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CCO - Capital & Counties Properties PLC - Statement regarding press comment
Capital & Counties Properties PLC
(Incorporated and registered in the United Kingdom and Wales with registration
Number 07145041 and registered in South Africa as an external company with
Registration Number 2010/003387/10)
JSE code: CCO
ISIN: GB00B62G9D36
STATEMENT REGARDING PRESS COMMENT
Capital & Counties Properties PLC ("Capco" or the "Company") notes the press
article this morning relating to a potential partnership regarding its property
interests at Earls Court.
Capco`s strategy with regards to Earls Court is to unlock value through land
management. The Company has made good progress to date in advancing the
planning application process.
Capco regularly reviews its options on how it may participate in any future
redevelopment of Earls Court if the planning process is successful. One such
option could be a joint venture, and the Company has received expressions of
interest from a number of parties. However at this stage no discussions have
progressed beyond the preliminary stages. There is therefore no certainty that
any transaction would be forthcoming.
Enquiries:
Capital & Counties Properties PLC
Ruth Pavey, Company Secretary +44 (0)20 3214 9150
Hudson Sandler (Public relations - UK)
Michael Sandler +44 (0)20 7796 4133
College Hill (Public relations - SA)
Nick Williams +27 (0)11 447 3030
23 February 2011
Sponsor:
Merrill Lynch SA (Pty) Limited
Date: 23/02/2011 09:41:01 Produced by the JSE SENS Department.
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