Disposal

RNS Number : 0252E

Capital & Regional plc

14 December 2009

 

14th December 2009

CAPITAL & REGIONAL PLC:

SALE OF ABERDEEN AND SLOUGH

BY THE JUNCTION FUND

Capital & Regional plc, the co-investing property asset manager, today announces that the Junction Fund has sold Kittybrewster Retail Park in Aberdeen and Slough Retail Park, Slough to Fund Managers Threadneedle Property Investments Ltd, for a price of £81.74m.

This price equates to an NEY of 6.7%.

The combined valuations of the assets as at 30 September 2009 was £79.34m.

Completion of the sale will take place on 18th December 2009.

Capital & Regional has an interest of 13.4% in the Junction Fund.

For further information

Capital & Regional:

Charles Staveley, Group Finance Director    Tel: [phone]

Maitland:

Martin Leeburn/Emma Burdett                     Tel: [phone]

 

END

 

 

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