Capco receives milestone payment for Seagrave Road
London property specialist Capital and Counties Properties (Capco) has completed the creation of a 50:50 joint venture (JV) with some members of the Kwok family, meaning the development in and around the Seagrave Road site in on track to begin next year.
London property specialist Capital and Counties Properties (Capco) has completed the creation of a 50:50 joint venture (JV) with some members of the Kwok family, meaning the development in and around the Seagrave Road site in on track to begin next year.
The Kwok family are major shareholders of Sun Hung Kai Properties, one of the largest real estate firms listed in Hong Kong.
On completion of the JV, Capco received a cash consideration of around £67m from the Kwok family for its 50% share.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Ian Hawksworth, Chief Executive of Capco said: "We are pleased to have completed our joint venture agreement in relation to the Seagrave Road project and look forward to starting on site in 2013 to create this exciting new residential quarter for London."
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”