Statement re. Press Comment

RNS Number : 6992B

Capital & Counties Properties Plc

23 February 2011

 



23 February 2011

STATEMENT REGARDING PRESS COMMENT

Capital & Counties Properties PLC ("Capco" or the "Company") notes the press article this morning relating to a potential partnership regarding its property interests at Earls Court.

Capco's strategy with regards to Earls Court is to unlock value through land management.  The Company has made good progress to date in advancing the planning application process.

Capco regularly reviews its options on how it may participate in any future redevelopment of Earls Court if the planning process is successful. One such option could be a joint venture, and the Company has received expressions of interest from a number of parties. However at this stage no discussions have progressed beyond the preliminary stages. There is therefore no certainty that any transaction would be forthcoming.

Enquiries:

Capital & Counties Properties PLC 

Ruth Pavey, Company Secretary       [phone]

Hudson Sandler (Public relations - UK)

Michael Sandler                                  [phone]

College Hill (Public relations - SA)

Nick Williams                                      [phone]

 

END

 

 

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