Capital & Regional Appoints Pierre-Yves Gerbeau as Chief Executive of Xscape.Business Editors LONDON--(BUSINESS WIRE)--Sept. 18, 2001 Capital & Regional plc (LSE LSE - Language Sensitive Editor :CAL.)(LSE:CALp.), the specialist retail and leisure property company today announces P-Y Gerbeau as Chief Executive of Xscape Ltd. P-Y Gerbeau was previously Chief Executive of the Millennium Dome This article is about the Millennium Dome before its redevelopment and renaming to The O2 in 2005. . In his earlier career, P-Y was Vice President of Park Operations for Euro Disney, Europe's largest visitor attraction. Outside commercial life, he holds the position of Executive-in-Residence at the London Business School Around 800 degree students, from 70 countries, graduate from the school each year. Over 80 percent of students, and over 70 percent of faculty, come from outside the UK. A further 6,000 executives attend the school executive education programmes each year. . Xscape is an innovative concept, the first of its kind in Europe, a destination offering entertainment and sports with lifestyle brands, bars and cafes and Europe's biggest indoor 'real snow' ski slope. The first Xscape opened in Milton Keynes Milton Keynes (mĭl`tən kēnz`), town (1991 pop. 36,886) and borough, S central England. Milton Keynes was designated one of the new towns in 1967 to alleviate overpopulation in London. It is the seat of the Open Univ. in June 2000. It is a spectacular building over half a million square feet and to date has attracted over 4 million visitors, an average of over 80,000 people a week. Commenting on this key appointment, Martin Barber A barber (from the Latin barba, "beard") is someone whose occupation is to cut any type of hair, give shaves, and trim beards. In previous times, barbers also performed surgery and dentistry. , Chief Executive of Capital & Regional said: "Last year, Capital & Regional opened an innovative concept, Xscape, combining urban sports and shopping under one roof. Realising the formidable value and expansion potential of combining the two worlds of property development with leisure, entertainment and entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. skills, we approached P-Y to help us build Xscape as an international brand and business." P-Y Gerbeau said: "I immediately recognised the enormous potential of a great brand in Xscape. This opportunity allows me to combine all my skills in brand management and leisure-entertainment businesses and I passionately believe Xscape will be 'The Destination of the Future'." NOTES TO EDITORS: Xscape Xscape, Milton Keynes is a 50:50 joint venture between Capital & Regional plc and two funds managed by PRICOA Property Investment Management Limited. Further Xscape projects are being pursued in Castleford, Yorkshire on the M62, adjacent to the Freeport factory outlet centre; Braehead in Glasgow alongside our joint venture partner, Capital Shopping Centres A shopping centre management company, Capital Shopping Centres own several shopping centres in the UK
Capital & Regional plc Capital & Regional is a specialist property company, owning and developing some of the most exciting and distinctive retail and leisure properties throughout the UK. The current portfolio value is (pound)800m of which over 90% is retail and leisure, totalling seven million sq ft, with 500 stores and over 127 million shoppers per annum Per annum Yearly. . The Company's retail and leisure portfolio focuses on three areas: shopping centres, retail parks and Xscape. The shopping centre portfolio comprises of eight in-town community value centres ranging from Shopping City in Wood Green, North London North London is a part of London, England which has several possible definitions. River & geography The part of London north of the River Thames (illustrated). to The Pallasades, above New Street Station in central Birmingham. The out-of-town portfolio consists of retail parks in areas such as Hull, Beckton, Aylesbury, Renfrew and Swansea. |
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