Shaftesbury and Capco merger will create £5bn titan stretching from Covent Garden to Carnaby Street
The “put up or shut up” deadline for the £3.5bn deal has been extended to 17 June
The West End portfolio is now valued at 17% less than it was before the pandemic
Mixed-use project at 92-104 Berwick Street was placed in receivership during 2020
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
The West End landlord’s valuation has risen 7.5% on a like-for-like basis over the past six months
The REIT’s executive director, Simon Quayle, talks a quarter-century of change in the portfolio
FTSE 250 REIT has hailed the return of office workers to its West End portfolio
The Carnaby and Kingly Street redevelopments will add 27,000 sq ft to the West End portfolio