Covent Garden is a world-class destination in the heart of London’s West End which attracts over 40 million visitors a year. Since Capco’s acquisition of the 1 million square foot estate in 2006, it has spearheaded the transformation of the neighbourhood by introducing over 100 new brands, including global brands Apple, Balthazar, Chanel, Burberry and Dior in addition to upcoming openings from SushiSamba and Petersham Nurseries. The district is a vibrant traffic-free shopping, dining and cultural destination providing unique retail experiences for its customers.
Websters has been instructed by Capco to carry out an annual independent Accountants’ Review of all the associated service charges.
Covent Garden’s name originates from one of the first occupants of the land which were the monks of St. Peter’s at Westminster who used it as their ‘Convent Garden’ as early as the 1500s. The land changed hands several times and was generally unused until 1630 when the 5th Earl of Bedford with the support of King Charles I commissioned Royal Architect Inigo Jones to convert his estate into the first public square in the country.
The area survived the plague and the great fire of London to become one of the biggest and most popular markets. A campaign in the 1970’s stopped plans to demolish and redevelop the area and in 1980 Covent Garden re-opened as Europe’s first speciality shopping centre.