Capital & Counties Properties plc is a United Kingdom

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

-based property investment

Real estate investing

Real estate investing involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development...

 and development

Real estate development

Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...

 company which is focused on sites in the West

West (London sub region)

The West is a sub-region of the London Plan corresponding to the London Boroughs of Brent, Ealing, Hammersmith and Fulham, Harrow, Hillingdon and Hounslow. The sub region was established in 2004 and was adjusted in 2008 to include Kensington and Chelsea. The west has a population of 1.6 million and...

 and West End

West End of London

The West End of London is an area of central London, containing many of the city's major tourist attractions, shops, businesses, government buildings, and entertainment . Use of the term began in the early 19th century to describe fashionable areas to the west of Charing Cross...

 of London

London

London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

. It is listed on the London

London Stock Exchange

The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...

 and Johannesburg stock exchanges and is a constituent of the FTSE 250 Index

FTSE 250 Index

The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...

.

History

The company was demerged

Demerger

Demerger is a form of corporate restructuring in which the an entity's business operations are segregated into one or more components. It is the converse of a merger or acquisition....

 from the Real Estate Investment Trust

Real estate investment trust

A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...

 Liberty International

Liberty International

Liberty International plc was a British property investment company. It switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007...

 (now renamed Capital Shopping Centres Group

Capital Shopping Centres

Capital Shopping Centres Group plc is a United Kingdom-based Real Estate Investment Trust , largely focused on shopping centre management and development. Formerly named Liberty International plc, it changed its name to that of its major subsidiary in May 2010 after demerging its Capital & Counties...

) in May 2010, although it does not itself hold REIT status.

Operations

The firm's three principal estates are Covent Garden

Covent Garden

Covent Garden is a district in London on the eastern fringes of the West End, between St. Martin's Lane and Drury Lane. It is associated with the former fruit and vegetable market in the central square, now a popular shopping and tourist site, and the Royal Opera House, which is also known as...

, where it holds a property portfolio worth £548 million; EC&O Limited, a subsidiary which owns the Olympia

Olympia, London

Olympia is an exhibition centre and conference centre in West Kensington, on the boundary between The Royal Borough of Kensington & Chelsea and Hammersmith & Fulham, London, W14 8UX, England. It opened in the 19th century and was originally known as the National Agricultural Hall.Opened in 1886,...

 and Earls Court

Earls Court Exhibition Centre

The Earls Court Exhibition Centre is an exhibition centre, conference and event venue located in west London, United Kingdom in the Royal Borough of Kensington and Chelsea . It is the largest exhibition venue in central London. It is served by two underground stations, Earl's Court and West...

 venues; and Great Capital Partnership, a 50-50 joint venture

Joint venture

A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...

 with Great Portland Estates

Great Portland Estates

Great Portland Estates plc is a British property development and investment company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index...

 which invests in commercial property in the Regent Street

Regent Street

Regent Street is one of the major shopping streets in London's West End, well known to tourists and Londoners alike, and famous for its Christmas illuminations...

 and Piccadilly

Piccadilly

Piccadilly is a major street in central London, running from Hyde Park Corner in the west to Piccadilly Circus in the east. It is completely within the city of Westminster. The street is part of the A4 road, London's second most important western artery. St...

 areas.

The American investment firm Capital and Counties USA was previously part of the Capital & Counties business unit within Liberty International, but this now forms part of Capital Shopping Centres Group as of the Liberty demerger.

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