Capital Shopping Centres announcement regarding Broadmarsh, Nottingham

Broadmarsh, Nottingham

Capital Shopping Centres has today (9th November 2011) conditionally agreed to acquire Westfield Group’s 75% interest in the Broadmarsh Shopping Centre in Nottingham for a consideration of £55 million payable in cash.

Westfield and CSC are now in discussions with Westfield's partner, PossFund, about the proposed acquisition and PossFund's intentions with respect to its 25% interest in Broadmarsh.

Further details about the transaction will be announced once these discussions have concluded.

For media enquiries relating to the above, please contact Amanda Campbell, Capital Shopping Centres on 0207 887 4220.