Capital & Counties resumes its interim dividend distribution
Edward West edward.west@inl.co.za UK-BASED Capital & Counties (Capco) has recommenced dividend distributions with a 0.5 pence per share distribution for the six months to June 30 after UK Covid-19 government restrictions were lifted and retail and hospitality customers fully reopened.
Rent collection improved in the first half for the group that holds most of its assets in Covent Garden in London, and 65 percent of June quarter had been collected adjusted for payment plans.
Customer support was being provided on a case-by-case basis and was expected to reduce with easing of restrictions.
The total property value of £1.8 billion (about R37bn) represented a 5.1 percent decrease (like-for-like) from the value at the end of December 2020.
Net rental…
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Cape Times (Digital) - 1 Issue, 2021-07-28