Capco breathes a sigh of relief after Earls Court sale

Covent Garden

Capital and Counties has posted a 10% fall in net asset value (NAV) reflecting the impact of the Earls Court sale and a 1.7% fall in the value of its London portfolio of property.

NAV stood at 293p per share at the end of 2019, down from 326p in 2018, but the group gave its most upbeat forecast in years following the sale of the troubled Easls Court project for £425m last year.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Due to the unprecedented challenge facing our industry at this time propertyweek.com will be entirely free to view to all users until 19 April. Register now to benefit from the following:

  • UNLIMITED access until 19 April
  • From 20 April, can still access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue