SENS: Capital & Counties Properties: Interim Results for the six months ended 30/06/2016

Ian Hawksworth, Chief Executive of Capco, commented:

“We have two of London’s very best estates at Covent Garden and Earls Court. Covent Garden is established as a world class retail location, attracting high retailer and consumer demand and continues to deliver immediate value creation. We are delighted to have signed brands such as Mulberry and Petersham Nurseries over the period. At Earls Court, we continue to make positive progress on site. Whilst the last quarter has been characterized by uncertainty in the London market as a whole, the value of this estate will increasingly be realized in the years ahead. The business is in a strong financial position with a low LTV and high liquidity. Capco’s strategy remains unchanged as we aim to deliver value creation for shareholders over time from two exceptional real estate investments in the world’s greatest city.”

Read more here: CAPCO Interim Results for the Six Months Ended 30th June 2016