Completion of disposal of German investments

RNS Number : 5415E

Capital & Regional plc

10 February 2015

 



10 February 2015

Capital & Regional plc

Completion of disposal of German investments / Notice of full year results

Further to its announcement on 29 December 2014, Capital & Regional plc (the "Company") today confirms the completion of the sale of its 50/50 German joint venture with a real estate fund managed by Ares Management, LP to clients and funds under management of Rockspring Property Investment Managers.  Proceeds are in line with those disclosed in the 29 December 2014 announcement. Further detail will be provided in the Group's Annual Results.

The Company also announces that it will report its full year results to 30 December 2014 on 4 March 2015.  There will be a presentation for analysts on the morning of the results. For details of the meeting, please contact FTI Consulting.

- ENDS -

For further information:

Capital & Regional:	Tel:  [phone]
Hugh Scott-Barrett, Chief Executive
Charles Staveley, Group Finance Director
FTI Consulting	Tel: [phone]
Richard Sunderland Claire Turvey [e-mail]

Notes to editors:

About Capital & Regional plc

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

Capital & Regional owns the six Mall shopping centres in Blackburn, Camberley, Luton, Maidstone, Walthamstow and Wood Green and it has a 20% joint venture interest in the Kingfisher Centre in Redditch.  Capital & Regional manages these assets, which comprise 880 retail units and attract c. 1.6 million shopping visits each week, through its in-house expert property and asset management platform.

For further information see www.capreg.com.

 

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