Capital & Counties Properties


Capital & Counties Properties plc 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.

History

In May 2010, Capital & Counties Properties was demerged from Liberty International. The company once had an interest in Great Capital Partnership, 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 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’s stake in its rival Shaftesbury. The company will acquire a 26.3% stake of Shaftesbury for a reported £436 million.

Operations

Capital & Counties Propertie has a large portfolio focused on properties in Covent Garden. The market value of the company's property portfolio as of 31 December 2019 was £2.5 billion.