The property company founded by Hong Kong tycoon Li Ka-shing is in talks to buy a stake in Earl’s Court, a 3.4m sq ft development site in west London that once housed a renowned exhibition centre and concert venue.
The stake belongs to UK-listed property company Capital & Counties, which owns Covent Garden market in central London as well as land at Earl’s Court, one of the city’s biggest development sites.
Capital & Counties has been considering splitting itself into two. But in a statement on Monday it said it was in talks with CK Asset Holdings, founded by Mr Li, over the sale of almost all its interests in Earls Court Partnership, which it owns in a joint venture with Transport for London.
