Capco posts third successive annual writedown of Earls Court

Future visions: how the Earls Court redevelopment is expected to look

Capital & Counties (Capco) has posted a 15.6% writedown in the value of its Earls Court assets, the third annual loss in value at the scheme in succession.

Across the group, which is currently considering a demerger or sale of the Earls Court assets, shareholders suffered a negative total return of -2%, while net asset value fell from £2.84bn to £2.77bn. Earnings per share fell from 1.3p to 0.9p.

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