Fund Valuation

RNS Number : 4430P

Capital & Regional plc

16 July 2010

 



CAPITAL & REGIONAL PLC:

QUARTERLY FUND VALUATIONS

Capital & Regional plc, the co-investing property asset manager, today announces that the unit values of The Mall, The Junction and X-Leisure funds as at 30 June 2010 were as follows: 

	Valuation of	Underlying	Change	Net Initial	Unit value at	Unit value at	C&R
	properties	valuation change in period (1)	in unit price (geared) in period	Yield	30 June 2010	31 March 2010	percentage of fund
The Mall	£1,168,150,000	2.2%	10.2%	7.00%	£0.3307	£0.3002	16.7%
The Junction	£547,070,000	0.2%	0.4%	5.98%	£0.3696	£0.3683	13.4%
X-Leisure	£545,900,000	3.9%	9.7%	7.08%	£0.2954	£0.2694	11.9%

Notes: 

(1)       The underlying valuation change shows the increase/(decrease) in the value of the portfolio in the quarter as a percentage of the value of the portfolio at the beginning of the period.

(2)      Capital & Regional own the following number of units in each fund: The Mall 157,742,057, The Junction 88,261,870, X-Leisure 91,899,578.  The percentage ownership of the Junction is likely to fall by up to 0.2% as a consequence of adjustments to the number of units issued as part of the open offer.

Further details and an update on current trading conditions will be provided in the Group's interim results statement which will be issued on 11 August 2010.

- ENDS -

For further information:

Capital & Regional:
Hugh Scott-Barrett, Chief Executive	Tel:  [phone]
Charles Staveley, Group Finance Director	Tel:  [phone]
Maitland
Martin Leeburn	Tel:  [phone]
Emma Burdett	Tel:  [phone]

 

END

 

 

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