Purchase of 6 Apartments

Off-Plan Fund Limited (The)
01 September 2006


For Immediate Release                                           1 September 2006


                           The Off-plan Fund Limited

                    Purchase of six apartments in Leicester


The Off-plan Fund Limited, which specialises in providing forward finance to UK 
housebuilders, has completed on its contracts to purchase six apartments at 
Wimbledon House in Leicester. The purchase price totalling £931,500 was 
financed using cash reserves.

The purchase comprises six apartments on the ground and first floors within a 
development of 20 units in a recently refurbished Victorian warehouse. The
Red-Book valuation carried out at the March interim period valued the properties
at £1,060,000.

The Board intendeds to let the apartments, whilst the immediate area undergoes 
further redevelopment. Close by, a new landmark building, which is to house the
Performing Arts Centre, is due for completion in late 2007 and the Board
therefore  believes there is potential for further capital growth.


List of Contacts

Development Capital Management
Roger Hornett
Tom Pridmore
020 7355 7600


Buchanan Communications

Charles Ryland
020 7466 5000


Numis Securities

Charles Farquhar
020 7776 1500




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