Capital & Regional has received or expects to collect imminently just 34% of quarterly rent due
Investor is working with occupiers to help them navigate the crisis
Capital & Regional is turning to alternative and residential uses to offset retail losses
Capital & Regional has appointed David Hunter as non-executive chairman
Johannesburg-listed REIT Growthpoint Properties has bought the stake for around £150.4m
Johannesburg-listed REIT will pay around £150.4m.
Growthpoint has until 5pm on 18 October to announce a firm intention to make an offer for the REIT.
Johannesburg-listed Growthpoint is looking to buy a majority stake in the shopping centre landlord
Growthpoint Properties circles community shopping centre landlord Capital & Regional.
Hadfield accepts permanent role directing leasing team
The business has three Debenhams stores throughout its shopping centre portfolio
Capital & Regional has recorded a 3.5% decline in the total value of its portfolio.