One of South Africa’s biggest listed property companies is in talks to buy a majority stake in a British shopping centre owner.
Growthpoint Properties is proposing to buy a stake in Capital & Regional through a part-cash offer and a subscription for new C&R shares. It has not yet disclosed detailed terms of any potential offer.
Opportunistic overseas investors have been circling UK-listed retail landlords, whose shares have slumped as investors steer away from the sector.
One of South Africa’s biggest listed property companies is in talks to buy a majority stake in a British shopping centre owner.
Growthpoint Properties is proposing to buy a stake in Capital & Regional through a part-cash offer and a subscription for new C&R shares. It has not yet disclosed detailed terms of any potential offer.
Opportunistic overseas investors have been circling UK-listed retail landlords, whose shares have slumped as investors steer away from the sector.
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