Capital & Counties Properties PLC
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Capital & Counties Properties PLC July 2018
Our assets
A central London focused property company
Covent Garden
100% Capco owned
Earls Court Properties
1
Earls Court
Partnership Limited;
an investment
vehicle with TfL,
Capco share 63%
2
Lillie Square
50:50
a joint venture
with KFI
CLSA Land
Capco has exercised
its option under
the CLSA to acquire
LBHF land
TfL
Lillie Bridge Depot
100% TfL owned
Consented
Earls Court Masterplan
1 1
2 2
Key Covent Garden Earls Court Properties LBH
Key Covent Garden Earls Court Properties L
100% Capco owned 1 2 3 Capco has
100% Capco owned 1 2 3 Capco h
its optio
its opt
The Earls Court Empress State Lillie Square the CLSA
The Earls Court Empress State Lillie Square the CLS
The landowners’ map above is indicative. Partnership Limited; 100% Capco owned 50:50 to thi
Partnership Limited; 100% Capco owned 50:50 to t
The Covent Garden area has been magnified x1.5 an investment joint venture
an investment joint venture
vehicle with TfL with KFI
vehicle with TfL with KFI
Capco share 63%
All figures relate to the period ended 30 June 2018 and represent Capco’s share of value. Capco share 63%
The business Capital & Counties Properties PLC
15 Grosvenor Street,
London W1K 4QZ
Telephone +44 (0)20 3214 9150
feedback@capitalandcounties.com
www.capitalandcounties.com
Capco — H1 2018
Total property value £3.3bn Weighted average cost of debt 2.9%
LTV 17% Weighted average debt maturity 6.5 years
Group undrawn facilities & cash £886m
Covent Garden Earls Court Properties
78 buildings 514 units Consented development space (GEA)
Lettable area 1.2m sq ft
Occupancy 97%
Earls Court Partnership
Limited (63:37 Capco:TfL) 3.6m sq ft 1
ERV £107m
CLSA option 2
3.6m sq ft
ERV target by Dec 2020 £125m
Lillie Square (50:50 Capco:KFI) 1.0m sq ft
Gross income £64m
1
Area includes 0.2m sq ft relating to Empress Place (currently not consented)
2
Option exercised in 2013
All figures relate to the period ended 30 June 2018 and represent Capco’s share of value.
The information in this document is believed to be correct but is intended for guidance only and its accuracy is not
guaranteed. It does not constitute an offer and must not be relied upon as a representation of facts or as otherwise
forming the basis of a contract. Specific professional or specialist advice should be obtained before doing anything on
the basis of the content of this document. Capital & Counties Properties PLC assumes no responsibility and shall not
be liable to any person for any loss, damage or expense caused by reliance on the information in this document.
END
A IL
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All figures relate to the period ended 30 June 2018 and represent Capco’s share of value. The landowners’ map above is indicative. STRAND For further information go to www.coventgarden.london
Earls Court Properties For further information go to:
www.myearlscourt.com
www.lilliesquare.com
The Earls Court Masterplan J O URNEY TIMES *
Knightsbridge 5 minutes
Key facts Indicative landowners’ map of
Hyde Park Corner 7 minutes
St Pancras Intl (Eurostar) 19 minutes
the Earls Court Opportunity Area Heathrow Airport 36 minutes
Value WEST KENSINGTON
ECPL £519m VILLAGE KENSINGTON *Source: Tf L Journey Planner
A4 West C
ro mwel
l Roa
Lillie Square £148m d ROYAL BOROUGH OF
KENSINGTON & CHELSEA
Other £40m
WEST KENSINGTON
Wa
£707m
rw
EARL’S COURT
ick
Roa
WEST KENSINGTON
Earls Court Masterplan
d
EARLS COURT
Consented Development Space VILLAGE
(GEA)
Road
EARLʼS COURT
1
sq ft Nor th End
IG HS
TR EE
T
1 THE H
ECPL 3.6m
2
CLSA 3.6m 2
3 WEST BROMPTON
LBD 2.6m Lillie Road
WEST BROMPTON
Total 9.8m LONDON BOROUGH OF
HAMMERSMITH & FULHAM
NORTH END
WEST BROMPTON
VILLAGE
VILLAGE
1 1 Earls Court Partnership Limited
Area includes 0.2m sq ft relating to Empress Place (63:37 Capco:TfL)
(currently not consented) 3
2
2 Empress State Building (100% MOPAC)
Lillie Square (50:50 Capco/KFI) LILLIE SQUARE CHELSEA
Land subject to CLSA between Capco and LBHF 3
3 LBHF Estates (Land subject to CLSA)
Lillie Bridge Depot – currently an operational depot
owned by TfL
Lillie Bridge Depot (100% TfL) FULHAM
Earls Court Site 2018. Lillie Square Phase 1, complete. Lillie Square Phase 2, main construction has commenced.
All figures relate to the period ended 30 June 2018 and represent Capco’s share of value.
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