Skadden is representing Capital Shopping Centres Group PLC in connection with the acquisition of its U.S. subsidiary, Capital and Counties USA Inc. (C&C USA), by Equity One, Inc. through a joint venture with Capital Shopping Centres. The transaction, announced May 23, is valued at approximately $600 million. C&C USA owns a portfolio of 15 retail properties in California. Capital Shopping Centres is one of the U.K.'s largest listed property companies and a real estate investment trust (REIT). Equity One is an owner, developer and operator of shopping centers and a U.S. publicly traded REIT.