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.

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