12th Sep 2006 07:01
Capital & Regional plc12 September 2006 12 September 2006 CAPITAL & REGIONAL PLC: THE MALL FUND SECURES NATIONAL PENSIONS RESERVE FUND OF IRELAND AS NEW INVESTOR Capital & Regional plc, the co-investing property asset manager, today announcesthat a significant new investor, The National Pensions Reserve Fund (NPRF) ofIreland, is investing £30m (€44m) into the Mall Fund by purchasing unitscurrently held by the Capital & Regional group. Philip Nell, Fund Manager of The Mall Fund at Morley Fund Management said: "Weare delighted to welcome this significant investment, adding to the increasinginvestor base of the Fund. This follows significant investments from Dutchinvestors ABP, and Danish investor Sparinvest earlier this year. The Fund nowhas a wide investor base of 45 institutional investors". Martin Barber, Chief Executive of Capital & Regional said: "We are pleased tosee a new investor in the Mall Fund. We remain the largest single investor inthe fund, holding 24.2% of the total. Since its inception we have seen totalreturns of more than 27.3% per annum and we are confident that we will continueour out performance". Ian Gleeson, The NPRF's Head of Property, said: "This is our third UKinvestment and provides us with immediate exposure to the retail sector with abest in class management team and platform". Notes 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 Morley Fund Management Firms within the Morley group of companies manage £157bn from offices around theworld as at 30 June 2006. The property team manages in excess of £23bn of UKand European property assets, making Morley the largest property fund manager inEurope. Awards 2006 • 2006, Property Fund Manager of the Year, Pensions Management Awards• 2006, Property Fund Manager of the Year, Property Week Awards• 2006, Outstanding Company of the Year Award, CEE Real Estate Quality Awards• 2006, Investor of the Year Award, CEE Real Estate Quality Awards The property team consists of 70 investment professionals and manages a range offunds on behalf of institutional, pension and retail clients. For further information, visit: www.morleyproperty.com About The Mall The Mall is the leading owner and operator of community shopping centres in theUK. The Mall has assets of £3.025 billion in 23 shopping centres and has plansto grow assets to 30 centres, establishing The Mall as the UK's communityshopping centre brand. The Mall Fund is a specialist property fund managed byCapital & Regional and Morley Fund Management. For further information, visit: www.themall.co.uk - ENDS - For further information: Capital & Regional:William Sunnucks, Group Finance Director Tel: 020 7932 8000 Hudson SandlerMichael Sandler Tel: 020 7796 4133 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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