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West-End deals for CapCo

The central London developer has 'recycled' cash from its partnership with Great Portland into Covent Garden shops and its residential scheme at Earls Court
May 16, 2012

Capital & Counties has sold £102m of West End properties from its partnership with Great Portland Estates, at an 8.5 per cent premium to year-end valuations.

IC TIP: Buy at 193p

The company has meanwhile bought three new properties in Covent Garden for £10.1m, where lettings remain strong. Central London retail is the one property sector in which average valuations have surpassed their previous peak.