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UK property firms Capco and Shaftesbury confirm £3.5bn merger talks

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Combined group will focus on the West End of London with about 270,000 square metres of lettable space

UK landlord Capital & Counties has confirmed it is in advanced talks with property group Shaftesbury about a reported £3.5bn merger, which would bring major tourist hotspots Covent Garden and Chinatown under a single owner.

The tie-up could see the two own vast swathes of the West End of London, with Capco set to own 53% of the combined company and Shaftesbury 47%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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