Capco returns pushed up by Covent Garden retail hotspot

first_img Share Thursday 26 February 2015 9:14 pm PROPERTY firm Capital & Counties (Capco) singled out the performance of its Covent Garden sites as driving a 25 per cent total return in the year to 31 December 2014.The company also saw a 25 per cent increase in its European Public Real Estate Association net asset value, while rental income grew from £64.8m in 2013 to £70.1m.Ian Hawksworth, chief executive of Capco, said the results reflected “an acceleration in performance across Capco, particularly at Covent Garden”. He added: “Covent Garden is established as a leading global destination following a very active year of leasing, setting new rental levels across the estate. “Premium brands continue to be attracted to this prime location and the distinct approach we take to managing our estate.”Hawksworth also stated that the firm is focusing on planning applications and sales at its Earls Court project and said that, while Capco is aware of the “uncertainty which may arise from the upcoming General Glection”, it was entering the new year with confidence.Shares in the company were up by 2.11 per cent. Tags: NULL Capco returns pushed up by Covent Garden retail hotspot Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proofcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesHigh TallyThe US Built A New Submarine The World Is Afraid OfHigh TallyWorldemandCanal Drained For First Time And They Find ThisWorldemandPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyGameday NewsNBA Wife Turns Heads Wherever She GoesGameday News whatsapp Express KCS last_img read more