Capital & Regional About Us Our Portfolio Snozone Commercial Info ESG Investor Info Media Centre Contact Twitter LinkedIn History About Us How We Work People Recruitment History Company History Capital & Regional has had a long history, owning an managing multiple retail and leisure interests in both the UK and abroad. 2017 The Buttermarket Centre, Ipswich is sold to the National Grid Pension Fund for a price of £54.7 million at an equivalent yield of 5.9%. The Exchange Centre, Ilford is acquired from Meyer Bergman. 2016 The Mall Camberley is sold to Surrey Heath Borough Council. The Marlowes centre in Hemel Hempstead is acquired. 2015 C&R and Drum Property Group acquire the Buttermarket Centre in Ipswich. The group completes disposal of it's German portfolio. Dramatic internal refurbishment of The Mall Walthamstow is completed and work begins on refurbishment works for The Mall Maidstone. 2014 C&R converts to a REIT on 31st December 2014. The REIT regime enables Capital & Regional to benefit from a zero corporation tax rate on qualifying property income and capital gains. Acquisition of the Mall units completed with C&R now owning 100% of The Mall Fund. After successful completion of major development works the Waterside centre in Lincoln is sold to Tesco Pension Fund for consideration of £46.0 million at net initial yield of 5.88%. Sale of Jaman Fields in Hemel Hempstead to Tesco Pension Fund is completed. 2013 The Great Northern Warehouse in Manchester is sold, facilitating the Group to repay its last element of on balance sheet debt. Sutton Coldfield and Uxbridge shopping centres are sold. The Groups sells its 11.9% stake in the X-Leisure Fund and its 50% interest in X-Leisure Limited to a subsidiary of Land Securities Group plc 2012 The Group sells its 50% stake in Xscape Braehead to joint venture partners Capital Shopping Centres The Junction Fund is sold to subsidiaries of Hammerson plc The Mall sells Norwich shopping centre C&R and Oaktree Capital Management purchase the 1 million sq ft Kingfisher Shopping Centre in Redditch The Group acquires additional units in The Mall Unit Trust. Group stake increased to 20.15% in The Mall Fund. 2011 The Mall sells Barnsley and Middlesbrough shopping centres The Junction sells Porstmouth Retail Park The Group purchases Waterside Shopping Centre in the Cathedral city of Lincoln 2010 Sale of the Group's office premises at 10 Lower Grosvenor Place, London and adjoining Beeston Place property The Mall sells Aberdeen, Preston and Ilford shopping centres X-Leisure sells Grants, Croydon and Fiveways, Birmingham The Junction sells Aylesbury and Hull retail parks Sale of the Group's 30% interest in Manchester Arena John Clare appointed Chairman Acquisition of 30% share in Garigal Asset Management GmbH Restructuring of Mall bonds and extension of fund life to 2017 The Mall sells four shopping centres at Falkirk, Gloucester, Romford and Southampton 2009 £69 million placing and open offer, with Parkdev as anchor investor, alongside renegotiation of Group banking facilities £50 million rights issue in X-Leisure, alongside refinancing of banking facilities Creation of X-Leisure Limited joint venture with Hermes £64 million rights issue in The Junction with AREA as anchor investor, alongside refinancing of banking facilities The Mall sells Bexleyheath shopping centre The Junction sells Aberdeen and Slough retail parks, and the non-core industrial property at Portsmouth X-Leisure sells the O2 Centre, Finchley Road, London Sale of the remaining interest in the Cardiff joint venture 2008 Hugh Scott-Barrett appointed Chief Executive The Mall sells three shopping centres at Epsom, Edgware and Chester £286 million rights issue in The Mall Sale of 50% of the German portfolio Sale of 80% of the FIX UK portfolio The Junction sells Great Western Retail Park, Glasgow; Templars Retail Park, Oxford; and St George's Retail Park, Leicester Sale of the CostCo unit at Cardiff 2007 Cardiff development gains final approvals The Junction sells Blackpole Retail Park, Worcester Sale of Xscape Milton Keynes and Castleford to X-Leisure Acquisition of portfolio of six FIX UK properties X-Leisure sells Star City 2006 Further acquisitions in Germany for €379 million Sale of Morfa Shopping Park, Swansea to The Junction Junction sells four secondary retail parks for a combined total of £159.8 million The Mall raises a further £375 million with Mall bond tap issue Acquisition of 30% interest in Manchester Arena Purchase of four shopping centres from Prudential for £537 million The Mall sells two of the four centres acquired from Prudential. 2005 The Junction purchases the Kittybrewster Retail Park in Aberdeen The Mall acquires Main Square Shopping Centre in Camberley, Surrey The Junction purchases Telford Forge Retail Park and Slough Retail Park The Mall Fund refinances £1.06 billion of bank debt, believed to be the largest single tranche of Sterling AAA rated Commercial Mortgage Backed Securities ever issued Formation of a joint venture with the German property group Hahn AG, one of Germany's leading co-investing property asset managers, to acquire and actively manage out of town retail properties in Germany. Establishment of €110 million portfolio of eight out of town retail centres Purchase of the T3 trade park portfolio, comprising 23 trade parks and ten industrial estates Subsale of the ten industrial estates from the T3 portfolio 2004 Sale of Glasgow Fort Shopping Park The Mall purchases Eastgate Shopping Centre, Gloucester and The Junction purchases the Courts unit at Thurrock Establishment of the X-Leisure fund, formed from the combination of three existing funds previously managed by MWB, valued at £500 million The Junction purchases The Great Western Retail Park, Glasgow and sells Cockhedge Shopping Park, Warrington 2003 Partnership with AWG in respect of the Great Northern leisure and commercial development in central Manchester Acquisition of the fund management business of Marylebone Warwick Balfour The Mall purchases the Grosvenor Centre, Chester The Junction purchases a portfolio of retail parks from Kingfisher for £696 million 2002 Partnership established with Pillar Property to develop Glasgow's first major shopping park The Junction acquires four retail parks for £145 million, in Stoke, Thurrock, Ipswich and Warrington Construction commences on the second Xscape in Castleford, Leeds 2001 Formation of two new property funds with Morley Fund Management Ltd. The Mall Fund, focused on in-town covered shopping centres, initially comprises 11 shopping centres. The Junction Fund, focused on major retail parks, comprises 11 parks 2000 New Board structure announced: Tom Chandos appointed Chairman and Martin Barber Chief Executive Company name changed from Capital and Regional Properties plc to Capital & Regional plc Earlier 1999 Announced re-designed corporate logo and moved to new offices Acquisition of The Ashley Shopping Centre, Epsom and St Andrew's Quay Retail Park, Hull 1998 Started construction of Xscape in Milton Keynes Acquired Westway Shopping Park, Greenford Acquisition of The Pallasades Shopping Centre, Birmingham 2 for 7 Rights Issue of 21.8 million new ordinary shares at 280p per share 1997 Agreement to acquire the 75.1% interest in Lanham PLC which Capital & Regional did not already own Acquisition of shopping centre portfolio for £147 million including The Howgate Shopping Centre, Falkirk; The Sauchiehall Centre, Glasgow; The Alhambra Shopping Centre, Barnsley; Selbourne Walk, Walthamstow; Liberty 2, Romford 1996 £75.6 million of acquisitions made during the year including Shopping City, Wood Green £26 million Convertible Subordinated Unsecured Loan Stock Issue 1995 £50 million spent on UK acquisitions (including joint venture acquisitions) Creation of joint venture partnerships with JLW Finance Moved to the Official list of the London Stock Exchange 1994 £51 million spent on UK acquisitions, including Eldon Garden Shopping Centre, Newcastle Rights issue raising £25.3 million 1993 £42 million spent on UK acquisitions, including The Trinity Shopping Centre, Aberdeen Four share issues raising £17.9 million Second joint venture partnership with PDFM Limited US Flotation of CenterPoint as a publicly traded Real Estate Investment Trust (REIT) through $126 million offering 1992 £14 million spent on UK acquisitions Creation of joint venture partnerships with Securum and PDFM Limited 1991 Placing and Open Offer to shareholders raising £5.7 million Creation of joint venture partnership with Charterhouse Bank 1988 Sold 60% of UK portfolio 1986 Capital and Regional Properties was floated on the Unlisted Securities Market of the London Stock Exchange 1983 Formation of USA subsidiary, CenterPoint Properties Corporation, Illinois 1979 Capital and Regional Properties was formed in 1979 Capital & Regional plc 22 Chapter Street London SW1P 4NP About Us Our Portfolio Snozone ESG Commercial Info Investor Info Media Centre Contact Retailer Login Twitter LinkedIn Copyright © Capital & Regional plc Cookie Settings Privacy Policy Terms & Conditions Covid-19 Secure We use cookies to enable certain functions of this site and to monitor performance in order to help deliver the best experience possible. 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