7 Apr 2017 07:00
07 April 2017
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CAPITAL & COUNTIES PROPERTIES PLC ("Capco")
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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
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