Covent Garden was bedecked in Union flags during the Platinum Jubilee
(Picture: Paul Grover)Capital & Counties, one of the biggest landlords in the West End, has said the area has shown “remarkable resilience” but that it is not immune from “macroeconomic and political headwinds”.
The real estate investment trust, which is in the process of a £5 billion merger with fellow London landlord Shaftesbury, pointed to Covent Garden, where “high occupancy levels” and “excellent demand” helped leasing activity rise 9% in the six months to the end of June. Capco’s total property value rose 4.5% to £1.9 billion.
