Brexit Hits London Luxury Homes With Earls Court Writedown

Updated on
  • Capital & Counties writes down land in the district by 14%
  • Company’s shares decline by as much as 5.3% in London trading

Capital & Counties Properties Plc wrote down the value of its land holdings in London’s Earls Court district by 14 percent, the latest signal that luxury-home values will probably fall following the vote for Brexit. The shares fell as much as 5.3 percent.

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