Director Shareholdings

Total Page：16

File Type：pdf, Size：1020Kb

CAPITAL & REGIONAL PLC (Incorporated in the United Kingdom) (UK company number 01399411) LSE share code: CAL JSE share code: CRP ISIN: GB0001741544 (“Capital & Regional” or “the Company” or “the Group”) DIRECTORATE CHANGE Capital & Regional, the UK focused specialist retail property REIT, today announces that Ken Ford, Executive Director, has made the decision to step down from the Board on 9 May 2017 at the time of the Annual General Meeting. Ken will remain with Capital & Regional on a full-time basis and continue to lead a number of key development initiatives until 31 December 2017, at which point it is expected he will become an advisor to the Company. Hugh Scott-Barrett, Chief Executive, commented: “Having been with Capital & Regional for 20 years, Ken’s contribution to the development of the business cannot be overstated. Not only was he the driving force behind the very successful growth of the Mall Fund but he has also played a significant role in the reshaping of Capital & Regional since converting to a REIT at the end of 2014. Ken has built a strong team and I am pleased he will remain involved to help ensure a smooth transition and to support Lawrence in the commencement of his role as Chief Executive. I would like to thank Ken on behalf of all who work at Capital & Regional.” Ken Ford commented: “I’ve thoroughly enjoyed the last 20 years at Capital & Regional, however with our succession plans now firmly in place, I feel the time is right to step down from the Board. I’m delighted to be able to continue to assist the business and provide support to our incoming CEO, Lawrence in realising the very strong potential within the Company’s portfolio.” Lawrence Hutchings, Chief Executive designate, commented: “I am delighted that Ken will be staying involved and look forward to working with him in progressing some of the very exciting development opportunities that exist right across the portfolio.” 13 April 2017 JSE sponsor Java Capital Notes to editors: About Capital & Regional plc Capital & Regional is a UK focused specialist property REIT with a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c. GBP 1 billion portfolio of in-town dominant community shopping centres. Capital & Regional is listed on the main market of the London Stock Exchange and has a secondary listing on the Johannesburg Stock Exchange. Capital & Regional owns seven shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch. Capital & Regional manages these assets, which comprise over 900 lettable units and attract c. 1.7 million shopping visits each week, through its in-house expert property and asset management platform. For further information see capreg.com. As announced on 8 February 2017, the Company has appointed Lawrence Hutchings as Chief Executive. Lawrence will replace Hugh Scott-Barrett, who will become Non-Executive Chairman, following the retirement of John Clare. The changes will all become effective on 13 June 2017. .

Copy Link

Recommended publications

Annual Report 2009 Business Review
Annual Report 2009 Capital & Regional Annual Report 2009 Business review 01 Capital & Regional... 14 Asset and property management – Retail ...What we do 18 Asset and property management – Germany ...Business model 20 Asset and property management – Leisure ...Corporate structure 23 Asset and property management – Other 02 Chairman’s statement associates and joint ventures 03 Chief Executive’s statement 24 Principal risks and uncertainties 05 Operating review Section 1 07 Financial review Governance 26 Directors 28 Directors’ report 31 Statement of directors’ responsibilities 32 Directors’ remuneration report 39 Corporate governance report 43 Responsible business Section 2 Financial statements 46 Consolidated income statement 96 Independent auditors’ report 47 Consolidated balance sheet 97 Company balance sheet 48 Consolidated statement of recognised 98 Notes to the Company financial statements income and expense 48 Reconciliation of movement in equity shareholders’ funds 49 Consolidated cash flow statement Section 3 50 Notes to the financial statements Other information 101 Glossary of terms 102 Portfolio information 103 Fund portfolio information (100% figures) 104 Five-year review 105 Advisers and corporate information 105 Shareholder information Section 4 Section 1 Business review Capital & Regional… …What we do …Business model • C&R is a co-investing property • We operate asset businesses asset manager. This means that we and earnings businesses manage property assets for funds and joint ventures in which we hold • Asset businesses
[Show full text]
2005 CRO Annual Report.Pdf
Companies Registration Office Report 2005 CONTENTS 1. INTRODUCTION 1 2. MISSION STATEMENT 2 3. INPUT 2 4. OUTPUT 9 5. QUALITY 13 APPENDIX 1: DETAILED STATISTICS 16 APPENDIX 2: FINANCE 66 APPENDIX 3: REGISTRAR OF COMPANIES 67 AND OTHER AUTHORISED PERSONS APPENDIX 4: CROLINK MEMBERSHIP 68 3 1. INTRODUCTION In the sections below we set out the commitment we made in the business plan for 2005 and the extent to which that commitment was met. Major Projects The Integrated Enforcement Environment continued to have a major impact particularly through the strike off process. While plans were implemented to step up actions regarding presenters and directors the major effect will be felt during 2006. The backlog clearance project continued to bring substantial benefits in document checking and registration but the levels of throughput necessary to clear the backlog of unregistered annual returns is not yet in place. Renewed effort on a number of fronts will be necessary in 2006. Considerable work was done on the rules database and it too will bring benefits. Extensive work was done to support the statutory Electronic Filing Agent, and to develop the pre-filled annual return. The implementation of the Companies On-line Registration Environment went very smoothly and can now be extended to a much wider user base. CROLink CROLink is the Users Council of the CRO. It is a forum which allows management and users of the CRO to share ideas to improve the services provided by the CRO. CROLink met three times during 2005. At the CROLink meetings, representatives of CRO users get a chance to raise questions and air views about CRO services.
[Show full text]
Property Investor Profiles
ANG Property Investor Profiles Fund Anglesea Capital Angelo, Gordon Europe Ltd 11 Hill Street, London W1J 5LF 25 Hanover Square, London W1S 1JF Tel: 020 7629 5324 Tel: 0207 758 5300 Fax: 0207 758 5420 Email: [email protected] Email: amittal@angelogordon. com Web: www.angleseacapital.com Web: www.angelogordon.com Contacts Contacts Rhys Lewis (Managing Director) Anuj Mittal (Real Estate) Nick Sowerbutts (Asset Manager) Comment Comment US private equity fund manager Angelo Gordon announced plans Anglesea Capital Ltd was formed by former Rockpoint director Rys to invest a substantial proportion of its $2bn of property funds in the Lewis. UK. (07/09) 12/11 - London & Stamford (94% interest) and Anglesea (6% The privately owned fund manager is investing two funds: its interest) sold the Triangle Distribution Portfolio and including the $800m AG Core Plus Realty Fund II, of which it has already spent recently acquired 5110 Magna Park, Lutterworth for a consideration around 35%; and its $1.25bn opportunity fund, the AG Realty Fund of £265m . Anglesea will continue to manage the portfolio with VII, of which around 25% is invested. Blackstone as its equity backer. 11/11 - Angelo, Gordon & Co bought the Frimley Business Park in Surrey, in partnership with Investream, for £15m - reflecting a Anglo Scottish Properties Plc 13.2% yield. The park comprises nine office buildings totalling 100a Chalk Farm Road, London NW1 8EH 161,074 sq ft on a 13.4-acre site. Tel: 020 7284 1144 Fax: 020 7267 2477 Email: [email protected] 06/12 - Angelo, Gordon paid Avestus Capital Partners £70m for Senator House, 85 Queen Victoria Street, EC4 - reflecting a net Contacts initial yield of 8.75%.
[Show full text]
Gilson Barn D&A
182 High Road, Ilford, IG1 1LR Design & Access Statement Full Planning December 2017 182 High Road, Ilford, IG1 1LR Contents Figure 1: Photographic Analysis 1.0 Introduction 1.1 Aims 1.2 Design Ethos 1.3 Location 1.4 Existing Structure 1.5 Proposal 2.0 History 3.0 Planning Guidance 3.1 Planning History 4.0 Proposed Development 4.1 Design Concept 4.2 Use 4.3 Amount 4.4 Layout and Scale 4.5 Appearance and Materials 4.6 Opening Hours 4.7 Staff 4.8 Access 4.9 Parking 5.0 Conclusion 182 High Road, Ilford, IG1 1LR 1.0 Introduction Figure 2: Site Location 1.1 Aims This architectural design document has been prepared by architecture & Interior Design as part of a full planning application on behalf of our client for the change of use from A1 retail to A3 restaurant with ancillary A5 takeaway, with new shop front to the front elevation. 1.2 Design Ethos The design approach can be summarised as follows: To provide customers with elegant style dining experience with modern and elegant fittings throughout. The design should incorporate various aspects of sustainable design, and looks to new technologies and local workforce. 1.3 Location The application site is located in Ilford on the main High Road, which is within the heart of the city centre. The site benefits from public transport with bus services operating on Ilford Hill and Cranbrook Road, leading throughout Ilford and towards the city centre which is walking distance away. The site is ideally located for the proposed change of use being within a prime city centre location walking distance away from the city centre with a mix of high street commercial retail and food eateries.
[Show full text]
Q2 2010 Shopping Centre Investment Quarterly
research Q2 2010 shopping centre Investment quarterly Figure 1 Figure 2 Outlook Who is buying? Shopping centres: capital and rental growth • Transactional volumes were robust in the second Q2 2010 Three month % change quarter but, with limited evidence of more deals 10 in the pipeline and a continuing scarcity of buying opportunities for prime assets, sales volumes over 5 the remainder of 2010 are expected to fall from the 0 levels seen in each of the last three quarters. • As investors take stock of continuing risks in the -5 economy and occupier markets, demand will remain healthy for prime shopping centre assets -10 but will weaken for secondary product. We expect -15 yields for secondary assets to remain stable in the near term before softening in the final quarter of -20 01 2010 as the supply of such assets continues Opportunity fund/private equity fund 02 May May May 10 May May 05 May May May May 03 May May 07 May May 09 May May 00 May May 08 May May 06 May to increase. Quoted property company/REIT 04 May Pension/life/insurance • June’s Emergency Budget was greeted with a Private property company Capital growth Rental growth degree of relief by UK retailers, being seen as Public sector Source: IPD ‘softer’ on consumers than had been feared. With the hike in VAT arriving in January 2011, the budget Source: Knight Frank LLP will have little impact on consumer expenditure Figure 3 over the next six months and may even boost sales Retail & shopping centre equivalent yields performance immediately prior to the tax increase.
[Show full text]
Annual Report and Accounts for the Year Ended 30 December 2012
Annual Report and Accounts for the year ended 30 December 2012 Stock Code: CAL 22158.04 18 April 2013 1:04 PM Proof 7 Progress in execution of strategy ■■ Sale of Group’s stakes in The Junction Fund and Xscape Braehead and, in early 2013, its interest in the X-Leisure Fund and FIX ■■ Purchase of Mall Fund units increased Group share from 18.16% to 20.33% ■■ Acquisition of 20% interest in Kingfisher Centre, Redditch, in joint venture with Oaktree Capital Partners Financial ■■ Robust recurring pre-tax profit up 3.7% to £17.0 million (2011 – £16.4 million) ■■ Proforma see-through net debt1 to property value fell to 55% compared to 65% at 2011 year end ■■ Fall in net assets and EPRA net assets per share to 51p and 55p, respectively (2011 – 56p and 63p) primarily as a result of value adjustments and impairment of the German portfolio 4 joint venture Operational ■■ Occupancy on a like for like basis in our UK Shopping Centres up to 96.7% from 96.1% notwithstanding significant administrations during the first half of the year ■■ Attractive and affordable space supported by 88 new lettings for £5.1 million, 25 renewals for £1.7 million, both at above ERV ■■ Significant step forward for asset management and development with key terms agreed to enable the reconfiguration of Waterside Lincoln; Hemel Hempstead redevelopment gaining planning permission and a number of pre-lets finalised; The Hub leisure concept at Redditch gaining momentum Future priorities ■■ Recycle cash from disposals of non-core assets to create shareholder value by strengthening our core UK Shopping Centre business as well as the buyback of shares ■■ Resume dividend payments to shareholders to be covered by cash earnings once Mall is in a position to recommence distributions to unit holders 2012 2011 Recurring pre-tax profit2 £17.0m £16.4m (Loss)/profit for year £(16.0)m £21.1m NAV per share 51p 56p EPRA NAV per share 55p 63p Proforma Group net debt1 13% 30% Proforma see through net debt1 55% 65% 1 Adjusted for £30.6 million X-Leisure proceeds received in January 2013.
[Show full text]
LSE Share Code: CAL JSE Share Code: CRP ISIN: GB0001741544 ("Capital & Regional", the "Group" Or the "Company")
CAPITAL & REGIONAL PLC (Incorporated in the United Kingdom) (UK Company number 01399411) LSE share code: CAL JSE share code: CRP ISIN: GB0001741544 ("Capital & Regional", the "Group" or the "Company") 9 March 2017 Full Year Results to 30 December 2016 Capital & Regional, the UK focused specialist REIT with a portfolio of dominant in-town community shopping centres, today announces its full year results to 30 December 2016. Asset management strategy driving strong income growth and underpinning dividend - 6.7% increase in Net Rental Income to GBP52.6 million (2015: GBP49.3 million) - Adjusted Profits(1) up 11.7% to GBP26.8 million (2015: GBP24.0 million) - 8.7% increase in total dividend to 3.39p per share for 2016, ahead of guidance Successful recycling of capital continuing into 2017 - Acquisition of The Exchange Centre, Ilford completed on 8 March 2017 for GBP78.0 million, reflecting NIY of 6.70% - Disposal of Ipswich joint venture in February 2017 delivering IRR of over 40% - Disposal of The Mall, Camberley for GBP86.0 million at NIY of 5.9% in November 2016 - Acquisition of The Marlowes, Hemel Hempstead and adjacent properties in February/March 2016 for GBP53.8 million at NIY of 7.0% Delivery of asset management initiatives supported by strong occupier demand - Capex investment of GBP21.2 million on Wholly-owned assets in 2016 including: - GBP6.2 million at Maidstone - refurbishment and TJ Hughes reconfiguration - GBP4.2 million at Wood Green - new Travelodge and extended Easygym - GBP2.9 million at Blackburn - new Ainsworth Mall entrance
[Show full text]
F&C Commercial Property Trust Limited
F&C Commercial Property Trust Limited Interim Report For the six months ended 30 June 2008 Company Summary The Company Capital Structure The Company is a closed-ended Guernsey The Company’s capital structure consists of registered investment company. Its shares are Ordinary Shares. listed on the Official List of the UK Listing Ordinary shareholders are entitled to all Authority and on the Channel Islands Stock dividends declared by the Company and to all Exchange, and traded on the London Stock the Company’s assets after repayment of its Exchange and the Channel Islands Stock borrowings and ordinary creditors. Borrowings Exchange. It was launched in March 2005. consist of £230 million Secured Bonds due 2017. The bonds carry interest at a fixed rate of Objective 5.23 per cent per annum and have an expected To provide ordinary shareholders with an maturity date of 30 June 2015. If the bonds are attractive level of income together with the not redeemed at this date they will carry interest potential for capital and income growth from at 0.60 per cent over LIBOR until the final investing in a diversified UK commercial property maturity date of 30 June 2017. portfolio. Investment Managers F&C Investment Business Limited, a wholly Isa Status owned subsidiary of F&C Asset Management The Company’s shares are eligible for Individual plc. Savings Accounts (‘Isas’). Total Assets Less Current Liabilities £1,026 million at 30 June 2008 Website Shareholders’ Funds The Company’s internet address is: £797 million at 30 June 2008 www.fccpt.co.uk F&C Commercial Property Trust Limited Financial Highlights and Performance Summary .
[Show full text]
Annual Report and Accounts 2014 Contents
Annual Report and Accounts 2014 Contents Who we Are 1 Awards and Achievements 1 1.0 Overview Numis at a Glance 2 Chairman’s Statement 4 Financial Highlights 4 2.0 Strategic Report Introduction 6 Our Strategy 6 Our Business Model 7 Key Performance Indicators 8 Review of Performance 10 Principal Risks 12 Financial Position 14 Our People 14 Outlook 14 3.0 Corporate Governance Board of Directors 15 Corporate Governance Report 16 Remuneration Report 21 4.0 Directors’ Responsibilities and Report Directors’ Responsibilities 24 Directors’ Report 25 5.0 Independent Auditors’ Report 28 6.0 Financial Statements Consolidated Income Statement 30 Consolidated Statement of Comprehensive Income 31 Consolidated Balance Sheet 32 Consolidated Statement of Changes in Equity 33 Consolidated Statement of Cash Flows 34 Company Balance Sheet 35 Company Statement of Changes in Equity 36 Notes to the Financial Statements 37 7.0 Other information Notice of Annual General Meeting 73 Case Studies 78 Information for Shareholders 80 Numis Corporation Plc 2014 Annual Report and Accounts 1 Who we Are We are one of the UK’s leading independent institutional What can we do for you? If you have a business and We offer a full range stockbrokers and corporate advisors. We are recognised want advice, access to funds or better recognition of research, execution, as being one of the leaders in helping raise capital for UK in the market, then get in touch and we’ll show you corporate broking and listed companies. Relentless in the pursuit of success for how we can make a difference. corporate finance services our clients, we are acknowledged for the quality of our to companies quoted in people and our focus on providing old fashioned client the UK and their investors.
[Show full text]
Property Investor Profiles
AIR Property Investor Profiles Air Capital Asset Management (UK) Ltd Alanis Capital 78-79 New Bond Street, London W1S 1RZ 60 Fitzwilliam Square, Dublin, Ireland 2 Tel: 020 7268 2600 Fax: 020 7268 2601 Tel: 00 353 1 676 1033 Fax: 00 353 1 676 1129 Email: [email protected] Email: [email protected] Contacts Web: www.alaniscapital.com Andrew Rosenfeld (Managing Director) Contacts Steven Lewis (Director) John McCormack (Chairman) Comment Brian McCormack (Director) Andrew Rosenfeld, the former chief executive of Minerva, entered Niall McCormack (Director) into a £1 billion property partnership with Goldman Sachs. Alan McCormack (Director) Rosenfeld has established a new firm called Air Capital and signed Marcus Ryan (Director) a joint venture with the US bank's Whitehall property fund. The Fergal O'Beirne (Chief Operating Officer) terms of the deal have yet to be announced, but it is thought the fund will focus on the purchase of investment property. Rosenfeld, Comment who now lives as a tax exile in Geneva, sold his stake in Minerva Alanis Capital is a leading Irish property investment and and now has a fortune of £100m at his disposal. (04/07) development firm operating in markets across Ireland, the United Kingdom, Europe, North and South America and the Caribbean. Fund The firm's extensive property portfolio is currently valued in excess Airport Industrial GP Ltd of €3 billion. Fund Manager: Scottish Widows Investment Partnership Edinburgh One, Morrison Street, Edinburgh EH3 8BE 08/07 - Anglo Irish Bank Private Banking and Alanis Capital purchased the freehold shopping centre investment of the Tel: 0131 655 8500 Fax: 0131 662 0293 Metquarter in Liverpool city centre for around £85m.
[Show full text]
View Annual Report
Annual report 2004 Annual Capital & Regional plc Annual report 2004 Contents 1 Capital & Regional…what we do 2 Financial highlights 3 Chairman’s statement 4 Chief and Deputy Chief Executives’ review 6 Finance Director’s review 10 Operating review – shopping centres 14 Operating review – retail parks 18 Operating review – leisure Management, governance and corporate social responsibility 22 Directors 24 Advisers and corporate information 25 Directors’ remuneration report 29 Directors’ report 32 Corporate governance report 35 Corporate social responsibility 36 Statement of directors’ responsibilities 37 Independent auditors’ report Financial statements 38 Consolidated profit and loss account 39 Consolidated balance sheet 40 Statement of total recognised gains and losses Note of historical cost profits and losses Reconciliation of movements in equity shareholders’ funds 41 Consolidated cash flow statement 42 Company balance sheet 43 Notes to the accounts Additional information 67 Property under management Fund portfolio information 68 Five-year review Shareholders’ information 69 Glossary of terms Capital & Regional . what we do ● C&R is a co-investing property asset manager.This means that we manage property assets for funds in which we hold a significant stake ● This enables our equity and management to be leveraged over a large portfolio and enhances returns to shareholders ● We aim to build best-of-class specialist management teams for the retail and leisure sectors in which we operate Capital & Regional 1 Financial highlights Growth
[Show full text]
BLP Advises Capital & Regional on £372.5M Financing and Corporate
BLP advises Capital & Regional on £372.5M financing and corporate restructuring of the Mall fund January 6, 2017 A cross-departmental BLP team have advised Related Attorney(s) listed REIT, Capital & Regional PLC, on the refinancing of their existing loan facilities secured on the Mall fund and a corporate restructuring of the Mall fund, a portfolio of five shopping centres Claire Watson located in Blackburn, Maidstone, Wood Green, Walthamstow and Luton. Partner London [email protected] The finance work resulted in the repayment of the existing £334.6m debt secured against the Mall and replacement of the existing indebtedness with: a £165m 10 year loan with Teachers Insurance and Annuity Association of America with a one year extension option; a £107.5m seven year loan with Wells Fargo Bank International Unlimited Company; and Page 1 of 3 a £100m bank facility of five years with two one year extension options with The Royal Bank of Scotland. £90m of this facility has been drawn down with a further £10m available to fund capex. The Wells Fargo facility is secured on The Mall, Luton, while the RBS and TIAA facilities are secured on the four assets at Blackburn, Maidstone, Walthamstow and Wood Green. In addition to the refinancing the corporate, tax and real estate finance teams advised on the split of the fund into two separate groups. the ‘Luna’ structure containing only the Luton property and the ‘Macadamia’ structure containing the Blackburn, Maidstone, Wood Green and Walthamstow properties. This restructure and refinancing is a continuation of BLP’s relationship with the Mall fund which has been ongoing since 2001 and which has continued through the acquisition of the entirety of the Mall fund by Capital & Regional following the completion of the May 2014 financing of the fund.
[Show full text]