Possible Sale of Venues

RNS Number : 8679B

Capital & Counties Properties Plc

07 April 2017

 

07 April 2017

CAPITAL & COUNTIES PROPERTIES PLC ("Capco")

Possible Sale of Venues

Capco confirms that it is in advanced discussions concerning the sale of Venues, its exhibition business, comprising Olympia London together with certain related property assets for a price in line with the 31 December 2016 valuation. There is no certainty that the sale will proceed and further announcements will be made as appropriate.

-ENDS-

Enquiries

Capital & Counties Properties PLC:

Ian Hawksworth	Chief Executive	[phone]
Situl Jobanputra	Chief Financial Officer	[phone]
Sarah Corbett	Investor Relations Manager	[phone]

Media enquiries:

Sarah Hagan	Director of Communications & Marketing	[phone]
UK: Tulchan	Susanna Voyle	[phone]
SA: Instinctif	Frederic Cornet	[phone]

Notes to Editors

About Capital & Counties Properties PLC (Capco):

Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco's landmark London estates are valued at £3.7 billion¹ (as at 31 December 2016): Covent Garden, which has assets valued at £2.3 billion including the historic Market Building; and Earls Court Properties including the Empress State Building together with the Venues business with aggregate property assets of £1.4 billion. The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.

1. Group share

www.capitalandcounties.com

 

 

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