What is The Mall?

The Mall is the UK's Community Shopping Centre Brand. The fund owns 21 shopping centres throughout the UK with a total floor space of 7.8 million sq feet, offering a local, community based, value focused shopping proposition. Following the 2008 open offer, Capital & Regional holds 16.7% of the fund and acts as Property and Asset Manager through the C&R Retail team. Aviva Investors (formerly Morley Fund Management) acts as Fund Manager. Steps have also been taken to further strengthen the corporate governance structure of the fund with the appointment of an independent Chairman, Sir Robert Finch, and an independent director, David White.

Investors hold units in a Jersey Property Unit Trust (JPUT) which allows exposure to a diversified portfolio of properties without direct investment and the ability to transfer units without incurring Stamp Duty Land Tax.

The fund's investment criteria are as follows:

• Town centre locations.
• Dominant in localised town catchments.
• Minimum 250,000 sq ft lettable area.
• Car park or public transport facilities.
• Covered, or able to be.
• Tenant profile "mass market" or "value" retail.
• Revenue and capital growth potential.