Capital & Regional
Capital & Regional (C&R), a UK based retail REIT listed on the London Stock Exchange (LSE) with a secondary listing on the Johannesburg Stock Exchange (JSE), owns a predominantly London based portfolio of seven needs-based community shopping centres, which are dominant within their catchment areas.
Why we’ve invested
Growthpoint holds an approximate 51.2% stake in C&R, seizing an opportunity following the dislocation in the UK as concerns around Brexit and the shift to online shopping weighed on the retail property market. The £150.4 million investment comprised an acquisition of C&R shares for approximately £72.5 million and a subscription of new shares, raising an additional £77.9 million in capital for the REIT going forward.
C&R at a glance
- The portfolio is valued at approximately £1 billion with over 4 million m2 of lettable retail space
- These assets comprise over 900 retail units and attract around 1.6 million shopping visits each week
- C&R is a defensive, stable and scalable platform to further our internationalisation in the UK