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CSO - Capital Shopping Centres Group Plc - Capital Shopping Centres announces acquisition of remaining 25% of Broadmarsh Centre, Nottingham CAPITAL SHOPPING CENTRES GROUP PLC (Registration number UK3685527) ISIN Code: GB0006834344 JSE Code: CSO Issuer Code: CSCSCG Press Release 24 November 2011 Capital Shopping Centres announces acquisition of remaining 25% of Broadmarsh Centre, Nottingham Capital Shopping Centres (CSC) today announced that it has agreed terms to acquire the remaining 25% interest in Broadmarsh in Nottingham from Possfund Custodian Trustee Limited (represented by LaSalle Investment Management) for a consideration of GBP18.3 million. This follows the agreement earlier this month to acquire Westfield`s 75% interest in the shopping centre for GBP55 million. CSC will now own 100% of the Broadmarsh Retail Limited Partnership which owns the 487,000 sq ft shopping centre. Broadmarsh comprises circa 80 units anchored by BHS, Argos, Boots and Wilkinsons with annual footfall of 17 million. CSC owns 100% of the Victoria Centre, Nottingham and has submitted a planning application, which we expect to be determined in the near future, for a 540,000 sq ft extension to the centre following a public consultation that attracted substantial local support. Commenting on the acquisition, David Fischel, CSC`s chief executive, said: "CSC is delighted to have acquired this important asset in Nottingham. Common ownership of Victoria Centre and Broadmarsh greatly improves the prospect of transformational retail and leisure led development taking place within the city to the benefit of the local and wider Nottingham community." He continued, "The Victoria Centre has been at the heart of Nottingham for over 40 years and this acquisition further underlines our commitment to the city, which is one of the UK`s top ranking retail destinations. We look forward to working with Nottingham City Council on this exciting opportunity." Completion of the overall transaction is expected to take place within the coming weeks. ENQUIRIES: Capital Shopping Centres Group PLC: David Fischel Chief Executive +44 (0)20 7960 1207 Matthew Roberts Finance Director +44 (0)20 7960 1353 Kate Bowyer Investor Relations Manager +44 (0)20 7960 1250 Public relations: UK: Michael Sandler, Hudson Sandler +44 (0)20 7796 4133 Wendy Baker, Hudson Sandler +44 (0)20 7710 8917 SA: Nicholas Williams, College Hill +27 (0)11 447 3030 Sponsor: Merrill Lynch SA (Pty) Limited NOTES TO EDITORS: Capital Shopping Centres is the leading specialist UK regional shopping centre REIT. Capital Shopping Centres Group PLC (CSC) is the UK`s leading specialist developer, manager and owner of pre-eminent regional shopping centres. With a portfolio of 14 centres representing 16 million sq ft of retail space and a valuation of GBP6.9 billion CSC`s assets attract well over 300 million customers a year. CSC`s assets comprise five major out-of-town centres including four of the UK`s top six - Trafford Centre, Manchester; Lakeside, Thurrock; Metrocentre, Gateshead; Braehead, Glasgow and The Mall at Cribbs Causeway, Bristol - and nine in-town centres including centres in prime destinations such as Cardiff, Manchester, Newcastle, Norwich and Nottingham. With a dedicated and skilled management team CSC aims to be the landlord of choice for retailers and to provide compelling destinations for shoppers. It is a responsible and environmentally conscious participant in the communities where it invests. In April 2011 CSC was recognised as the UK`s Top Shopping Centre Investment Manager in Going Shopping 2011 -- The Definitive Guide to Shopping Centres published by Trevor Wood Associates. For further information see www.capital-shopping-centres.co.uk --- Ends ---
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