Capital Shopping Centres

CSC’s centres are focussed on providing variety, diversity and volume of shops in a single location containing the most attractive flagship and department stores, offering the best services and providing a safe, stress-free, and rewarding shopping experience.

Active management is at the heart of our business with two projects completed in the first half of 2008:

• St. George’s Way, Eldon Square, Newcastle, a new mall, previously the old bus station, opened in February and provides 48,000 sq.ft. of additional retail space, 84 per cent committed by income, 93 per cent by floor area; lettings include Waitrose, Argos and Boots.
• The 50,000 sq.ft. project to remodel the High Street entrance of The Glades, Bromley, opened for trade in May. The new retail space is 93 per cent committed by income with the remaining 7 per cent in negotiation and has been let to first rate retailers such as H&M, Mango and Body Shop, providing their best concept stores.

The £45 million remodelling of the Yellow and Blue Quadrants at MetroCentre commenced on site in May to upgrade leisure and catering facilities including a new state of the art cinema, family entertainment centre and restaurants. 49 per cent of the anticipated income is committed, 57 per cent by floor area. The first phase will open in Autumn next year and the second phase in Autumn 2010.

Several projects are underway at our other centres including the refurbishment and tenant mix repositioning of the retail park at Cribbs Causeway. We are also remodelling the food court in the shopping centre to provide eight new restaurants, five of which are committed with the remaining three in negotiation.

We are continually looking to upgrade and refresh our centres to provide the optimum shopping environments for our retailers and to be the most compelling destinations of choice for our shoppers. Value enhancing projects are underway or at design or feasibility stage at most of our shopping centres which can be brought forward at the appropriate time.

Below are brief details of our CSC shopping centres, with links to their public websites. Additional information on each centre may be found on the Capital Shopping Centres website.

• Braehead, Renfrew, Glasgow (98,470 sq. m. / 1.06 million sq. ft.)
  - Xscape, Braehead (42,730 sq. m. / 460,000 sq. ft.)
• Chapelfield, Norwich (49,240 sq. m. / 530,000 sq ft)
• The Chimes, Uxbridge (40,880 sq. m. / 440,000 sq. ft.)
• Cribbs Causeway, Bristol (92,440 sq. m. / 995,000 sq. ft.)
• Eldon Square, Newcastle (90,670 sq. m. / 976,000 sq. ft.)
• The Glades, Bromley (43,020 sq. m. / 463,000 sq. ft.)
• The Harlequin, Watford (67,450 sq. m. / 726,000 sq. ft.)
• Lakeside, Thurrock (133,180 sq. m. / 1.43 million sq. ft.)
• Manchester Arndale (130,060 sq. m. / 1.4 million sq. ft.)
  - New Cathedral Street, Manchester (18,580 sq. m. / 200,000 sq. ft.)
• MetroCentre, Gateshead (189,390 sq. m. / 2.04 million sq. ft.)
• The Potteries, Stoke-on-Trent (52,600 sq. m. / 566,000 sq. ft.)
• St David’s, Cardiff (39,670 sq. m. / 427,000 sq. ft.)
• Victoria Centre, Nottingham (91,140 sq. m. / 981,000 sq. ft.)
• Westgate, Oxford (69,680 sq. m. / 750,000 sq. ft.)