Capital & Regional continues Mall Fund purchase
PROPERTY investor Capital & Regional is close to completing its aim of buying all the shares in The Mall Fund which owns six shopping centres, including The Mall in Blackburn.
Earlier this year it took its holding to 91% after agreeing a deal to buy Aviva's 52% stake and Karoo's 10.52% stake for around £213m.
Now it has agreed to buy a further 7.3% from seven minority shareholders for £27m. It will leave Capital & Regional with 99.1% of the fund.
The listed group started building its interest late... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...