Liberty announces detail of asset split

Liberty, owner of CapCo which plans to redevelop Earls Court, has given details of its planned split into two separate groups.

The two chunks, both of which will be REITs, will be roughly split along the asset class and geographical lines – Capital Shopping Centres will own out-of-London shopping centres, while Capital & Counties will own London assets and development opportunites, of which the largest is Earls Court and Olympia.

See the FT for more detail, or our previous coverage.

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