10th Nov 2015 09:04
LONDON (Alliance News) - Property developer Capital & Counties Properties PLC on Tuesday said it has had a good second half of the year so far and remains on track at its Covent Garden and Earl's Court projects.
The FTSE 250-listed company said it is on track to deliver an estimated rental value for its Covent Garden develoment of GBP100.0 million by 2017, which would represent underlying annual rental growth of 10% for the property.
In addition, Capital & Counties said the construction work at its Earl's Court regeneration project is on track. The company confirmed on Monday that is considering selling its Venues business including the Olympia London, following the refurbishment programme undertaken at the project.
Capital & Counties shares were down 0.3% to 415.60 pence on Tuesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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