Edition:
India

Capital & Counties Properties PLC (CAPCC.L)

CAPCC.L on London Stock Exchange

243.20GBp
16 Oct 2019
Change (% chg)

-3.90 (-1.58%)
Prev Close
247.10
Open
245.90
Day's High
246.60
Day's Low
236.80
Volume
3,541,687
Avg. Vol
2,962,733
52-wk High
280.60
52-wk Low
181.40

Latest Key Developments (Source: Significant Developments)

Capital & Counties proposes demerger, launch of Covent Garden REIT
Thursday, 25 Jul 2019 

July 25 (Reuters) - Capital & Counties Properties PLC ::INTENTION TO LAUNCH COVENT GARDEN AS A CENTRAL LONDON FOCUSED REIT THROUGH DEMERGER FROM CAPCO.INDICATIVE PRICING RECEIVED IS AT A RANGE OF DISCOUNTS TO BALANCE SHEET VALUE AND PROPOSALS ARE SUBJECT TO DIFFERING LEVELS OF FURTHER DUE DILIGENCE AND A NUMBER OF CONDITIONS, INCLUDING THIRD-PARTY RIGHTS. NO CERTAINTY THAT THIS WILL RESULT IN A SALE TRANSACTION.THROUGH SUCCESSFUL EXECUTION OF STRATEGY, CAPCO HAS CREATED TWO CENTRAL LONDON ESTATES THAT COULD NOW STAND ALONE AS INDEPENDENT BUSINESSES, COVENT GARDEN LONDON AND EC PROPERTIES.COVENT GARDEN IS NOW OF A SCALE AND INCOME PROFILE TO BE STRONGLY POSITIONED AS A CENTRAL LONDON FOCUSED REIT.BOARD BELIEVES THAT SEPARATION OF TWO BUSINESSES IS IN SHAREHOLDERS' INTERESTS AND THEREFORE INTENDS TO PROCEED WITH DEMERGER.THERE HAS BEEN A BROAD RANGE OF INTEREST IN EARLS COURT AND IN ASSESSING PROPOSALS FROM INTERESTED PARTIES, BOARD FOCUSES ON VALUE AND DELIVERABILITY.  Full Article

Capital & Counties HY EPRA NAV Down 3.3% To 315p Per Share
Thursday, 25 Jul 2019 

July 25 (Reuters) - Capital & Counties Properties PLC ::CAPITAL & COUNTIES PROPERTIES PLC SAYS HY EPRA NAV DECLINED BY 3.3 PER CENT TO 315 PENCE PER SHARE (DEC 2018: 326 PENCE PER SHARE).CAPITAL & COUNTIES PROPERTIES PLC SAYS HY TOTAL PROPERTY VALUE OF £3.2 BILLION, A DECREASE OF 2.0 PER CENT (LIKE-FOR-LIKE).CAPITAL & COUNTIES PROPERTIES PLC SAYS PROPOSED INTERIM DIVIDEND OF 0.5 PENCE PER SHARE.  Full Article

Capital & Counties Properties Says Gary Yardley To Step Down As Managing Director And Chief Investment Officer
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Capital & Counties Properties PLC ::GARY YARDLEY, MANAGING DIRECTOR & CHIEF INVESTMENT OFFICER, WILL STEP DOWN FROM BOARD AND LEAVE COMPANY ON 30 JUNE 2019.ROLES WILL NOT CURRENTLY BE DIRECTLY REPLACED ON BOARD.  Full Article

Madison International Realty Acquires 3% Of Capital & Counties
Friday, 31 May 2019 

May 31 (Reuters) - MADISON INTERNATIONAL REALTY::MADISON INTERNATIONAL REALTY ACQUIRES 3% OF CAPITAL & COUNTIES.  Full Article

Capital & Counties Says ‍Contracts Exchanged On 49 Units At Lillie Square​
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Capital & Counties Properties Plc ::‍CONTRACTS EXCHANGED ON 49 UNITS AT LILLIE SQUARE​.‍EXCHANGED CONTRACTS WITH INTERNATIONAL INVESTOR FOR SALE OF 49 APARTMENTS AND 31 PARKING SPACES AT '9 LILLIE SQUARE'​.‍TOTAL SALE CONSIDERATION IS APPROXIMATELY £66 MILLION​.  Full Article

Capital & Counties Posts ‍FY Underlying EPS 1.3 Pence Per Share​
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - Capital & Counties Properties Plc ::TOTAL DIVIDEND 1.5 PENCEPER SHARE.FINAL DIVIDEND 1 PENCEPER SHARE.‍FY EPRA NAV 334 PENCE PER SHARE, DECREASE OF 1.7 PER CENT​.‍FY TOTAL PROPERTY VALUE £3.5 BILLION, A DECREASE OF 0.9 PER CENT​.‍FY UNDERLYING EPS 1.3 PENCE PER SHARE​.‍PROPOSED FINAL 2017 DIVIDEND OF 1.0 PENCE PER SHARE RESULTING IN A FULL-YEAR DIVIDEND OF 1.5 PENCE PER SHARE​.‍COVENT GARDEN REMAINS WELL-PLACED FOR CONTINUED SUCCESS AND ERV PROGRESSION TOWARDS TARGET OF £125 MILLION BY DECEMBER 2020​.  Full Article

Capital & Counties Says Acquired Long Leasehold Interest In 15-17 Long Acre
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Capital & Counties Properties Plc ::HAS ACQUIRED LONG LEASEHOLD INTEREST IN 15-17 LONG ACRE & 27B FLORAL STREET FOR 79 MILLION STG BEFORE PURCHASER'S COSTS.  Full Article

Capital & Counties Properties says remains in discussions with London Borough Of Hammersmith & Fulham
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Capital & Counties Properties Plc :CONFIRMS IT REMAINS IN DISCUSSIONS WITH LONDON BOROUGH OF HAMMERSMITH & FULHAM FOR MASTERPLAN FOR EARLS COURT OPPORTUNITY AREA​.IN EVENT ENHANCED MASTERPLAN DOES NOT PROGRESS OR AGREEMENT IS NOT REACHED, CONDITIONAL LAND SALE AGREEMENT WILL REMAIN IN PLACE.  Full Article

Capital & Counties Properties says remains in discussions with London Borough of Hammersmith & Fulham​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Capital & Counties Properties Plc :‍CONFIRMS THAT IT REMAINS IN DISCUSSIONS WITH LONDON BOROUGH OF HAMMERSMITH & FULHAM​.  Full Article

Capital & Counties Properties announces ‍response to press speculation​
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - CAPITAL & COUNTIES PROPERTIES PLC ::‍RESPONSE TO PRESS SPECULATION​.CONFIRMS IT REMAINS IN DISCUSSIONS WITH LONDON BOROUGH OF HAMMERSMITH & FULHAM (LBHF) TO BRING FORWARD ENHANCED MASTERPLAN FOR EARLS COURT OPPORTUNITY AREA​.  Full Article

BUZZ-Capco: Hits near 7-year low on steep valuation drop of Earls Court

** Shares of Capital & Counties Properties Plc, the owner of London's Earls Court, was down about 2%