Growthpoint completed the acquisition of a stake in Capital & Regional for $197m.

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.