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8 Oct 2014 07:00
8 October 2014
Capital & Regional plc
Q3 Mall Property Valuation
Capital & Regional plc ('C&R') today announces that the Mall portfolio property valuation as at 30 September 2014 was as follows:
Valuation of properties at 30 September 2014 | Valuation of properties at 30 June 2014 | Valuation movement in the period | Net initial yield at 30 September 2014 |
£723,000,000
|
£705,200,000
|
2.5% |
6.36% |
Commenting on the valuation Hugh Scott-Barrett said:
"It is encouraging to see a further increase in valued income in the third quarter which, when combined with yield compression of 12 basis points, has contributed to the 2.5 per cent. increase in Mall property values in the period."
- ENDS -
For further information:
Capital & Regional: | Tel: 020 7932 8000 |
Hugh Scott-Barrett, Chief Executive | |
Charles Staveley, Group Finance Director | |
FTI Consulting | Tel: 020 3727 1000 |
Stephanie Highett Richard Sunderland Claire Turvey |
Notes to editors:
About Capital & Regional plc
Capital & Regional is a specialist property company with a strong track record of delivering value enhancing retail and leisure asset management opportunities across a £1.2 billion portfolio, primarily in town centre shopping centres.
Capital & Regional is the principal investor and Property and Asset Manager for the Mall Fund.
Capital & Regional & Ares Management (formerly known as AREA Property Partners) each hold a 50% interest in a German retail property portfolio which is managed by Garigal Asset Management GmbH, in which Capital & Regional holds a 30% interest.
Capital & Regional also has a number of other joint ventures.
For further information see www.capreg.com
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