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
The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...
.
History
In May 2010, Capital & Counties Properties was
demerged
A demerger is a form of corporate restructuring in which the entity's business operations are segregated into one or more components. It is the converse of a merger or acquisition.
A demerger can take place through a spin-off by distributed or ...
from Liberty International (now renamed
Intu Properties). 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
Regent Street is a major shopping street in the West End of London. It is named after George, the Prince Regent (later George IV) and was laid out under the direction of the architect John Nash and James Burton. It runs from Waterloo Place ...
and
Piccadilly
Piccadilly () is a road in the City of Westminster, London, to the south of Mayfair, between Hyde Park Corner in the west and Piccadilly Circus in the east. It is part of the A4 road that connects central London to Hammersmith, Earl's Court, ...
areas), but that entity sold its remaining asset in June 2013. 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. It acquired REIT status in December 2019.
In June 2020, Capital & Counties Properties agreed to purchase property tycoon
Samuel Tak Lee
Samuel Tak Lee or Lee Tak-Yee (; born April 1939) is a Hong Kong property billionaire.
Early life
Lee was born in April 1939. He was educated at Diocesan Boys' School in Mong Kok, before earning bachelor's and master's degrees in civil and e ...
’s stake in its rival
Shaftesbury. The company will acquire a 26.3% stake of Shaftesbury for a reported £436 million.
Operations
Capital & Counties Properties has a large portfolio focused on properties in
Covent Garden
Covent Garden is a district in London, on the eastern fringes of the West End, between St Martin's Lane and Drury Lane. It is associated with the former fruit-and-vegetable market in the central square, now a popular shopping and tourist si ...
.
The market value of the company's property portfolio as of 31 December 2021 was £1.7 billion.
[
]
See also
*List of companies traded on the JSE
This is a list of companies traded on the JSE. The original compilation of the list was done in February 2006.
__NOTOC__
''Note: For companies without a listed external link there is at various financial information sites; please see artic ...
*List of companies of South Africa
South Africa is the southernmost country in Africa. It is the 25th-largest country in the world by land area, and with close to 60 million people, is the world's 24th-most populous nation.
The World Bank classifies South Africa as an upper-m ...
*Economy of South Africa
The Economy of South Africa is the third largest in Africa and the most industrialized, technologically advanced, and diversified economy in Africa overall. South Africa is an upper-middle-income economy, one of only eight such countries in Africa ...
References
External links
*
Real estate companies established in 2010
Property companies based in London
2010 in London
2010 establishments in England
Companies listed on the London Stock Exchange
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