Disposal

RNS Number : 0865R

Capital & Regional plc

16 August 2010

 

16 August 2010

CAPITAL & REGIONAL PLC:

COMPLETION OF SALE OF FOUR SHOPPING CENTRES

Capital & Regional plc, the co-investing property asset manager, today announces that The Mall Fund has completed the sale of 4 shopping centres to clients of Rockspring Property Investment Managers at a price of £135.9m, reflecting a net initial yield of 7.5%.

The valuation of these properties as at 30 June 2010 was £128.1m

The centres involved are:-

The Eastgate Shopping Centre, Gloucester

The Marlands Shopping Centre, Southampton

The Liberty 2 Shopping Centre, Romford

The Howgate Shopping Centre, Falkirk

Capital & Regional has an interest of 16.7% in The Mall Fund.

- ENDS -

For further information :

Capital & Regional:                                         

Hugh Scott-Barrett, Chief Executive             Tel: [phone]

Charles Staveley, Group Finance Director   Tel: [phone]

Maitland:

Martin Leeburn/Emma Burdett                       Tel: [phone]

 

END

 

 

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