7 Apr 2017 07:00
07 April 2017
CAPITAL & COUNTIES PROPERTIES PLC ("Capco")
Possible Sale of Venues
Capco confirms that it is in advanced discussions concerning the sale of Venues, its exhibition business, comprising Olympia London together with certain related property assets for a price in line with the 31 December 2016 valuation. There is no certainty that the sale will proceed and further announcements will be made as appropriate.
-ENDS-
Enquiries
Capital & Counties Properties PLC:
Ian Hawksworth | Chief Executive | +44 (0)20 3214 9188 |
Situl Jobanputra | Chief Financial Officer | +44 (0)20 3214 9183 |
Sarah Corbett | Investor Relations Manager | +44 (0)20 3214 9165 |
Media enquiries:
Sarah Hagan | Director of Communications & Marketing | +44 (0)20 3214 9185 |
UK: Tulchan | Susanna Voyle | +44 (0)20 7353 4200 |
SA: Instinctif | Frederic Cornet | +27 (0)11 447 3030 |
Notes to Editors
About Capital & Counties Properties PLC (Capco):
Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco's landmark London estates are valued at £3.7 billion1 (as at 31 December 2016): Covent Garden, which has assets valued at £2.3 billion including the historic Market Building; and Earls Court Properties including the Empress State Building together with the Venues business with aggregate property assets of £1.4 billion. The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.
1. Group share
www.capitalandcounties.com