Capital & Counties Properties Plc Contracts Exchanged on 49 Units at Lillie Square (1523G)
28 February 2018 - 6:00PM
UK Regulatory
TIDMCAPC
RNS Number : 1523G
Capital & Counties Properties Plc
28 February 2018
28 February 2018
CAPITAL & COUNTIES PROPERTIES PLC ("Capco")
CONTRACTS EXCHANGED ON 49 APARTMENTS AT LILLIE SQUARE
Capco today announces that the Lillie Square joint venture
(between Capco and KFI) has exchanged contracts with an
international investor for the sale of all 49 apartments and 31
parking spaces at '9 Lillie Square', the fourth block within Phase
2 of the Lillie Square development. Total consideration is
approximately GBP66 million (GBP33 million Capco share). On
exchange of contracts a deposit of GBP6.6 million (GBP3.3 million
Capco share) was received representing 10 per cent of
consideration, with a further staged payment of 10 per cent to be
received in 12 months and the balance on completion.
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.
-ENDS-
Enquiries
Capital & Counties Properties PLC:
+44 (0)20 3214
Ian Hawksworth Chief Executive 9188
+44 (0)20 3214
Situl Jobanputra Chief Financial Officer 9183
+44 (0)20 3214
Sarah Corbett Head of Investor Relations 9165
Media enquiries:
+44 (0)20 7353
UK: Tulchan Susanna Voyle 4200
+27 (0)11 447
SA: Instinctif Frederic Cornet 3030
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 at Covent Garden and Earls
Court were valued at GBP3.5 billion as at 31 December 2017 (Group
share). The company is listed on the London Stock Exchange and the
Johannesburg Stock Exchange.
www.capitalandcounties.com
About KFI:
Lillie Square is owned and developed by a joint venture between
Capital & Countries Properties PLC ('Capco') 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTBIGDDDBDBGIR
(END) Dow Jones Newswires
February 28, 2018 02:00 ET (07:00 GMT)
Shaftesbury Capital (LSE:SHC)
Historical Stock Chart
From Apr 2024 to May 2024
Shaftesbury Capital (LSE:SHC)
Historical Stock Chart
From May 2023 to May 2024