Update statement re fire in The Mall, Walthamstow

RNS Number : 4232G

Capital & Regional plc

23 July 2019

 

CAPITAL & REGIONAL PLC ("Capital & Regional" or "the Company")

UK company number 01399411

LSE share code: CAL

ISIN: GB0001741544

LEI: 21380097W74N9OYF5Z25

Update statement relating to fire in The Mall, Walthamstow

Following its announcement of 22 July 2019, Capital & Regional today provides an update relating to yesterday's fire incident in The Mall, Walthamstow:

The fire at The Mall was effectively brought under control yesterday afternoon and we are enormously grateful to the London Fire Brigade for their efforts in achieving this. The site is currently being examined by the Fire Brigade, Police and representatives of Walthamstow Council. Once this process is complete, and working alongside our insurers, we will be given access to the site to undertake a thorough assessment of the damage, what work is required to make reparations and whether parts of the centre can be opened in advance of commencement of these works. 

Our aim is to commence these initiatives as soon as practicably possible and will provide a further update once they are concluded, but we cannot speculate on when that will be at this stage.  The centre is fully insured for both replacement and loss of income, consistent with our policy across the portfolio.

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For further information:

Capital & Regional:	Tel:  [phone]
Lawrence Hutchings, Chief Executive
FTI Consulting:	Tel: [phone]
Richard Sunderland Claire Turvey [e-mail]

About Capital & Regional plc

Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering significant value enhancing retail and leisure asset management opportunities across its c. £1 billion portfolio of in-town, dominant community shopping centres.

Capital & Regional owns seven shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton, Maidstone, Walthamstow and Wood Green. Capital & Regional manages these assets through its in-house expert property and asset management platform.

For further information see www.capreg.com.

 

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