30th Dec 2013 08:44
LONDON (Alliance News) - Specialist retail property company Capital & Regional PLC Monday said that it has acquired a total of 30.689 million units in The Mall Shopping Centre Fund, increasing its stake to 29.26%.
Capital & Regional previously held a 26.0% stake, after spending GBP18.2 million earlier this month to increase its stake from 20.3%.
It said that the increased stake in the The Mall Fund, which consists of shopping centres in Blackburn, Luton and Wood Green, London, amongst other locations, will be funded from existing cash reserves, and will increase its net asset value by around GBP0.4 million.
Capital & Regional shares were trading 0.9% higher in early trading Monday at 43.38 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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