CapCo maiden figures strong

Capital & Counties has announced a strong set of full year results in its first year after a demerger.

The developer behind plans for Earls Court reported a 10% increase in asset values over its first full year since being demerged from Liberty International.

CapCo is preparing to launch its Sir Terry Farrell-designed masterplan for the Earls Court regeneration programme, which is reported to include 7,500 homes and more than 2m sq ft of commercial space.

Ian Hawksworth, chief executive of CapCo said: “The Earls Court & Olympia business has the opportunity to redefine the area around Earls Court through its planning activities, whilst maximising the profitability of the Olympia exhibition facilities.”

See coverage from Property Week.

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