Fund Valuations

RNS Number : 3133D
Capital & Regional plc
12 September 2008
 






12 September 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 31 August 2008 were as follows:  



Valuation of properties

Unit value at 
31 August 2008

Unit value at 
31 December 2007

Underlying valuation change YTD

(1)

Change in unit value (geared) YTD

(2)

Units owned by C&R

C&R percentage of fund

Mall Fund

£2,242,590,802

£1.1842

£2.0642

(17.0)%

(42.6)%

157,742,057

16.7%

Junction Fund

£961,974,512

£1.3862

£1.8704

(12.8)%

(25.9)%

85,000,000

27.3%

X-Leisure Fund

£856,950,000

£1.3289

£1.6775

(10.4)%

(20.8)%

51,899,578

19.4%



Notes:  

(1)    The underlying valuation change shows the increase/(decrease) in the value of the portfolio as a 
        percentage of opening value adjusted for additions and disposals, over the eight months.

(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 over the eight months.  Investors separately benefit from quarterly
         distributions of net income and periodic capital distributions.
  


ENDS -


For further information:

Capital & Regional:

Hugh Scott-Barrett, Chief Executive                                  Tel:  020 7932 8121

William Sunnucks, Group Finance Director                      Tel:  020 7932 8125


Maitland

Martin Leeburn / Emma Burdett                                         Tel: 020 7379 5151

                          


This information is provided by RNS
The company news service from the London Stock Exchange
 
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