Statement re. Press Comment

RNS Number : 2505Q
Capital & Regional plc
07 April 2009
 



Capital & Regional plc


The Junction Fund Update



Capital & Regional plc, the co-investing property asset manager, confirms that The Junction Fund (in which Capital & Regional holds a 27.3% stake and is the property asset manager) is currently in discussions with potential equity investors as part of its plans to strengthen its financial position.


The Junction Fund is one of the UK's leading investors in retail parks and a recognised specialist in this sector of the property market. 


Progress also continues to be made on plans to provide long term stability to the X-Leisure Fund, in which Capital & Regional holds a 19.4% stake and is the property asset manager.


Further details will be provided on or before 24 April when Capital & Regional announces its 2008 results.


-ENDS-



For further information:


Capital & Regional

020 7932 8000

Charles Staveley, Finance Director




Maitland

020 7379 5151

Martin Leeburn


Emma Burdett





This information is provided by RNS
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