Fund Valuations

RNS Number : 9840J

Capital & Regional plc

12 December 2008

 



12 December 2008

CAPITAL & REGIONAL PLC:

VALUATION OF MALL, JUNCTION AND X-LEISURE FUNDS

Capital & Regional plc, the co-investing property asset manager, today announced that the unit values of the Mall Limited Partnership, the Junction Limited Partnership and the X-Leisure Limited Partnership as at 30 November 2008 were as follows:  

	Valuation of properties	Unit value at  30 November 2008	Unit value at  31 October 2008	Underlying valuation change in  month (1)	Change in unit value (geared) in month (2)	Units owned by C&R	C&R percentage of fund
Mall Fund	£1,891,767,716	£0.8062	£0.9138	(5.2)%	(11.8)%	157,742,057	16.7%
Junction Fund (3)	£788,830,954	£0.9483	£1.1616	(6.7)%	(18.4)%	85,000,000	27.3%
X-Leisure Fund	£760,700,000	£0.9439	£1.0665	(4.2)%	(11.5)%	51,899,578	19.4%

Notes: 

(1)     The underlying valuation change shows the increase/(decrease) in the value of the portfolio in the month as a percentage of the value of the portfolio at the beginning of the month (as adjusted for sales). 

(2)     The change in unit value reflects the movement in the capital value (excluding the impact of debt mark to market adjustments) of the fund in the month. Investors separately benefit from quarterly distributions of net income and periodic capital distributions. 

(3)     The Junction Fund valuation of property reflects the sale of Leicester. The cash from the sale, which is included in the unit value on 30 November 2008, will be used to reduce fund debt. 

- ENDS -

For further information:

Capital & Regional:

Hugh Scott-Barrett, Chief Executive                      Tel: [phone]

Charles Staveley, Group Finance Director           Tel:  [phone]

Maitland

Martin Leeburn / Emma Burdett                             Tel: [phone]

 

END

 

 

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