REITS
Capco’s West End play could be just the ticket
Capco is likely to reappear on SA radars as its merger with Shaftesbury will create a R100bn central-London real estate giant
21 July 2022 - 05:00
SA investors who bailed out of Capital & Counties Properties (Capco) after it demerged from Liberty International in 2010 are likely to reconsider exposure to the London-focused property play given plans to merge with fellow LSE-listed Shaftesbury.
When the late Donald Gordon’s Liberty International split into Capco and Intu, more than 50% of Capco’s shareholders were South Africans. That number has over the past 12 years dwindled to an estimated 10% — partly on the back of Capco’s initial development focus. ..
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