WATCH: Fire engulfs a London mall owned by a JSE-listed company

Business Insider SA
The fire at Capital & Regional's mall in Walthamstow, London started on Monday morning. Photo: London Fire Brigade
  • A large London mall went up in flames on Monday.
  • The mall is owned by the property company Capital & Regional, which has a secondary listing on the Johannesburg Stock Exchange.
  • For more stories, go to Business Insider SA.

The JSE-listed property company Capital & Regional has been hit by a massive fire at one of its malls in London.

On Monday morning, its Walthamstow mall was engulfed in flames.

The BBC reported that more than 150 firefighters and 25 fire engines were called out to the mall in the east of London. The cause of the fire is not yet known. One person was taken to hospital.

The mall of almost 80,000 square metres contains 66 shops. Some employees told media outlets that their shops were destroyed. One woman has been taken to hospital.

By early afternoon, the London Fire Brigade told the BBC that the fire was under control. The BBC reported that a part of the roof that was on fire has caved in.

A local member of parliament Stella Creasy was at the scene and told Mirror Online that the damage is "extensive". She said staff of the various shops were "very upset" and anxious about their jobs. Some freelance workers feared losing their livelihoods.

Capital & Regional, which as a primary listing in London, launched its secondary listing in Johannesburg in 2015 following significant interest from South African institutions and private investors. It owns eight UK malls and leisure centres.

Its share price fell by 8% on Monday following news of the fire. In a statement, the company said its “immediate priority is site, customer and staff safety”.

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