 | |
| Company type | Public |
|---|---|
| Traded as | LSE: CAL |
| Industry | Property |
| Founded | 1979 |
| Headquarters | London, UK |
| Key people | Hugh Scott-Barrett, Chairman Lawrence Hutchings, CEO |
| Revenue |  £59.0 million (2023) |
| Operating income |  £9.5 million (2023) |
| Net income | £3.7 million (2023) |
| Website | www.capreg.com |
Capital & Regional plc is a large British manager of property assets - mainly shopping centres - for funds in which it has a significant stake.
History
The company was founded in 1979 as Capital & Regional Properties. It was floated on the Unlisted Securities Market in 1986. In 1993 it acquired the Trinity Shopping Centre in Aberdeen and in 1994 the Eldon Garden Shopping Centre in Newcastle upon Tyne. In 1997 it went on to buy the Sauchiehall Shopping Centre in Glasgow and in 1998 the Pallasades Shopping Centre in Birmingham.
In 2001 it established the Mall Fund and the Junction Fund with Morley Fund Management and in 2008 the company commenced negotiations for extra funding for the Mall Fund.
In September 2024, the company accepted a takeover offer from NewRiver worth £147 million.
Structure
The company has two divisions:
- Earnings business - property management
- Assets business - fund investing
References
- ^ "Annual Results 2023" (PDF). Capital & Regional. Retrieved 30 April 2024.
- Connon, Heather (6 May 1993). "Capital & Regional buys Aberdeen shop complex". The Independent. Retrieved 10 May 2016.
- "Capital and Regional buys shopping centre". Financial Times. 1994. Retrieved 27 April 2018.
- "Capital & Regional takes asset hit". Citywire. 20 March 2001. Retrieved 27 April 2018.
- "£93.8m acquisition of the Pallasades Shopping Centre, Birmingham from Fordgate". The Lawyer. 13 April 1998. Retrieved 27 April 2018.
- "Capital & Regional's Mall fund needs £300m". The Telegraph. 16 May 2008. Retrieved 27 April 2018.
- "NewRiver REIT agrees to acquire Capital & Regional - deal values it at approximately £147m". Insider Media. 24 September 2024. Retrieved 5 December 2024.