trending Market Intelligence /marketintelligence/en/news-insights/trending/yox7ny1uwg8rtq6vqkzbva2 content esgSubNav
In This List

Capital & Counties JV exchanges £66M contracts for London apartments

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Capital & Counties JV exchanges £66M contracts for London apartments

Capital & Counties Properties Plc said its Lillie Square joint venture has exchanged contracts to sell all 49 apartments and 31 parking spaces at 9 Lillie Square in its Lillie Square development in London for roughly £66 million.

An international investor agreed to buy the apartments in Phase 2 of the Lillie Square scheme and paid £6.6 million upon exchanging contracts, of which Capital & Counties' share is £3.3 million.

Another 10% of the total consideration will be paid in 12 months and the remainder will be paid upon completion.

Central London focused property investor and developer Capital & Counties noted that 142 of the total 186 units in Lillie Square Phase 2 have now been reserved or exchanged.

The Lillie Square joint venture is between Capital & Counties and interests of certain members of the Kwok family, who are major shareholders of Hong Kong-listed Sun Hung Kai Properties Ltd.