Disposal

RNS Number : 0907S

Capital & Regional plc

03 September 2010

 

3 September 2010

CAPITAL & REGIONAL PLC:

SALE OF ST ANDREWS QUAY RETAIL PARK, HULL

Capital & Regional plc, the co-investing property asset manager, today announces that The Junction Fund has completed the sale of St Andrews Quay Retail Park, Hull to Threadneedle Strategic Property Fund at a price of £81.9m, reflecting a net initial yield of 6.98%.

The valuation of St Andrews Quay Retail Park, Hull as at 30 June 2010 was £80.32m.

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

- ENDS -

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: [phone]

 

END

 

 

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