Announced
Completed
Growthpoint completed the acquisition of a stake in Capital & Regional for $197m.
Financials
Sources
RNS Announcement
Capital & Regional -Â
RNS Announcement
Capital & Regional -Â
Amendment to Subscription Agreement
Growthpoint Properties -Â
Amendment to Facility Agreement
Growthpoint Properties -Â
Publication of Offer Document and Prospectus
Growthpoint Properties -Â
Partial Offer Unconditional as to Acceptances
Growthpoint Properties -Â
Clarification re: Partial Offer
Growthpoint Properties -Â
Admission and Partial Offer Wholly Unconditional
Growthpoint Properties -Â
Part. Offer Closed and Scaling Back of Acceptances
Growthpoint Properties -Â
Applicable Exchange Rate Announcement
Growthpoint Properties -Â
Confirmation of post-offer intention statements
Growthpoint Properties -Â
Tags
retail
Friendly
commercial real estate
Acquisition
Public
United Kingdom
asset management
Diversified Retailers
Retail REITs
Single Bidder
Minority
Completed
Private Equity
Synopsis
Growthpoint, a REIT providing innovative and sustainable property solutions in a diversified portfolio, completed the acquisition of a stake in Capital & Regional, a manager of property assets - mainly shopping centers, for $197m. "This puts Capital & Regional on the front foot by reducing leverage and allowing our strong management team to focus its full attention on executing its strategy and implementing the rollout of its community center asset management plan," Hugh Scott-Barrett, Capital & Regional Chairman.
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