Capital & Regional Regulatory News (CAL)

3 Mar 2006 14:42

Capital & Regional plc03 March 2006 3 March 2006 CAPITAL & REGIONAL PLC: THE MALL SELLS REDHILL AND BRADFORD The Mall Fund, the Capital & Regional and Morley managed specialist shoppingcentre fund, announces that it has sold two of the four centres acquired fromPrudential on satisfactory terms. The centres, at Bradford and Redhill, are thesmallest of the four. The remaining two, at Uxbridge and Luton, offersignificant potential for the Mall's active management approach. - ends - 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 About The Mall The Mall is the leading owner and operator of community shopping centres in theUK. The Mall currently has assets of £2.79 billion in 23 shopping centres,establishing The Mall as the UK's community shopping centre brand. The MallFund is a specialist property fund managed by Capital & Regional and Morley FundManagement. For further information see: www.themall.co.uk About Morley Fund Management Morley Fund Management is the largest UK-based active fund manager, with totalfunds under management of £155 billion. It has offices in London, Melbourne,Dublin, Warsaw, Boston, Milan and Madrid and employ more than 200 investmentprofessionals. The property team manages in excess of £23 billion of UK andEuropean property assets, making Morley the largest property fund manager inEurope. Winners of the high profile Property Week Fund Manager of the Year Award 2004and the UK Pensions Awards Property Fund Manager of the Year 2005, the teamconsists of 70 investment professionals and manages a range of funds on behalfof institutional, pension and retail clients. Morley has been at the forefrontof innovation in property fund management and has launched eleven specialistsector based funds with partners, including the Jersey-based Unit Trusts: IglooRegeneration Fund, Quercus Healthcare Property, The Junction and The Mall. For further information see: www.morleyproperty.com - ENDS - For further information:Capital & Regional:Ken Ford, CEO The Mall Tel. 020 7932 8101 Redwood Consulting:Paul Haines Tel: 020 7224 4300Liz D'Oliveira 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