By Frances Ivens2018-05-25T06:30:00
CapCo rose 2.16% on the FTSE 250 on Thursday to 302.10p, after the company announced plans for a potential demerger that would split its two core holdings at Covent Garden and Earls Court into two separately listed businesses.
In a move which CapCo said could be formalised by the end of the year, it proposed to launch Covent Garden as a prime central London retail-focused REIT, led by current chief executive Ian Hawksworth, and form a London development company, led by managing director Gary Yardley, centred on Earls Court.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.