8 Nov 2017 07:00
08 November 2017
CAPITAL & COUNTIES PROPERTIES PLC ("Capco")
Response to press speculation
Capco notes the recent press speculation and confirms that it remains in discussions with the London Borough of Hammersmith & Fulham ("LBHF") to bring forward an enhanced masterplan for the Earls Court Opportunity Area.
An enhanced masterplan would seek to deliver an increased number of homes across all tenures throughout the wider Earls Court Opportunity Area, and could involve LBHF taking the lead on future plans for the West Kensington and Gibbs Green Estates (the "Estates").
In the event that an enhanced masterplan does not progress or agreement is not reached, the Conditional Land Sale Agreement (the "CLSA", a binding agreement in relation to the Estates) will remain in place.
Further announcements will be made in due course 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 | Head of Investor Relations | +44 (0)20 3214 9165 |
Media enquiries:
Sarah Hagan | Group 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 at Covent Garden and Earls Court were valued at £3.5 billion as at 30 June 2017 (Group share). The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.
www.capitalandcounties.com