Edition:
United States

Capital & Counties Properties PLC (CAPCC.L)

CAPCC.L on London Stock Exchange

272.20GBp
21 Feb 2018
Change (% chg)

-6.70 (-2.40%)
Prev Close
278.90
Open
273.40
Day's High
276.60
Day's Low
266.90
Volume
4,966,377
Avg. Vol
2,474,668
52-wk High
326.10
52-wk Low
251.90

Latest Key Developments (Source: Significant Developments)

Capital & Counties Posts ‍FY Underlying EPS 1.3 Pence Per Share​
2:00am EST 

Feb 21 (Reuters) - Capital & Counties Properties Plc ::TOTAL DIVIDEND 1.5 PENCEPER SHARE.FINAL DIVIDEND 1 PENCEPER SHARE.‍FY EPRA NAV 334 PENCE PER SHARE, DECREASE OF 1.7 PER CENT​.‍FY TOTAL PROPERTY VALUE £3.5 BILLION, A DECREASE OF 0.9 PER CENT​.‍FY UNDERLYING EPS 1.3 PENCE PER SHARE​.‍PROPOSED FINAL 2017 DIVIDEND OF 1.0 PENCE PER SHARE RESULTING IN A FULL-YEAR DIVIDEND OF 1.5 PENCE PER SHARE​.‍COVENT GARDEN REMAINS WELL-PLACED FOR CONTINUED SUCCESS AND ERV PROGRESSION TOWARDS TARGET OF £125 MILLION BY DECEMBER 2020​.  Full Article

Capital & Counties Says Acquired Long Leasehold Interest In 15-17 Long Acre
Thursday, 14 Dec 2017 02:00am EST 

Dec 14 (Reuters) - Capital & Counties Properties Plc ::HAS ACQUIRED LONG LEASEHOLD INTEREST IN 15-17 LONG ACRE & 27B FLORAL STREET FOR 79 MILLION STG BEFORE PURCHASER'S COSTS.  Full Article

Capital & Counties Properties says remains in discussions with London Borough Of Hammersmith & Fulham
Monday, 13 Nov 2017 06:18am EST 

Nov 13 (Reuters) - Capital & Counties Properties Plc :CONFIRMS IT REMAINS IN DISCUSSIONS WITH LONDON BOROUGH OF HAMMERSMITH & FULHAM FOR MASTERPLAN FOR EARLS COURT OPPORTUNITY AREA​.IN EVENT ENHANCED MASTERPLAN DOES NOT PROGRESS OR AGREEMENT IS NOT REACHED, CONDITIONAL LAND SALE AGREEMENT WILL REMAIN IN PLACE.  Full Article

Capital & Counties Properties says remains in discussions with London Borough of Hammersmith & Fulham​
Wednesday, 8 Nov 2017 02:07am EST 

Nov 8 (Reuters) - Capital & Counties Properties Plc :‍CONFIRMS THAT IT REMAINS IN DISCUSSIONS WITH LONDON BOROUGH OF HAMMERSMITH & FULHAM​.  Full Article

Capital & Counties Properties announces ‍response to press speculation​
Wednesday, 8 Nov 2017 02:00am EST 

Nov 8 (Reuters) - CAPITAL & COUNTIES PROPERTIES PLC ::‍RESPONSE TO PRESS SPECULATION​.CONFIRMS IT REMAINS IN DISCUSSIONS WITH LONDON BOROUGH OF HAMMERSMITH & FULHAM (LBHF) TO BRING FORWARD ENHANCED MASTERPLAN FOR EARLS COURT OPPORTUNITY AREA​.  Full Article

Capital & Counties Properties announces 225 mln pounds US private placement debt for Covent Garden​
Friday, 21 Jul 2017 02:02am EDT 

July 21 (Reuters) - Capital & Counties Properties Plc ::Says agrees 225 mln stg US private placement debt for covent garden.Signed agreement with eight institutional investors, for a private placement of 225 mln stg senior unsecured notes.Notes have maturities ranging from seven to 20 years sterling denominated unsecured debt has a weighted average fixed rate coupon of 2.75 pct​.Eexpected that closing and funding of transaction will occur in August​.Pproceeds of issue will be used initially to repay bank facility and for subsequent investment on covent garden estate​.Barclays Bank plc and Natwest Markets acted as joint active agents on this transaction and were supported by Santander and HSBC​.  Full Article

Capital & Counties Properties says HY total property value 3.5 bln pounds
Friday, 21 Jul 2017 02:00am EDT 

July 21 (Reuters) - Capital & Counties Properties Plc ::Interim dividend 0.5 pence per share.‍HY EPRA NAV adjusted marginally by 0.1 pct to 339.1 pence per share (Dec 2016: 339.6 pence)​.HY total property value 3.5 bln stg, up 0.2 pct (like-for-like) (Dec 2016: 3.7 bln stg)​.HY ‍equity attributable to owners of parent 2.8 bln stg (Dec 2016: 2.8 bln)​.  Full Article

Capital & Counties Properties sells its exhibition business for £296 million
Friday, 7 Apr 2017 12:01pm EDT 

Capital & Counties Properties Plc : Exchanged, completed on sale of Venues, its exhibition business for a total gross cash consideration of £296 million . Venues sold to consortium of German institutional investors . Consortium includes Bayerische Versorgungskammer, Versicherungskammer Bayern, DFI European Value Add Fund . Consortium advised by Deutsche Finance Intl and Yoo Capital, as UK co-investor; CAPCO advised by Rothschild and CBRE . Following disposal, CAPCO's pro-forma LTV as at 31 December 2016 decreases from 23 percent to 17 percent .After repayment of £50 million debt, working capital adjustments and transaction-related costs, net proceeds are £229 million.  Full Article

Capital & counties announces possible sale of venues
Friday, 7 Apr 2017 02:22am EDT 

Capital & Counties Properties Plc : Advanced discussions concerning sale of for a price in line with 31 december 2016 valuation .No certainty that sale will proceed.  Full Article

Capital & Counties Properties records FY EPRA net asset value per share of 340 pence
Wednesday, 22 Feb 2017 02:00am EST 

Capital & Counties Properties Plc : Final dividend 1 pence per share . Total dividend 1.5 pence per share . Despite macro- economic uncertainty, london is one of great cities of world; desirable as a retail destination and residential location - Chairman . FY EPRA net asset value per share of 340 pence versus 361 pence year ago . Are confident in strength of our two prime london assets and are well positioned to deliver long-term value creation - Chairman . FY net rental income 81.5 million stg versus 74.9 million stg year ago . FY property market value 3.71 billion stg versus 3.66 billion stg year ago . At Earls Court, first phase of demolition is now complete, de-risking site and preparing land for future development - CEO .Weakened sentiment in residential market, particularly in H1, led to a valuation decline at Earls Court properties of 20 percent to £1.1 billion - CEO.  Full Article