Capital & Counties at one-year high amid buyout interest

The share price of UK-focused landlord Capital & Counties Properties jumped 10% to a more than one-year high on Monday, following reports it was in the sights of luxury property developer Candy Ventures.

Capco outlook has been hit by the uncertainty around Brexit, with the company’s share price slumping 51.71% in 2016. Since the outcome of the Brexit referendum was announced on June 23 2016, the companys share price has lost a third of its value. “Retail property assets in the UK continue to be cheap but this is against an uncertain backdrop of Brexit and in some instances dividends either being reduced or not paid,” said Chetty.

wanting to list its Covent Garden estate, which had market valued at about £2.6bn at the end of June, as a UK real estate investment trust .

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