Suitors such as Berkeley Group are eyeing the Earls Court site owned by Capital & Counties, the troubled FTSE 250 property developer, after it announced plans to spin off the west London regeneration scheme into a separate listing.
CapCo said last week that the separation of the £800m luxury housing development from the company’s £2.5bn interests in central London’s Covent Garden would allow investors “to . . . participate in both businesses, which have distinct risk and reward profiles and capital requirements”.
CapCo said the Earls Court side would be run by Gary Yardley, its development director, and the Covent Garden side by chief executive Ian Hawksworth.
