British real estate firms Capital & Counties Properties and Shaftesbury Plc said they were in advanced talks on a merger that would bring such London tourist destinations as Covent Garden and Soho under one umbrella.
said they were in advanced talks on a merger that would bring such London tourist destinations as Covent Garden and Soho under one umbrella.
They did now give a value for the deal. Sky News reported the merged businesses would have a valuation of 3.5 billion pounds .The companies said the merger would create a real estate investment trust focussed on London's West End with a portfolio of some 2.9 million square feet "in high-profile destinations including Covent Garden, Carnaby, Chinatown and Soho".
The potential deal comes as London has started to pick up from pandemic lows and travellers get back on planes with easing of COVID-19 quarantine rules after nearly two years.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.K. Relaxes COVID Production Protocols: Supervisors, Social Distancing Are Out, Buffets Are Back (EXCLUSIVE)The British Film Commission (BFC) has issued new guidance on COVID production protocols and no doubt the U.K. screen industry will breathe a sigh of relief. The overhauled guidance, which was draft…
Read more »
Britain's Conservatives confident on N. Ireland's future in UKThe co-chair of Britain's ruling Conservative Party Oliver Dowden said he was confident his party could make the case for Northern Ireland remaining part of the United Kingdom in any future vote on unification with Ireland.
Read more »
UK PM Johnson loses control of key London stronghold of WandsworthBritish Prime Minister Boris Johnson's Conservative Party lost control on Friday of the traditional stronghold of Wandsworth borough in London for the first time in 44 years in local elections in England.
Read more »
Some COVID cases can result in brain damage, UK researchers sayA team of researchers from the University of Cambridge and Imperial College London in the U.K. is discovering, that for some people, the effects of the virus on the brain can be devastating.
Read more »
Putin ramps up costly Mariupol offensive for 'symbolic' May 9 victory: U.K.The Russian president is likely to 'desire to have a symbolic success in Ukraine' before the upcoming May 9 Victory Day commemorations, the U.K. said.
Read more »
Rylan Clark angers Eurovision bosses by taking UK singers drinking before finalRylan is one half of the semi final commentators for the UK alongside Scott Mills – and has been told off for his tradition of taking UK singers out for drinks in the run up to the live final
Read more »