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London landlord potential excitements? Yawn…I still prefer investment world gold

By Chris Bailey of Financial Orbit | Sunday 8 May 2022


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I read in the Sunday press that West End landlords Capco (CAPC) and Shaftesbury (SHB) are in talks about a £3.5 billion merger. Of course many will highlight some combination of their discounts to book value and how exciting it would be to bring together the owners of “landmarks including Covent Garden and Carnaby Street”. My personal view is that if I never see Covent Garden or Carnaby Street ever again that will be no great loss, but maybe lots of other people have a different view. 

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