Capital & Regional CAL X-Leisure Fund

  Capital & Regional (CAL) - X-Leisure Fund

RNS Number : 2810R
Capital & Regional plc
16 November 2012

16 November 2012



Capital & Regional plc announces that it has received a proposal to acquire
its units in the X-Leisure Fund and its 50% stake in X-Leisure
Limited.Discussions are at an advanced stage.

Should an offer for the X-Leisure Fund units be forthcoming, the transaction
would be subject to the approval of unit holders. In addition, due to the
size of the potential disposal, the Company would be required to seek
shareholder approval. Further information will be provided in due course.


For further information :

Capital & Regional:

Hugh Scott-Barrett, Chief Executive  Tel: 020 7932 8000

Charles Staveley, Group Finance Director Tel: 020 7932 8000


Martin Leeburn/Emma Burdett Tel: 020 7379 5151

Notes to editors:

About Capital & Regional plc

Capital & Regional  is a specialist  property company with  a track record  of 
developing asset management opportunities in town centre shopping centres  and 
out of town retail parks.

Capital & Regional founded The Mall fund in conjunction with Aviva  Investors. 
Capital & Regional acts as  Property and Asset Manager  for the Mall fund  and 
holds a 20.15% interest in it.

Capital & Regional  & 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 has an 11.9% stake in the X-Leisure fund, which is  managed 
by X-Leisure Limited in which Capital & Regional holds a 50% interest.

Capital &  Regional has  a number  of other  joint ventures  and  wholly-owned 

For further information see]

                     This information is provided by RNS
           The company news service from the London Stock Exchange


MSCBKPDDCBDDODD -0- Nov/16/2012 07:00 GMT
Press spacebar to pause and continue. Press esc to stop.