Edition:
United Kingdom

Capital & Counties Properties Sells Empress State Building For 250 Mln STG​


Monday, 26 Mar 2018 

March 26 (Reuters) - Capital & Counties Properties Plc ::‍ANNOUNCES SALE OF EMPRESS STATE BUILDING FOR £250 MILLION​.SALE OF EMPRESS STATE BUILDING TO MAYOR'S OFFICE FOR POLICING AND CRIME​.‍DISPOSAL RESULTED IN A REDUCTION IN CAPCO'S PRO FORMA LTV AS AT 31 DECEMBER 2017 FROM 21 PER CENT TO 15 PER CENT​.DEAL ‍IS EXPECTED TO RESULT IN NET CASH PROCEEDS OF APPROXIMATELY £248.5 MILLION​.