Disposal

RNS Number : 6158H

Capital & Regional plc

24 February 2010

 

24 February 2010

CAPITAL & REGIONAL PLC:

SALE OF ABERDEEN SHOPPING CENTRE

Capital & Regional plc, the co-investing property asset manager, today announces that the Mall Fund has completed the sale of Aberdeen Shopping Centre to a client of Rockspring Property Investment Managers LLP for a price of £47.4m reflecting a deemed initial yield of 7.9%.

The valuation of the centre at 31 December 2009 was £46.0m.

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

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;0207 379 5151

 

END

 

 

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