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
Public
Traded asLSE: CAL
IndustryProperty
Founded1979
HeadquartersLondon, UK
Key people
Hugh Scott-Barrett, Chairman
Lawrence Hutchings, CEO
Revenue£89.2 million (2017)[1]
£40.0 million (2017)[1]
£22.4 million (2017)[1]
Websitewww.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
gollark: What might be interesting is completely departing from the whole "sequentially executing C-like code as fast as possible" thing. Though I guess that's... basically GPUs now?
gollark: I mean, that's... two architectures, and IIRC they're bad in different ways.
gollark: I expected to basically just use it for portably accessing stuff at home, but it turns out that most of my workloads run fine on this and my desktop's GPU was (still is, but I replaced it with a much worse one so I could use it workingly as a server) a bit broken so I use it for most stuff now.
gollark: The main issue is that I did not buy enough RAM for it, and the screen is bad.
gollark: That's an infinity percent return on investment.

References
  1. "Annual Report 2017" (PDF). Capital & Regional. Retrieved 27 April 2018.
  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.
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