1st May 2015 06:42
LONDON (Alliance News) - Capital & Counties Properties PLC on Friday said it is continuing to make progress on its Covent Garden and Earl's Court projects in London and said it is on track to meet its targets in the former.
The FTSE 250-listed property company, which owns assets in London's Covent Garden and Earl's Court areas, said it is on track to meet its estimated rental value target of GBP100 million for its Covent Garden properties by 2017, with good leasing momentum in the business and investment plans for the King's Court and Carriage Hall sites on track.
The group added it has seen strong demand for apartments in The Beecham and The Southampton properties in the area.
In its Earl's Court business, the demolition work on the site is progressing well, with construction on the first phase of the Lillie Square site on track to complete in 2016.
By Sam Unsted; [email protected]; @SamUAtAlliance
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