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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Capital & Regional Plc    CAL   GB00BL6XZ716

CAPITAL & REGIONAL PLC

(CAL)
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Delayed Quote. Delayed London Stock Exchange - 12/01 11:35:04 am
59 GBX   +1.72%
09/09CSI takes full control of Intu Derby shopping centre
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09/03CAPITAL & REGIONAL PLC : Half-year results
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06/04CAPITAL & REGIONAL PLC : Ex-dividend day for final dividend (optional)
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CSI takes full control of Intu Derby shopping centre

09/09/2020 | 10:06am EST

Joint administrators of Britain's Intu Properties said on Wednesday Cale Street Investments (CSI) has taken full ownership of the company's Derby shopping centre, the first in the Intu portfolio to change hands after it went into administration.

CSI, an investment firm backed by the Kuwait Investment Office, paid 186.3 million pounds last year for a 50% stake in the shopping centre, located on the East Midlands.

The centre, which is among 17 in the Intu portfolio with over 200 retailers including Next, Zara, H&M M&S and Hugo Boss, will be led by real estate advisory firm Savills and former Capital & Regional executive Ken Ford.

The coronvirus crisis left retailers struggling to pay rents, hitting the last nail in the coffin for Intu, which was already struggling with a heavy debt, as many High Street retailers including Debenhams and House of Frasers went under.

Intu, the owner of Manchester's Trafford Center and Lakeside in Essex, was placed in administration in June after it failed to reach a deal with its lenders.

"We continue to engage in constructive discussions with the management teams at the other Intu propcos regarding their respective migration plans," Jim Tucker, partner at KPMG and joint administrator of Intu, said.

Rival Hammerson, which had attempted to buy Intu for 3.4 billion pounds two years ago, last month set out plans to raise 825 million pounds to weather the global health crisis.

(Reporting by Samantha Machado and Muvija M in Bengaluru; Editing by Vinay Dwivedi)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CAPITAL & REGIONAL PLC 1.72% 59 Delayed Quote.-76.77%
HAMMERSON PLC 7.86% 23.49 Delayed Quote.-16.67%
HENNES & MAURITZ AB 2.29% 185.75 Delayed Quote.-4.66%
MARKS & SPENCER GROUP PLC 5.57% 132.75 Delayed Quote.-37.82%
NEXT PLC 3.05% 6746 Delayed Quote.-3.88%
SAVILLS PLC 4.73% 963.5 Delayed Quote.-15.11%
All news about CAPITAL & REGIONAL PLC
09/09CSI takes full control of Intu Derby shopping centre
RE
09/03CAPITAL & REGIONAL PLC : Half-year results
CO
06/04CAPITAL & REGIONAL PLC : Ex-dividend day for final dividend (optional)
FA
05/20CAPITAL & REGIONAL PLC : Proxy Statments
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03/31CAPITAL & REGIONAL PLC : Monthly statement on outstanding equity shares and voti..
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03/05CAPITAL & REGIONAL PLC : Slide show results
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03/05CAPITAL & REGIONAL PLC : Annual results
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02/26CAPITAL & REGIONAL PLC : Nomination
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01/15CAPITAL & REGIONAL PLC : REVERSE SPLIT: 1 of 10
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2019CAPITAL & REGIONAL PLC : Annual Report
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More news
Financials
Sales 2020 33,6 M 45,2 M 45,2 M
Net income 2020 -155 M -208 M -208 M
Net Debt 2020 340 M 457 M 457 M
P/E ratio 2020 -0,38x
Yield 2020 3,51%
Capitalization 65,9 M 88,5 M 88,5 M
EV / Sales 2020 12,1x
EV / Sales 2021 9,51x
Nbr of Employees 418
Free-Float 30,7%
Chart CAPITAL & REGIONAL PLC
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Capital & Regional Plc Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 60,33 GBX
Last Close Price 59,00 GBX
Spread / Highest target 69,5%
Spread / Average Target 2,26%
Spread / Lowest Target -49,2%
EPS Revisions
Managers
NameTitle
Lawrence Francis Hutchings Chief Executive Officer & Executive Director
David Ian Hunter Chairman
Stuart Wetherly Group Finance Director & Secretary
Louis Norval Non-Executive Director
Antony John Hales Senior Independent Non-Executive Director
Sector and Competitors