TIDMCAPC

RNS Number : 8516V

Capital & Counties Properties Plc

08 November 2017

08 November 2017

CAPITAL & COUNTIES PROPERTIES PLC ("Capco")

Response to press speculation

Capco notes the recent press speculation and confirms that it remains in discussions with the London Borough of Hammersmith & Fulham ("LBHF") to bring forward an enhanced masterplan for the Earls Court Opportunity Area.

An enhanced masterplan would seek to deliver an increased number of homes across all tenures throughout the wider Earls Court Opportunity Area, and could involve LBHF taking the lead on future plans for the West Kensington and Gibbs Green Estates (the "Estates").

In the event that an enhanced masterplan does not progress or agreement is not reached, the Conditional Land Sale Agreement (the "CLSA", a binding agreement in relation to the Estates) will remain in place.

Further announcements will be made in due course as appropriate.

-ENDS-

Enquiries

Capital & Counties Properties PLC:

 
                                                +44 (0)20 3214 
Ian Hawksworth     Chief Executive               9188 
                                                +44 (0)20 3214 
Situl Jobanputra   Chief Financial Officer       9183 
                                                +44 (0)20 3214 
Sarah Corbett      Head of Investor Relations    9165

Media enquiries:

 
                 Group Director of Communications   +44 (0)20 3214 
Sarah Hagan       & Marketing                        9185 
                                                    +44 (0)20 7353 
UK: Tulchan      Susanna Voyle                       4200 
                                                    +27 (0)11 447 
SA: Instinctif   Frederic Cornet                     3030

Notes to Editors

About Capital & Counties Properties PLC (Capco):

Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco's landmark London estates at Covent Garden and Earls Court were valued at GBP3.5 billion as at 30 June 2017 (Group share). The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.

www.capitalandcounties.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

RSPDMMGMMNMGNZZ

(END) Dow Jones Newswires

November 08, 2017 02:00 ET (07:00 GMT)

Shaftesbury Capital (LSE:SHC)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Shaftesbury Capital Charts.
Shaftesbury Capital (LSE:SHC)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Shaftesbury Capital Charts.