Capco to buy R9.3bn stake in Shaftesbury
Group will gain access to a mixed-use real estate portfolio next to its flagship Covent Garden estate in London’s West End
01 June 2020 - 10:31
UK landlord Capital & Counties (Capco), spun out of SA businessperson Donald Gordon’s Liberty International, aims to buy a £436m (R9.3bn) stake in rival property group Shaftesbury.
The investment in two tranches will bring Capco’s stake in Shaftesbury to 26.3%, and gives the group an interest in an “exceptional mixed-use real estate portfolio, adjacent to Capco’s world-class Covent Garden estate”, Capco said...
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