UK landlord Capital & Counties (Capco) has confirmed it is in advanced talks with property group Shaftesbury about a reported £3.5bn (R69.3bn) merger, which would bring major tourist hotspots Covent Garden and Chinatown under a single owner.

The tie-up could see the two own vast swathes of the West End of London, with Capco set to own 53% of the combined company and Shaftesbury 47%...

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