CapCo buys £70m Covent Garden property from Derwent
31st Oct 2016 07:09
(ShareCast News) - Investment company Capital & Counties bought a Covent Garden property from Derwent London real estate investment trust for £67.5m. The multi-let Tower House building on the junction of Southampton Street and Tavistock Street has a £3.1m annual rent across 53,700 square feet, which
Read moreHouse prices helped by demand rebound and historic supply low, RICS says
13th Oct 2016 09:35
(ShareCast News) - Surveyors reported an unexpected increase in house prices in the last three months as demand rose but the supply of new homes for sale dropped off and numbers for sale in London dropped to a historic low. The Royal Institution for Chartered Surveyors (RICS) revealed the headline b
Read moreCapco raises £175m from bond placing
26th Sep 2016 07:15
(ShareCast News) - Capital & Counties Properties' (Capco) subsidiary Covent Garden Holdings has raised £175m from an agreed placing of long-term notes with five US investors in order to beef up its balance sheet and repay debt. The placing of 10-year and 12-year senior unsecured notes will occur in
Read moreCapital & Counties remains relatively robust in London uncertainty
26th Jul 2016 09:17
(ShareCast News) - Capital & Counties posted its interim results for the six months to 30 June on Tuesday, reporting equity attributable to owners of the parent of £2.8bn - down from £2.9bn at the start of the period. The FTSE 250 firm said its EPRA adjusted, diluted net asset value was down 5% to 3
Read moreSunday newspaper round-up: Brexit, BT, Lloyds, energy companies
24th Jul 2016 11:22
(ShareCast News) - Plans to allow the UK an exemption from EU rules on freedom of movement for up to seven years while retaining access to the single market are being considered in European capitals as part of a potential deal on Brexit. Senior British and EU sources have confirmed that despite stro
Read moreCiti sees opportunity in UK real estate correction
18th Jul 2016 16:17
(ShareCast News) - UK commercial real estate values were set to fall further, analysts at Citi said, but they believed the falls would only be a 'correction' - mostly cyclical in nature - and should be looked upon as a trading opportunity. Nonetheless, they admitted the risk of a more severe propert
Read moreFTSE 250 movers: Phoenix Group firms on AXA Wealth deal
27th May 2016 15:30
(ShareCast News) - FTSE 250 was marginally firmer in late afternoon trade as UK traders wound down ahead of a long weekend, with few of today's in-the-news mid-cap stocks figuring among that index's top-10 risers. Shares in Phoenix Group Holdings were ahead as it agreed with AXA UK to buy AXA Wealth
Read moreCapco pre-lets 60% of Kings Court development
17th May 2016 11:39
(ShareCast News) - London property company Capital & Counties (Capco) announced on Tuesday that it has signed a significant pre-let, following serious demand for its Kings Court development in Covent Garden. The FTSE 250 firm said lifestyle brand Petersham Nurseries will occupy more than 16,000 squa
Read moreCovent Garden, Earls Court developments on track at Capco
6th May 2016 08:11
(ShareCast News) - London property company Capital & Counties reported strong trading activity in the year to date on Friday, as its redevelopment of the Covent Garden and Earls Court areas in central London continued. The FTSE 250 firm was on track to achieve an estimated recovery value target of £
Read moreSunday newspaper round-up: Sports Direct, BHS, Barclays, Smiths, Cobham
1st May 2016 18:03
(ShareCast News) - Sports Direct boss Mike Ashley has offered to buy collapsed retailer BHS, saving its entire store estate and thousands of jobs. Although the tycoon was unable to agree a deal before administrators were called in last Monday, Ashley confirmed to the Sunday Telegraph: "Any continuin
Read morePeel Hunt sees opportunities and risks in UK commercial property
12th Apr 2016 13:25
(ShareCast News) - In 2016, and for the first time in four years, UK commercial property shares had not outperformed the All-Share. That had thrown-up appetising opportunities in the sector for the first time in several years as shares de-rated, with the sector changing hands on an average discount
Read moreTuesday broker round-up
8th Mar 2016 14:42
(ShareCast News) - South32: HBSC upgrades to buy with a target price of 85p. Capital & Counties Properties: Exane BNP Paribas downgrades to underperform. 348P target. Admiral Group: Nomura upgrades to buy with a target price of 2325p. Millennium & Copthorne Hotels: Berenberg downgrades to sell wit
Read moreCapital & Counties under pressure on Exane downgrade
8th Mar 2016 10:28
(ShareCast News) - Capital & Counties was under the cosh on Tuesday as Exane BNP Paribas downgraded the stock to 'underperform' from 'neutral' and cut the price target to 348p from 460p. The bank noted CapCo's share price is highly correlated to Prime Central London (PCL) residential prices, where a
Read moreWednesday broker round-up
2nd Mar 2016 16:45
(ShareCast News) - Just Eat: JP Morgan reiterates overweight with a target price of 393p and Investec reiterates buy with a target price of 479p. Capital & Counties Properties: Morgan Stanley downgrades to underweight with a target price of 330p. Rightmove: Jefferies upgrades to hold with a target
Read moreCapital & Counties directors snap up share to boost confidence
25th Feb 2016 15:35
(ShareCast News) - A number of Capital & Counties Properties' directors have bought shares in the company in a bid to boost confidence after recent results worried the market. Chief executive Ian Hawksworth bought 50,000 shares for just under £160,000. Managing director Gary Yardley, finance direct
Read more