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Evening Standard
Evening Standard
Business
Jonathan Prynn

Capco and Shaftesbury create new West End titan in £5 billion merger

Carnaby Street is one of the most famous names in Shaftesbury’s portfolio

(Picture: Pexels)

The biggest shake-up of the property landscape of the West End for a generation was underway today when two of its biggest players Capital & Counties and Shaftesbury agreed a £5 billion merger.

The all share deal will create a new company to be called Shaftesbury Capital with a portfolio of 670 mainly freehold buildings with around 2.9 million sq ft of lettable space across 2,000 commercial and residential units.

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