Half Year Results 

CapCo confirms demerger

CapCo confirms demerger

Confirmation that Capital & Counties (CAPC) is to split its business in two overshadowed the commercial landlord's first-half results. After receiving a number of offers for its struggling Earls Court development “at a range of discounts” to the balance sheet value, management plans to launch the Covent Garden assets as a Central London-focused real estate investment trust (REIT) before the end of the year.

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