7th Oct 2005 07:00
Capital & Regional plc07 October 2005 7 October 2005 CAPITAL & REGIONAL PLC: THE MALL PROPOSES CHESTER DEVELOPMENT Capital & Regional plc today announces that The Mall, its shopping centre fundmanaged jointly with Morley Fund Management, has submitted a planningapplication to Chester City Council for a £24m, 130,000 sq ft (12,000 sq m)retail extension to The Mall Chester. The new scheme will be located on the opposite side of Pepper Street from TheMall Chester and connected by a glass footbridge. The extension will createover 130,000 sq ft of new retail and catering floor space and will have fullheight glass elevation onto Pepper Street, whilst retaining the frontage of thelisted building 'The Temple'. The extension will create up to eight retail units and an anchor store and whencomplete The Mall Chester will total some 355,000 sq ft. The new shops willrange in size from 2,000 to 10,000 sq ft with space for a 75,000 sq ft anchorstore. The configuration of the units will be extremely flexible to provide arange of opportunities for both local and national retailers. There will alsobe additional space for two or three new bars or restaurants on the groundfloor. Ken Ford, Chief Executive of The Mall, comments: "There are limited opportunities for new retail development in central Chesterand we are delighted to be able to extend our very successful 'The Mall Chester'with these proposals. They will help meet the high level of demand for modern,flexible retail space in the City and consolidate The Mall's position as centralChester's principle retail venue." 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 About The Mall The Mall is the leading owner and operator of community shopping centres in theUK. The Mall has assets of £2.3 billion in 22 shopping centres and has plans togrow assets to 30 centres, establishing The Mall as the UK's community shoppingcentre brand. Capital & Regional and Morley Fund Management set up The MallFund in 2002. For further information see www.themall.co.uk - ENDS - For further information: Capital & Regional:Martin Barber, Chief Executive Tel. 020 7932 8101 Redwood Consulting:Paul Haines Tel: 020 7224 4300 gcg hudson sandlerMichael Sandler / James Benjamin Tel: 020 7796 4133 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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