Disposal

Capital & Regional plc
23 April 2007



                                                                   23 April 2007


CAPITAL & REGIONAL PLC:

THE JUNCTION SELLS £34.25M BLACKPOLE RETAIL PARK, WORCESTER


Capital & Regional plc, the co-investing property asset manager, today announces
that The Junction has completed the £34.25m sale of its Blackpole Retail Park in
Worcester to Legal & General Investment Management.  This reflects a net initial
yield of 4.56% and an equivalent yield of 4.85%.

John Gatley, Managing Director of The Junction comments: "The sale of Blackpole
Retail Park continues the rebalance of our portfolio and follows our £105m
purchase in October 2006 of Morfa Shopping Park in Swansea.  We continue to
focus our attention on our significant development and refurbishment pipeline
across our 15 retail parks".

Tenants on the 88,722sq ft bulky goods retail park include Carpetright, Comet,
Currys, Lidl, Pets at Home and recently opened, Paul Simon.  Blackpole Retail
Park is located to the north east of Worcester town centre off junction 6 of the
M5 Motorway.

Montagu Evans acted for The Junction in the transaction. Savills acted on behalf
of Legal & General Investment Management.


Notes to editors:


About Capital & Regional plc

Capital & Regional is the co-investing asset manager which specialises in town
centre shopping centres, out of town retail parks, and urban entertainment
complexes.

Capital & Regional founded the Mall and Junction Funds in conjunction with
Morley Fund Management.  It also founded the X-Leisure fund with Hermes
Investment Management Limited, and has a number of other joint ventures and
developments.  Its shares are quoted on the London Stock Exchange.

For further information see www.capreg.com



                                    - ENDS -

For further information:

Capital & Regional:
Martin Barber, Chief Executive            Tel. [phone]

Redwood Consulting:
Kate Hewson                               Tel:  [phone]

Maitland
Martin Leeburn                            Tel:  [phone]
Emma Burdett                              Tel:  [phone]




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