Capital & Regional drops as one potential bidder walks away

Investor walks away

Property investor, ADIA, has walked away from a potential deal to buy a £385m portfolio of shopping centres from Capital & Regional.

Portfolio sale

The news has emerged following reports that Capital & Regional was in talks with a number of investors about selling the portfolio, which comprises 13 shopping centres. The portfolio is spread across the UK and includes some of the company's most valuable assets, such as the Trafford Centre in Manchester and the Metrocentre in Gateshead.

Share price drop

Following the news, shares in Capital & Regional dropped by as much as 13%. This is a significant drop for the company, which has been struggling in recent times. The company has been hit by the decline in the retail sector, which has led to a number of its tenants going into administration. As a result, Capital & Regional has been forced to write down the value of its assets, which has led to losses.

Impact on company

The loss of a potential bidder is a blow to Capital & Regional, but it was not unexpected. The company has been struggling for some time, and it is clear that it will need to take drastic action if it is to survive. It is possible that the company will now be forced to sell off more of its assets in order to raise cash. This could lead to further losses and could ultimately lead to the company going into administration.

Future prospects

The future prospects for Capital & Regional are uncertain. The company is facing a number of challenges, and it is unclear whether it will be able to overcome them. It is possible that the company will be able to sell off some of its assets and raise cash, which could give it a chance to survive. However, it is also possible that the company will be forced to go into administration. Only time will tell what the future holds for Capital & Regional.