The residential component at Floral Court has been well received and all the 16 heritage apartments are now let. The strong buyer demand for the new build collection with £19 million of sales proceeds was received by year end with a further £12 million secured since 31 December 2018.
Source: CAPITAL & COUNTIES PROPERTIES PLC AUDITED PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2018 capitalandcounties.com
27/02/2019 09:35 by Buildington
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11/10/2018 08:58 by Buildington
Development of Floral Court completed in July, reports CAPCO.
Floral Court, which is Capco’s largest development to date at Covent Garden, provides over 85,000 square feet (NIA) of space with eight retail and two restaurant units as well as 45 apartments. The new connecting courtyard between Floral Street and King Street is now open, improving the pedestrian flow on the northern side of the estate. Over 75 per cent of the lettable space has now been contracted securing £3.8 million of ERV.
The residential component of Floral Court comprises 16 heritage apartments on King Street and Rose Street and 29 new apartments on Floral Street. The entire heritage component has been leased and the new build residential units are being prepared for sale.
Source: CAPCO Interim Results for the six months ended 30 June 2018 capitalandcounties.com
25/07/2018 13:38 by Buildington
The development of Floral Court nears completion, reports CAPCO in the company's latest financial report.
Floral Court will provide over 85,000 sq ft of space with eight retail and two restaurant units as well as 45 apartments. A new connecting courtyard between Floral Street and King Street is set to open in the coming months which will transform the pedestrian flow on the estate. 65% of the
commercial space has been let representing £2.4 million of income.
Anchored by Petersham Nurseries, the courtyard is expected to open in the coming months and will improve the circulation of pedestrian flows on the northern part of the estate.
The residential component, comprising 45 new apartments, is expected to complete by summer 2018.
Via Capital and Counties Properties Plc. Preliminary results for the year ending 31 December 2017.
21/02/2018 14:20 by Buildington
The Kings Court and Carriage Hall developments are progressing well and are on track for completion in 2017, reports developer CAPCO.
The schemes will create a new connecting passage between Long Acre and King Street transforming pedestrian flow and unlocking the placemaking opportunity on Floral Street. The expected total development cost of Kings Court and Carriage Hall is £100 million.
At Kings Court, a significant pre-let has been agreed with Petersham Nurseries, the world-renowned lifestyle brand which will occupy over 16,000 square feet (NIA), creating new bespoke retail and dining concepts across four units. Covering approximately 60 per cent of the commercial space at Kings Court, the pre-let significantly de-risks the scheme and begins the repositioning of Floral Street.
Source: Capital & Counties Properties Plc Interim Results for the six months ended 30 June 2016
26/07/2016 12:26 by Buildington
The development of Kings Court is underway following works which started in autumn 2014.
The scheme, which is Capco’s largest development to date at Covent Garden, will transform pedestrian flow in the area between Floral Street and King Street, creating a new connecting passage between the two streets. The entire scheme, including Carriage Hall, will provide over 100,000 square feet (Net Internal Area), including over 20,000 square feet of new space.
Kings Court will provide over 85,000 square feet (NIA) of space through 45 premium apartments as well as 8 retail and 2 restaurant units centred around a new public courtyard. Carriage Hall includes the refurbishment of 15,000 square feet (NIA) to create a flagship store. Plans include the provision of a double height covered atrium in what is currently a courtyard.
The Kings Court and Carriage Hall schemes are expected to complete by early 2017 and the total development cost is expected to be £85 - £90 million.
Source: CAPITAL & COUNTIES PROPERTIES PLC AUDITED PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2014 published 26.02.2015 www.capitalandcounties.com
26/02/2015 12:07 by Buildington