Capital & Regional Regulatory News (CAL)

17 Nov 2005 11:43

Capital & Regional plc17 November 2005 17 November 2005 CAPITAL & REGIONAL PLC: £27.75 MILLION INDUSTRIAL ESTATE SALE Capital & Regional plc, the co-investing property asset manager, has todayannounced that following the exchange of contracts for the acquisition of the T3portfolio from AXA and Warner Estates for £96m, it has exchanged contracts forthe subsale of 10 industrial estates to CBRE Investors for £27.75m. Strutt &Parker acted for CBRE Investors. Andrew Lewis-Pratt, a Director of Capital & Regional plc, comments, "This sub sale enables us to focus on the trade park sector of the portfoliowhere we see the greatest opportunities for our team to add value" Notes to editors: About Capital & Regional plc Capital & Regional is the co-investing asset manager which specialises in towncentre shopping centres, out of town retail parks, and urban entertainmentcomplexes. Capital & Regional founded the Mall and Junction Funds in conjunction withMorley Fund Management. It also founded the X-Leisure fund with HermesInvestment Management Limited, and has a number of other joint ventures anddevelopments. Its shares are quoted on the London Stock Exchange. For further information see www.capreg.com - ENDS - Capital & Regional plc:Martin Barber, Chief Executive Tel. 020 7932 8101 Redwood Consulting:Pia Choudhury Tel: 020 7224 4300 gcg hudson sandlerMichael Sandler / James Benjamin Tel: 020 7796 4133 This information is provided by RNS The company news service from the London Stock Exchange