Acquisition

7 Feb 2005 07:00

Capital & Regional plc07 February 2005 7 February 2005 CAPITAL & REGIONAL PLC: THE MALL ACQUIRES MAIN SQUARE, CAMBERLEY 22 MALLS NOW UNDER OWNERSHIP Capital & Regional plc, the co-investing property asset manager, today announcesthat The Mall has acquired Main Square Shopping Centre in Camberley, Surrey,from Prudential-owned Scottish Amicable Life Assurance Society, for in excess of£130 million. Scottish Amicable is also making a further investment in The MallFund as part of this transaction. The Mall's £2.25 billion portfolio will now comprise 22 Malls providing a totalof more than 7.35 million sq ft of retail floor space. More than 4.76 millionshoppers will be welcomed through its doors every week. Main Square in Camberley comprises 33,444 sq m (360,000 sq ft) on one level andhas over 100 stores including House of Fraser's Army & Navy Department Store,Boots, Next, Virgin, Sainsburys and Monsoon and over 1,000 car parking spaces. Ken Ford, Chief Executive of The Mall comments "We are delighted to acquire MainSquare, Camberley, in an off market deal. It complements our growing portfolioand brand of community shopping centres across the UK". Note 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. Following the Camberley acquisition The Mall now has assets of over £2.25billion in 22 shopping centres and has plans to grow assets to 30 centres,establishing The Mall as the UK's community shopping centre brand. Capital &Regional and Morley Fund Management set up The Mall Fund in 2002. For further information visit: www.themall.co.uk About Morley Fund Management Morley Fund Management ('Morley') is a London based, asset management businesswith over £128 billion* under management. The property team manages in excess of£15.4 billion of UK Property assets, making Morley one of the largest propertyfund managers in the UK. Winners of the high profile Property Week Fund Managerof the Year Award 2004, the team consists of 60 investment professionals andmanages a range of funds on behalf of institutional, pension and retail clients.Morley has been at the forefront of innovation in property fund management andhas launched eleven specialist sector based funds with partners, including theJersey-based Unit Trusts: Ashtenne Industrial Fund, Quercus Healthcare Property,The Junction and The Mall. www.morleyproperty.com * Not including mortgage assets - ENDS - For further information: Capital & Regional:Martin Barber, Chief Executive Tel. 020 7932 8101William Sunnucks, Group Finance Director Tel. 020 7932 8125 gcg hudson sandlerMichael Sandler / James Benjamin Tel: 020 7796 4133Redwood Consulting: Liz D'Oliveira / Paul Haines Tel: 020 7224 4300 This information is provided by RNS The company news service from the London Stock Exchange