Capital & Counties Properties PLC (Capco) is a leading UK property company focused on acquiring, developing and managing properties. It is also registered in South Africa as an external company. Capco shares are listed for sale on both the London and Johannesburg Stock Exchange (JSE) and the company is a constituent of the FTSE 250 Index.

The company aims to buy into assets held directly or through joint ventures. Capco‘s portfolio of properties is one of the most diverse in London and is mainly concentrated on three signature estates in West London and the West End. Covent Garden is a world-class retail, residential, restaurant and office complex covering 1 million square feet, with a total value of £2 billion. Currently in its development phases, Earls Court is the largest regeneration opportunity in Central London, and will eventually encompass 7500 new homes with a cumulative value of £1.2 billion. Capco also runs a high-end conference, exhibitions and events business at their venue Olympia London. The venue is worth £295 million and holds more than 220 events per year.

Through a combination of effective asset management, strategic investment and development, Capco share price has achieved remarkable performance since listing as an independent company. Covent Garden has achieved good buy in from top-name long-term tenants and new leases and renewals are on the increase. Rental growth is driven by granular asset management, acquisitions and selective development.

The Earls Court project is one of the most exciting and important regeneration programmes in London. A prime location adjacent to some of the city’s most desirable residential districts, as well as excellent transport links, should make this housing development extraordinarily popular and contribute hugely to Capco’s bottom line and attractiveness to buy Capco shares. The first phase of homes at Lilies Square sold out within two months, but sales have been relatively slow since in the face of a more uncertain property sector.

The live online stocks chart shows that Capco share price slumped recently due to concerns about reduced demand and an oversupply of residential properties in London, which caused sales at Earls Court to slow. By June 2016, Capco share price had shown a 16% decrease from the previous year. The London property market is currently experiencing a slowdown, particularly in terms of prime property in Central London, which has resulted in falling prices. This is bad news for the new Earls Court development and Capco, and the trend is forecast to persist for at least the next year.

Covent Gardens and Olympia London are however holding their own and continuing to reap profits, which bodes well for investors who buy Capco shares. Once the property slowdown inevitably ends, Capco should begin reaping dividends. Capco shares could therefore be viewed as an undervalued buy at present, but investors who purchase them will need to be patient.

Financials

Real Estate

Real Estate Owners & Developers

We have made it simple to buy JSE listed firm shares online.

1. Open a FREE Trading Account here
2. Verify account via email or phone number.
3. Set up 2FA (Two Factor Authentication)
4. KYC your profile to get verified.
5. Explore and get acquainted with the trading dashboard.
6. Deposit fiat into your trading account.
7. Invest and trade in stocks that you want in your portfolio.

Buying JSE shares has never been this convenient and easy. #myfirstshare

View more JSE shares for sale – here.