14th Dec 2009 07:00
14th December 2009
CAPITAL & REGIONAL PLC:
SALE OF ABERDEEN AND SLOUGH
BY THE JUNCTION FUND
Capital & Regional plc, the co-investing property asset manager, today announces that the Junction Fund has sold Kittybrewster Retail Park in Aberdeen and Slough Retail Park, Slough to Fund Managers Threadneedle Property Investments Ltd, for a price of £81.74m.
This price equates to an NEY of 6.7%.
The combined valuations of the assets as at 30 September 2009 was £79.34m.
Completion of the sale will take place on 18th December 2009.
Capital & Regional has an interest of 13.4% in the Junction Fund.
For further information
Capital & Regional:
Charles Staveley, Group Finance Director Tel: 020 7932 8000
Maitland:
Martin Leeburn/Emma Burdett Tel: 020 7379 5151
Related Shares:
Capital & Regional