Disposal

RNS Number : 2042I

Capital & Regional plc

08 March 2010

 

8 March 2010

CAPITAL & REGIONAL PLC:

SALE OF ST GEORGE'S SHOPPING CENTRE PRESTON

Capital & Regional plc, the co-investing property asset manager, today announces that the Mall Fund has completed the sale of  St George's Shopping Centre Preston to Aviva Investors Property Trust for a price of £87m reflecting a deemed initial yield of  7.64%.

The sale price reflects a premium to the 31 December 2009 valuation.

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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