Capital & Counties Properties wins consent for London development

11th Dec 2013 10:03

Capital & Counties Properties has been granted permission to transform the space between King Street and Floral Street within the Covent Garden estate in London.Westminster City Council gave the green light for the company to create a new pedestrian passageway connecting Long Acre and King Street, a new public courtyard and new retail, restaurant and residential space.The public courtyard will be surrounded by eight new retail units and two new restaurants with al fresco dining. "These plans will have a significant impact on how visitors experience Covent Garden and highlight Capco's commitment to creating value and improving public access within our estate," said Chief Executive Ian Hawksworth.Shares fell 0.09% to 329.10p at 10:16 on Wednesday.RD