Fund Valuations

RNS Number : 8836A

Capital & Regional plc

16 October 2009

 

16 0ctober 2009

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 September 2009 were as follows:

	Valuation of properties £'000	Underlying valuation change in quarter (1)	Net Initial Yield	Unit value at  30 September 2009	Unit value at  30 June 2009	Units owned by C&R	C&R share of fund
Mall Fund	£1,345,870	(0.6)%	8.24%	£0.2301	£0.2377	157,742,057	16.7%
Junction Fund	£596,782	1.2 %	7.32%	£0.2468	£0.2368	88,261,870	13.4%
X-Leisure Fund (2)	£512,250	(2.3)%	8.01%	£0.1920	£0.4030	91,899,578	11.9%

The Company will provide more commentary on these valuations and current market conditions in its IMS which will be issued on 12 November 2009.

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 quarter (as adjusted for sales). 

(2) The September figures for X-Leisure reflect the impact of the fund's £50m capital raise during the quarter.

      -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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