Investec is nervous about Capco’s 24% discount to NAV – Shaftesbury’s is just 8.8%
West End landlords lose ground on news of potential buyout
“It has been a long time coming,” say analysts as buyout details emerge
The £3.5bn merger has been on the cards since Capco bought a 25% stake in its neighbour in 2020
Estate valuation down by £96m during 2021 but improved during second half of the year
The Covent Garden landlord’s portfolio rose to £1.7bn
Half-year results for the West End landlord show a further 5% fall, as rent collection edges up
West End landlord also makes changes to remuneration policy after shareholder upset last year
Covent Garden landlord’s property value falls 26% amid pandemic
Analysts see the public making up for lost time spending once restrictions are lifted
New firm appointed to advise West End landlord on listed life
Plus, Whitbread rises after £550m green bond deal