Fund Disposal

RNS Number : 4863N

Capital & Regional plc

11 June 2010

 



11 June 2010

CAPITAL & REGIONAL PLC:

SALE OF THE EXCHANGE SHOPPING CENTRE ILFORD

Capital & Regional plc, the co-investing property asset manager, today announces that the Mall Fund has completed the sale The Exchange Shopping Centre Ilford to M B Roding (Guernsey) Limited for a price of £70.6m reflecting a net initial yield of 7.8%.

The sale price reflects a premium of £1.1m to the 31 March 2010 valuation.

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

 

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