CAPITAL & COUNTIES PROPERTIES PLC - Acquisition at Covent Garden

Acquisition at Covent Garden

Capital & Counties Properties PLC
(Incorporated and registered in the United Kingdom and Wales with registration Number 07145041
and registered in South Africa as an external company with Registration Number 2010/003387/10)
JSE code: CCO
ISIN: GB00B62G9D36

CAPITAL & COUNTIES PROPERTIES PLC (“Capco”)


PRESS RELEASE

14 December 2017


                                     Acquisition at Covent Garden

Capital & Counties Properties PLC (“Capco”) has acquired the long leasehold interest in 15-17 Long
Acre & 27b Floral Street for £79 million before purchaser’s costs.

Located at the western end of Floral Street, opposite the Floral Court development, the property
benefits from dual frontage on both Floral Street and Long Acre and presents long-term asset
management opportunities.

The property generates an annual rental income of £3.4 million across 42,600 square feet with 60 per
cent of the income attributable to the retail space, which comprises 18,500 square feet, and the
remainder of the space let as offices.

Michelle McGrath, Director, Capco Covent Garden, commented:

“The purchase of this property is in line with Capco's strategy of acquiring prime assets at Covent
Garden that offer the opportunity to create value. This acquisition expands our footprint in the area
and further consolidates our presence on Floral Street where recent signings include Kent & Curwen
and The Shop at Bluebird."

                                                  -ENDS-



Enquiries

Capital & Counties Properties PLC:
Ian Hawksworth                         Chief Executive                             +44 (0)20 3214 9188
Situl Jobanputra                       Chief Financial Officer                     +44 (0)20 3214 9183
Sarah Corbett                          Head of Investor Relations                  +44 (0)20 3214 9165

Media enquiries:
Sarah Hagan                            Group Director of Communications & Marketing +44 (0)20 3214 9185
UK: Tulchan                            Susanna Voyle                                +44 (0)20 7353 4200
SA: Instinctif                         Frederic Cornet                              +27 (0)11 447 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 £3.5 billion as at
30 June 2017 (Group share). The company is listed on the London Stock Exchange and the
Johannesburg Stock Exchange.

www.capitalandcounties.com

About Capco Covent Garden:
Covent Garden is a leading global retail and dining address and is one of the most distinct and vibrant
estates in London. The area is now home to Chanel, Mulberry, Petersham Nurseries, Balthazar and
Frenchie.

Capital & Counties Properties PLC ('Capco') is responsible for the management and curation of over 1
million sq. ft. of space at Covent Garden valued at £2.4 billion (as at 30 June 2017). Under Capco’s
stewardship, Covent Garden has been transformed into a world-class destination, welcoming over 44
million customer visits a year.

www.coventgarden.london


JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited

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