History

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 property
  • The Junction sells Aylesbury retail park
  • Sale of the Group's 30% interest in Manchester Arena
  • Acquisition of 30% share in Garigal Asset Management GmbH
  • Restructuring of Mall bonds and extension of fund life to 2017

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

  • 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,
  • 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
  • The Junction 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  

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

  • Flotation of Capital and Regional Properties on the Unlisted Securities Market of the London Stock Exchange  

1983

  • Formation of USA subsidiary, CenterPoint Properties Corporation, Illinois  

1979

  • Formation of Capital and Regional Properties

Related links

The Company in Brief


Group Structure


Our Specialist Teams


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