Capital & Regional sees return of tenant trading
By Edward West
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CAPE TOWN - CAPITAL & Regional, landlord of seven regional shopping centres in the UK, said yesterday that the end of the second national lockdown in the UK, was encouraging.
The share price shot up 10.43 percent to close at R14.29 on the JSE yesterday following the release of the announcement.
Ninety-eight percent of its units were open, the UK-listed real estate investment group with a secondary JSE listing, said in an update yesterday. Chief executive Lawrence Hutchings said this was even though some form of government restrictions were likely to continue for a period of time.