Disposal

RNS Number : 0131C

Capital & Regional plc

26 August 2008

 



26 August 2008

CAPITAL & REGIONAL PLC

welcomes agreement to sell the Junction Fund's 
Templars Retail Park in Oxford

Capital & Regional plc, the co-investing property asset manager, today announces that the specialist retail park fund, The Junction, has exchanged contracts for the sale of Templars Retail Park, in Oxford, for £57 million. Capital & Regional is the asset manager of the Junction and held 27.3% of the fund's units at the end of July.  

A subsidiary of Resolution Properties bought Templars Park at a net initial yield of 5.68% at the purchase price.  

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For further information:

Capital & Regional:

John Gatley, Managing Director, The Junction                                          Tel: [phone]

Maitland                                                                                                    Tel: [phone]

Martin Leeburn / Emma Burdett 

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 

 

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