Sale of interest in Earl’s Court and Olympia

Sale of interest in Earl’s Court and Olympia

February 8, 2010

Coffer Corporate Leisure is pleased to have provided advice in respect of the sale of a substantial interest in west London landmark conference and exhibition centre Earl’s Court and Olympia to Capital & Counties, a Liberty International subsidiary.

The deal gives Capital & Counties 100% ownership of EC&O and will allow the company to push forward with the plans to create one of the capital’s largest mixed-use schemes of up to 17m sq ft.

The EC&O venues, which made an operating profit of around £20m in 2008, was bought for £245m in 2004 by the private entrepreneurs behind St James’ Capital. A 50% stake was then sold to CapCo in July 2007 with the remaining stake sold in this latest transaction.