Capital and Regional and Morley Fund Management are to launch a Retail Park Investment fund. C&R will transfer six of its retail parks to the value of £165m into the fund with five more, worth £171m, coming from clients of Morley. C&R will act as the property and asset manager of the fund and Morley will be the fund manger. The companies intend to add leisure attractions to the parks and will announce their plans in January 2002. There's currently a big resistance to visiting retail parks from kids, because there's nothing for them to do, said chief executive of C&R, Martin Barber, we are going to address this problem.
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