West End retail property giants press button on merger

Covent Garden reopening

Property companies Shaftesbury and Capco are to merge, bringing the control of some of central London’s best-known shopping districts under single ownership.

The pair will oversee districts including Covent Garden, Carnaby and Soho, which draw shoppers from the UK and overseas.

Capco said: “Their popularity provides a seven-days-a-week trading environment and exposure to an extensive and diverse local, domestic and international customer base, which has proven to be resilient throughout economic cycles.”

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