Shaftesbury Capital
 | |
| Company type | Public limited company |
|---|---|
| Industry | Property |
| Predecessor | Liberty International |
| Founded | 2010 |
| Headquarters | London, United Kingdom |
Area served | London |
Key people | Ian Durant (Chairman) Ian Hawksworth (CEO) |
| Products | Commercial property investment and development |
| Revenue |  £74.1 million (2022)[1] |
 £(218.0) million (2022)[1] | |
| £(211.8) million (2022)[1] | |
| Website | www |
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. 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] The company acquired a 26.3% stake of Shaftesbury for a reported £436 million.[9][10]
On 2 March 2023, the company announced the implementation of a proposed merger with Shaftesbury plc.[11] The merger proposals saw Capital & Counties Properties changing its name to Shaftesbury Capital.[12]
Operations
The company has a large portfolio focused on properties in Covent Garden.[13] The market value of the company's property portfolio as of 31 December 2022 was £1.7 billion.[1]
See also
References
- ^ a b c d "Annual Results 2022" (PDF). Capital & Counties Properties. Retrieved 1 March 2023.
- ^ "FTSE 250 Constituents". London Stock Exchange. Retrieved 1 March 2020.
- ^ Thomas, Daniel (9 March 2010). "Liberty demerger heralds new era". Financial Times. London. Retrieved 9 May 2010.
- ^ "Capital and Counties shows growing momentum". Investors Chronicle. 2 March 2011. Retrieved 23 April 2011.
- ^ "Great Capital Partnership sells Park Crescent West for £105 million". Europe Real Estate. 26 June 2013. Retrieved 1 March 2020.
- ^ "Capital & Counties To Sell Earls Court Interests For GBP425 Million". Morning Star. 15 November 2019. Retrieved 1 March 2020.
- ^ "Capital & Counties Properties converts to REIT status". Shares. 9 December 2019. Retrieved 1 March 2020.
- ^ 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.
- ^ "Capco agrees deal for significant stake in rival landlord Shaftesbury". Evening Standard. London. 1 June 2020. Retrieved 18 June 2020.
- ^ "Property firm Capco buys HK tycoon's stake in London rival Shaftesbury". The Business Times. 2 June 2020. Retrieved 18 June 2020.
- ^ "Shaftesbury and Capital & Counties merger scheme implemented". Morning Star. 2 March 2023. Retrieved 5 March 2023.
- ^ "Capco to rename to Shaftesbury Capital after merger". A. J. Bell. 3 March 2023. Retrieved 5 March 2023.
- ^ "Capital & Counties to demerge Covent Garden as standalone REIT". Sharecast. 25 July 2019. Retrieved 1 March 2020.
External links
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