Newriver REIT raises £50m for Capital & Regional bid Business Local shopping centre owner Newriver REIT has successfully raised over £50m via a share issue to fund its bid of peer Capital & Regional. On Wednesday, Newriver REIT announced a possible cash and share offer for Capital & Regional, which would create a shared property portfolio of £890m. At the same time, Newriver announced the [...]
Capital & Regional: Praxis out of the running to buy shopping centre giant Property Shares in Capital & Regional have fallen by 14 per cent after a prospective bidder for the UK shopping centre owner said it was bowing out of the process. Praxis, a London-based property investor, said it doesn’t intend to make an offer for the listed company – which owns shopping malls in Edinburgh, Hemel Hempstead [...]
Newriver’s Ellandi acquisition gives boost to results as firm eyes up Capital & Regional bid Property London-listed Newriver REIT's acquisition of Elandi Management helped it buck the downward trend plaguing much of its sector to post a strong operational performance in its first quarter as it tries to sew up a deal for rival REIT Capital & Regional.
Shopping centre giant Capital & Regional pushes back takeover deadline June 20, 2024 Shopping centre giant Capital & Regional has delayed the bidding deadline for its potential takeover by Newriver REIT.
Capital and Regional: Shopping centre owner says footfall on the rise thanks to demand for bargain goods March 8, 2024 The Mall Wood Green owner Capital and Regional has reported a slight uptick in footfall across its shopping centres driven by a demand in customers shopping at discount stores.