17 July 2017 – contract renewal
The company has announced that it has extended its exclusive contract to manage the promotional and retail space across M&G Real Estate’s wholly-owned portfolio of shopping centres for a further five years. M&G Real Estate’s portfolio of shopping centres includes The Galleries Washington, Cwmbran Centre, The Friary Guildford, Ayr Central, Culver Square Colchester, Fremlin Walk Maidstone, Brunswick Centre Scarborough and Gracechurch Centre Sutton Coldfield. The shares look good value and we believe that a BUY rating is appropriate.