CMA clears Capco/Shaftesbury merger

22nd Feb 2023 07:58

(Sharecast News) - West End landlords Capital & Counties and Shaftesbury said on Wednesday that the Competition and Markets Authority has cleared their Â£3.5bn merger.

The merger is now expected to complete on 6 March.

The companies announced last June that they had agreed an all-share merger that would create a combined group with a portfolio valued at around Â£5bn.

The combined group's portfolio will comprise approximately 670 predominantly freehold buildings with around 2.9m square feet of lettable space across 2,000 commercial and residential units.

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