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Shaftesbury Capital, formerly Capital & Counties Properties plc, (Capco) is a United Kingdom-based property investment and development company focused on sites in the West End of London, including Covent Garden, Chinatown London and Carnaby Street, Soho.
 | |
| Company type | Public limited company |
|---|---|
| Industry | Property |
| Predecessor | Liberty International |
| Founded | 1933 |
| Headquarters | London, United Kingdom |
Area served | London |
Key people | Jonathan Nicholls (Chairman) Ian Hawksworth (CEO) |
| Products | Commercial property investment and development |
| Revenue |  £195.1 million (2023)[1] |
| £35.3 million (2023)[1] | |
| £750.4 million (2023)[1] | |
| Website | www |
It is listed on the London and Johannesburg stock exchanges and is a constituent of the FTSE 250 Index.[2]
Capital and Counties was incorporated in 1933[3] and subsequently established a portfolio of property in London and the Home Counties. It was acquired by Transatlantic Holdings in 1992.[4]
In May 2010, Capital & Counties Properties (Capco) was demerged from Liberty International (formerly Transatlantic Holdings PLC).[5] The company had an interest in Great Capital Partnership (a 50-50 joint venture with Great Portland Estates which invested in commercial property in the Regent Street and Piccadilly areas),[6] but that entity sold its remaining asset in June 2013.[7] The company also had a large interest in the Earl's Court area but sold its interest (co-owned with Transport for London) to Delancey and a Dutch pension fund in November 2019.[8] It acquired REIT status in December 2019.[9]
In June 2020, Capital & Counties Properties agreed to purchase property tycoon Samuel Tak Lee's stake in its rival Shaftesbury.[10] The company acquired a 26.3% stake of Shaftesbury for a reported £436 million.[11][12]
On 2 March 2023, the company announced the implementation of a proposed merger with British real estate investment trust Shaftesbury PLC.[13] The merger proposals saw Capital & Counties Properties changing its name to Shaftesbury Capital.[14]
The market value of the company's portfolio, which includes properties in Covent Garden, Seven Dials, Chinatown, Carnaby Street and Soho, was £4.7 billion as of 31 December 2023.[1] The company also has joint ownership of a residential scheme, Lillie Square, along with certain members of the Kwok family, who are major shareholders of Sun Hung Kai Properties.[15]
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