UK SHOPPING CENTRE OWNER
Capital & Regional rebounds with bumper festive season
Market sentiment around Capital & Regional and other UK-based JSE-listed real estate companies has been negative following the Brexit vote
Capital & Regional, the UK-focused shopping and leisure centre owner, said on Wednesday it had enjoyed a bumper festive season and expected to release strong results for the full 2016 financial year despite concern that the fallout from the Brexit vote would place pressure on UK consumers. Market sentiment around Capital & Regional and other UK-based JSE-listed real estate companies has been negative in recent months following the Brexit vote. UK pound returns received by South Africans from such firms, have also been under pressure from a stronger rand. Capital & Regional was among the worst performers in 2016, with a negative 39.81% total return. The company said in a trading statement for the half year to December 2016 that its shopping schemes enjoyed a good Christmas with like-for-like footfall over the past two weeks of the year up 2.2% on the prior year.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.