Capital & Regional

Capital & Regional plc is a large British manager of property assets - mainly shopping centres - for funds in which it has a significant stake.

Capital & Regional plc

Company type	Public
Traded as	LSE: CAL
Industry	Property
Founded	1979
Headquarters	London, UK
Key people	Hugh Scott-Barrett, Chairman Lawrence Hutchings, CEO
Revenue	£59.0 million (2023)[1]
Operating income	£9.5 million (2023)[1]
Net income	£3.7 million (2023)[1]
Website	www.capreg.com

History

The company was founded in 1979 as Capital & Regional Properties. It was floated on the Unlisted Securities Market in 1986. In 1993 it acquired the Trinity Shopping Centre in Aberdeen^[2] and in 1994 the Eldon Garden Shopping Centre in Newcastle upon Tyne.^[3] In 1997 it went on to buy the Sauchiehall Shopping Centre in Glasgow^[4] and in 1998 the Pallasades Shopping Centre in Birmingham.^[5]

In 2001 it established the Mall Fund and the Junction Fund with Morley Fund Management and in 2008 the company commenced negotiations for extra funding for the Mall Fund.^[6]

Structure

The company has two divisions:

• Earnings business - property management
• Assets business - fund investing

References

1. "Annual Results 2023" (PDF). Capital & Regional. Retrieved 30 April 2024.
2. Connon, Heather (6 May 1993). "Capital & Regional buys Aberdeen shop complex". The Independent. Retrieved 10 May 2016.
3. "Capital and Regional buys shopping centre". Financial Times. 1994. Retrieved 27 April 2018.
4. "Capital & Regional takes asset hit". Citywire. 20 March 2001. Retrieved 27 April 2018.
5. "£93.8m acquisition of the Pallasades Shopping Centre, Birmingham from Fordgate". The Lawyer. 13 April 1998. Retrieved 27 April 2018.
6. "Capital & Regional's Mall fund needs £300m". The Telegraph. 16 May 2008. Retrieved 27 April 2018.

External links

• Capital & Regional corporate site