)
ProductsCommercial property investment and development
Revenue£79.4 million (2019)[1]
£(44.8) million (2019)[1]
£(62.3) million (2019)[1]
Websitecapitalandcounties.com

Capital & Counties Properties plc (Capco) is a United Kingdom-based property investment and development company focused on sites in the West End of London. It is listed on the London and Johannesburg stock exchanges and is a constituent of the FTSE 250 Index.[2]

History

In May 2010, Capital & Counties Properties was demerged from Liberty International (now renamed Intu Properties).[3] 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)[4], but that entity sold its remaining asset in June 2013.[5] 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 and a Dutch pension fund in November 2019.[6] It acquired REIT status in December 2019.[7]

In June 2020, Capital & Counties Properties agreed to purchase property tycoon Samuel Tak Lee’s stake in its rival Shaftesbury.[8][9] The company will acquire a 26.3% stake of Shaftesbury for a reported £436 million.[10][11]

Operations

Capital & Counties Propertie has a large portfolio focused on properties in Covent Garden.[12] The market value of the company's property portfolio as of 31 December 2019 was £2.5 billion.[1]

References

  1. ^ a b c d "Annual Results 2019" (PDF). Capital & Counties Properties. Retrieved 1 March 2020.
  2. ^ "FTSE 250 Constituents". London Stock Exchange. Retrieved 1 March 2020.
  3. ^ Thomas, Daniel (9 March 2010). "Liberty demerger heralds new era". Financial Times. Retrieved 9 May 2010.
  4. ^ "Capital and Counties shows growing momentum". Investors Chronicle. 2 March 2011. Retrieved 23 April 2011.
  5. ^ "Great Capital Partnership sells Park Crescent West for £105 million". Europe Real Estate. 26 June 2013. Retrieved 1 March 2020.
  6. ^ "Capital & Counties To Sell Earls Court Interests For GBP425 Million". Morning Star. 15 November 2019. Retrieved 1 March 2020.
  7. ^ "Capital & Counties Properties converts to REIT status". Shares. 9 December 2019. Retrieved 1 March 2020.
  8. ^ Bloomberg, Chris Hughes |. "Analysis | Covent Garden's Owner Makes a Smart Move on Soho". Washington Post. Retrieved 18 June 2020.
  9. ^ "Capco invests £436 million to purchase Hong Kong tycoon's 20.9% stake in Shaftesbury". Invezz. 1 June 2020. Retrieved 18 June 2020.
  10. ^ "Capco agrees deal for significant stake in rival landlord Shaftesbury". Evening Standard. 1 June 2020. Retrieved 18 June 2020.
  11. ^ "Property firm Capco buys HK tycoon's stake in London rival Shaftesbury". The Business Times. 2 June 2020. Retrieved 18 June 2020.
  12. ^ "Capital & Counties to demerge Covent Garden as standalone REIT". Sharecast. 25 July 2019. Retrieved 1 March 2020.

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