Over 80% of the units (154 of the 186) in Phase 2 have now been reserved or exchanged, 66 of these transacted in 2018, including the exchange of contracts with an international investor for all 49 apartments and 31 parking spaces at ‘9 Lillie Square’, one of the four blocks within Phase 2. Total consideration for this transaction will be approximately £66 million (£33 million Capco share). Pricing was in line with Phase 2 sales to date at a modest premium to comparable units in Phase 1. The main construction contract for Phase 2 was awarded in June 2018. Completion of construction and hand over of sold units is
expected in 2020.
Source: CAPITAL & COUNTIES PROPERTIES PLC AUDITED PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018 capitalandcounties.com