Growthpoint bid US$200m for the UK property fund Capital & Regional

SOUTH AFRICA – Growthpoint Properties Limited, the largest property investment holding company in South Africa has made a US$200m (around R2.9 billion) offer for a 51.2% controlling stake in small-cap UK property fund Capital & Regional. The bid, made up of a partial cash offer to existing shareholders and a subscription of new shares in Capital & Regional, was announced in a statement on the London Stock Exchange (LSE) and the JSE. According to the statement, the directors of both groups have reached agreement on what they describe as “a…

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