Capital & Regional

Capital & Regional plc

Type	Public
Industry	Property
Founded	1979
Headquarters	London, UK
Key people	Tom Chandos, Chairman Hugh Scott-Barrett, CEO
Revenue	£34.0 million (2007)
Operating income	£(131.0) million (2007)
Net income	£(166.8) million (2007)
Website	www.capreg.com

Capital & Regional plc is a large British manager of property assets - mainly shopping centres - for funds in which it has a significant stake. The current CEO is Hugh Scott-Barrett.^[1]

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. In 1997 it went on to buy the Sauchiehall Shopping Centre in Glasgow and in 1998 the Pallasades Shopping Centre in Birmingham. In 2001 it established the Mall Fund and the Junction Fund with Morley Fund Management. In 2008 the company commenced negotiations for extra funding for the Mall Fund.^[3]

Structure

The company has two divisions:

Earnings business - property management
Assets business - fund investing

References

↑ "Capital & Regional". Retrieved 18 November 2016.
↑ Connon, Heather. "Capital & Regional buys Aberdeen shop complex", The Independent, 6 May 1993. Accessed 10 May 2016.
↑ Capital & Regional's Mall fund needs £300m

External links

This article is issued from Wikipedia - version of the 11/18/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.