| Fri 23 Mar 2012, 9:00 | | CCO - Capital & Counties Properties Plc - The Royal Borough of Kensington & |
|
JSE CCO
CCO
CCO - Capital & Counties Properties Plc - The Royal Borough of Kensington &
Chelsea Council adopts New Earls Court Planning Policy
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
23 March 2012
THE ROYAL BOROUGH OF KENSINGTON & CHELSEA COUNCIL ADOPTS NEW EARLS COURT
PLANNING POLICY
Capital & Counties Properties PLC ("Capco") welcomes the decision by the Royal
Borough of Kensington & Chelsea to adopt a new policy document, known as the
Supplementary Planning Document ("SPD"), covering the Earls Court & West
Kensington Opportunity Area ("ECOA").
The announcement follows the adoption of the SPD by the London Borough of
Hammersmith & Fulham earlier this week. The SPD supports the planning policy
basis for the consideration of the planning application for Sir Terry Farrell`s
Earls Court Masterplan, which proposes a 7,500 home development across the ECOA.
The site has already been identified as an Opportunity Area by the Mayor of
London in the London Plan, meaning it is considered as a site potentially
suitable for comprehensive development.
-ENDS-
Capital & Counties Properties PLC
Ian Hawksworth, Chief Executive Tel: + 44 (0) 20 3214 9188
Gary Yardley, Investment Director
Soumen Das, Finance Director
For financial media enquires please contact:
Hudson Sandler (UK) Tel: +44 (0) 20 7796 4133
Michael Sandler/Wendy Baker
College Hill (South Africa) Tel: +27 11 447 3030
Nicholas Williams
For general media enquiries please contact:
Chris Rumfitt, Edelman Tel: +44 (0) 7967 226646
Sponsor:
Merrill Lynch SA Pty Limited
About Capital & Counties Properties PLC (Capco):
CAPITAL & COUNTIES PROPERTIES PLC is one of the largest companies that
specialises in central London real estate and is a constituent of the FTSE-250
Index. CAPITAL & COUNTIES PROPERTIES PLC holds 3.3 million square feet of assets
valued at GBP1.6 billion (as at 31 December 2011) in three landmark London
estates: Covent Garden, which has assets valued at GBP808 million, including the
historic Market Building; Earls Court & Olympia Group and 50% of the Empress
State building in Earls Court amounting to aggregate property assets of GBP574
million; and the Great Capital Partnership, a joint venture with Great Portland
Estates, which holds prime West End properties of which Capco`s share is GBP241
million. The company is listed on the London Stock Exchange and the JSE,
Johannesburg.
Date: 23/03/2012 09:00:03 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
