Capco has transformed Covent Garden into a vibrant retail, leisure and residential district. The neighbourhood’s new take on luxury mixes premium retailers with one-off craft stalls, street theatre with the Royal Ballet and world-class brands with emerging designers to create an atmosphere unlike anywhere else in London.
The Covent Garden estate represents 55 per cent of Capco’s gross assets and showcases its creative place-making strategy, which is realised through focused asset management, investment and development. Since it acquired the Covent Garden estate in 2006, Capco has transformed the area by introducing over 50 new, high-quality retailers and occupiers.
The opening of Europe’s largest Apple store in August 2010 signalled a milestone in the transformation of Covent Garden as a host of other brands have followed in its wake. King Street has become a new home for contemporary luxury. The eclectic mix of shops and restaurants in the Market Building and surrounding streets has turned the area into a new, cool London hotspot.
In 2012 alone, 14 new restaurants and retailers have opened on the estate including Jamie Oliver’s new British dining concept Jamie’s Union Jacks, cult fashion retailer Opening Ceremony, fragrance and beauty brand Jo Malone and Chanel. Luxury residential brand Covent Garden Living is also reconnecting the district with its 17th century residential roots.
The district is also being reconnected with its 17th century residential roots. The Henrietta, Capco’s first luxury development, sold in 2012 setting new standards for quality and pricing in the area. The Russell is set to come to market in spring 2013, with three stunning lateral apartments and two duplex penthouses.