Capital Shopping Centres

Capital Shopping Centres News

• CapCo Jumps on Speculation About Earls Court Sale: London Mover

  Capital & Counties Properties Plc climbed to a record after JPMorgan Chase & Co. said the builder planning 7,500 homes at London’s Earls Court may sell part of the site and use some of the proceeds for a one-time dividend.

• Capital Shopping Centres May Have to Write Down Properties, Analyst Says

  Capital Shopping Centres Group Plc, the U.K.’s largest publicly traded mall owner, may have to write down property values, Deutsche Bank AG analyst Martin Allen said. The shares fell as much 3.2 percent in London.

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  Capital Shopping Centres Rejects $4.6 Billion Bid From Simon as Inadequate

  Capital Shopping Centres Group Plc , the U.K.’s biggest shopping mall owner, rejected an offer from Simon Property Group Inc. valuing the company at 2.9 billion pounds ($4.6 billion), describing it as inadequate.

• Capital Shopping Centres in Talks to Buy Manchester Mall for $1.2 Billion

  Capital Shopping Centres Group Plc , the largest U.K. mall owner, is in talks with closely held Peel Group to buy the Trafford Centre near Manchester in northwest England for about 750 million pounds ($1.2 billion) in stock.

• Intu to Raise 1.15 Billion Pounds of Debt to Refinance Malls

  Intu Properties Plc, the U.K.’s biggest mall owner, plans to raise about 1.15 billion pounds ($1.7 billion) to replace debt secured by four shopping centers.

• Capital Shopping Centres Adds More Tenants to Bolster Revenue

  Capital Shopping Centres Group Plc, owner of 10 of the U.K.’s 25 largest malls by retail sales, signed 56 new leases in the third quarter to generate a net additional annual rent of 3 million pounds ($4.2 million).

• Intu Falls After Planning Share Sale to Finance Mall Purchase

  Intu Properties Plc, the U.K.’s biggest mall owner, plans to sell shares to finance a 250.5 million-pound ($378 million) shopping center purchase. The stock fell the most since September.

• Simon Given Jan. 12 Deadline to Make an Offer for Capital Shopping Centres

  Simon Property Group Inc. , the largest U.S. mall owner, has until Jan. 12 to announce its “firm intention” to make a takeover offer for Capital Shopping Centres Group Plc or abandon its pursuit, U.K. regulators said.

• U.K. Real Estate Rally ‘Unsustainable,’ Societe Generale Says

  This year’s gains by U.K. real estate companies are “unsustainable” because of a deteriorating retail industry, Societe Generale said.

• Capital Shopping Is Least-Loved in U.K. Benchmark (Update2)

  Capital Shopping Centres Group Plc owns nine of the biggest malls in Britain. That’s not enough for any analyst to recommend purchasing the stock.

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