Capital & Regional, the property fund manager and investor, has confirmed plans to raise about £65m for the Junction retail park fund, mostly through a placing of units with Area Property Partners, the US private equity group. Area, formerly Apollo Real Estate, will invest £50m, with the balance to be subscribed by existing unit holders. Units in the £734m fund will be issued at about 18p, a discount of about 40% to the March unit price.

This entry was posted by Gwen Robinson on Tuesday, April 21st, 2009 at 4:58 and is filed under Capital markets, Private equity. Tagged with Area Property, Capital & Regional, Junction. Edit this entry.