Capital & Regional (CAL) - X-Leisure Fund
RNS Number : 2810R
Capital & Regional plc
16 November 2012
16 November 2012
CAPITAL & REGIONAL PLC
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 www.capreg.com]
This information is provided by RNS
The company news service from the London Stock Exchange
MSCBKPDDCBDDODD -0- Nov/16/2012 07:00 GMT
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