Capco confirms discussions on sale of its £700m Earl’s Court development

In a brief statement Capital & Counties Properties PLC referred to recent press speculation on the matter and confirmed that it continues to advance preparations for a possible demerger.

The announcement goes on the state that the “Company received a number of proposals in relation to Capco’s interests in Earls Court which it is considering. This includes discussions with CK Asset Holdings Limited regarding a conditional proposal for the sale of substantially all of Capco’s interests in Earls Court Properties (excluding the Lillie Square joint venture)”.

The Board will evaluate the terms of any proposal against the merits of a demerger and other options.

Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index.