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Capco looks to recovery as property value falls

The FTSE 250 West End landlord has reintroduced its dividend pay out
Capco looks to recovery as property value falls

 

  • Enquiries have picked up, as has transactional activity
  • Difficult to gauge how far the easing of restrictions will translate into a sustained improvement in footfall
IC TIP: Sell

“The worst of the pandemic may be behind us” according to management at Capital & Counties (CAPC) as the West End landlord pointed to a greater number of enquiries and stronger deal-making activity. Twenty-nine new leases and renewals were agreed during the six months ending 30 June, equivalent to £6m of contracted income, with another £3.1m under offer.

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