Company collected less than half of December rent
Capco dropped to 140p and Shaftesbury also fell down 3.88% to 545p
The bonds, which will now carry a coupon of 2%, are redeemable on 30 March 2026
Fund raising will reduce cost of debt and provide “additional financial flexibility and liquidity”
The landlord will use the funds to ready the business for losses in the wake of coronavirus
Capco has exchanged contracts to sell an island site in the south-east corner of Covent Garden for £76.5m to APG and London Central Portfolio’s joint venture, The Portfolio Club. The…
Covent Garden owner’s losses reach £440.7m
Votes in favour of deal accounted for 72.2%
Almost all of the decline was accounted for by retail, leisure, and food and beverage portfolio
Norwegian investor’s move comes days after Capco secured 26.3% of Shaftesbury
Industry experts have speculated over a merger between the two businesses for years
A majority voted against the company’s remuneration report for 2019 at its AGM today