- 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.
Fire getting worse in Walthamstow. High flames mean public evacuated to Hoe Street and very tall flames from the Mall. @LondonFire doing great job in trying circumstances. Cherry picker brought down because of size of flames @BBCNews @BBCLondonNews pic.twitter.com/9eVjsDFsIv— Adam Cumiskey (@cumiskey) July 22, 2019
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.
Just visited scene of #Walthamstow #TheMall Shopping Centre fire. Huge thanx as ever @LondonFire @metpoliceuk @Ldn_Ambulance & @wfcouncil Officers for your bravery & professionalism in protecting life & minimising the damage & disruption of this major incident. @MayorofLondon pic.twitter.com/sbR0hD1Bep— Labourstone (@Labourstone) July 22, 2019
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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