Capco sells 49 flats to overseas investor

Capital & Counties has announced that the Lillie Square joint venture (between Capco and KFI) has exchanged contracts with an unnamed international investor for the sale of all 49 apartments in one of its Lillie Square blocks.

9 Lillie Square – the fourth block within Phase 2 of the Lillie Square development will sell for a total consideration of around £66 million. Payments will be made in phases up to completion.

Capco say pricing is in line with Phase 2 sales to date, at a modest premium to comparable units in Phase 1. 142 of the 186 units in Lillie Square Phase 2 have now been reserved or exchanged.

Lillie Square is owned and developed by a joint venture between Capital & Countries and interests of certain members of the Kwok family (‘KFI’). KFI are major shareholders of Sun Hung Kai Properties Limited, one of the largest real estate companies listed on the Hong Kong Stock Exchange.

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