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Monday, October 21, 2019

Developer Nick Candy considers takeover of Capital & Counties

Candy’s investment vehicle may buy all of £2.3bn owner of Earl’s Court and Covent Garden sites

Multimillionaire property developer Nick Candy is considering a takeover bid for Capital & Counties (Capco), the FTSE-250 real estate company that owns much of Earl’s Court and Covent Garden in London.

Candy, 46, who developed the luxury One Hyde Park residential and retail complex in Knightsbridge with his brother, Christian, said his investment vehicle Candy Ventures was in “the early stages of considering” buying all of the shares of 85-year-old Capco.

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from Property | The Guardian https://ift.tt/2N3zwfF
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