Candy eyes bid for Capco

Earls Court Seagrave Block

Residential property tycoon Nick Candy has confirmed he has joined forces with Saudi Aradia’s Public Investment Fund to launch a bid for Earls Court and Covent Garden owner Capital & Counties (Capco).

In a statement this morning Candy Ventures, the tycoon’s investment vehicle, told investors that “it is in the early stages of considering a possible cash offer” for the FTSE 250 property business, run by Ian Hawksworth. 

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