Issue 2010 August 17th

This issue was created on 2010-08-17 09:10:00

  • C&R Mall Fund ready to acquireAugust 17, 2010
Capital & Regional says it is ready to look for strategic acquisitions again after its Mall Fund joint venture completed the sale of four shopping centres to clients of Rockspring Property Investment Managers for euro 165m. C&R said the deal reflected a net initial yield of 7.5%. The assets were sold at a premium of 6% to their latest appraised value of GBP 128m at end-June 2010.
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