Response to press speculation

Capco notes the recent press speculation and confirms that it remains in discussions with the London Borough of Hammersmith & Fulham (“LBHF”) to bring forward an enhanced masterplan for the Earls Court Opportunity Area.

An enhanced masterplan would seek to deliver an increased number of homes across all tenures throughout the wider Earls Court Opportunity Area, and could involve LBHF taking the lead on future plans for the West Kensington and Gibbs Green Estates (the “Estates”).

In the event that an enhanced masterplan does not progress or agreement is not reached, the Conditional Land Sale Agreement (the “CLSA”, a binding agreement in relation to the Estates) will remain in place.

Further announcements will be made in due course as appropriate.

-ENDS-

Enquiries

Capital & Counties Properties PLC:

Ian Hawksworth

Chief Executive

+44 (0)20 3214 9188 

Situl Jobanputra

Chief Financial Officer

+44 (0)20 3214 9183 

Sarah Corbett

Head of Investor Relations

+44 (0)20 3214 9165

Media enquiries:

Sarah Hagan

Group Director of Communications & Marketing

+44 (0)20 3214 9185   

UK: Tulchan

Susanna Voyle

+44 (0)20 7353 4200

SA: Instinctif

Frederic Cornet

+27 (0)11 447 3030 

Notes to Editors

About Capital & Counties Properties PLC (Capco):

Capital & Counties Properties PLC is one of the largest investment and development property companies that specialises in central London real estate and is a constituent of the FTSE-250 Index. Capco's landmark London estates at Covent Garden and Earls Court were valued at £3.5 billion as at 30 June 2017 (Group share). The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.

www.capitalandcounties.com