13th Nov 2007 13:56
Capital & Regional plc13 November 2007 13 November 2007 CAPITAL & REGIONAL PLC: VALUATION OF MALL, JUNCTION AND X-LEISURE FUNDS Capital & Regional plc, the co-investing property asset manager, today announcedthat the unit values of the Mall Limited Partnership, the Junction LimitedPartnership and the X-Leisure Limited Partnership as at 31 October 2007 were as follows: Valuation Unit Unit Underlying Change in Units C&R Unit of value at value at valuation unit value owned percentage value at properties 31 October 31 December change % (geared) by C&R of fund 31 October 2007 2006 (1) (2) 2007 (incl MTM) (3) Mall Fund £3,168,387,240 £2.3442 £2.4883 (2.4)% (5.8)% 157,742,057 24.2% £2.4000 Junction Fund £1,394,421,981 £2.4106 £2.8481 (8.3)% (15.4)% 85,000,000 27.3% £2.4809 X-Leisure Fund £982,200,000 £1.8228 £1.7586 3.0% 3.7% 51,949,578 19.4% Notes: (1) The underlying valuation change shows the increase/(decrease) in the valueof the portfolio as a percentage of opening value adjusted for additions anddisposals, over the ten 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 theten months. In addition investors benefit from quarterly distributions of netincome and periodic capital distributions. Capital distributions to fund unit holders reduce the unit price. In the yearMall unit holders have received capital distributions of £0.04 per unit,Junction unit holders have received £0.03 per unit and X-Leisure unit holdershave received £0.005 per unit. (3) MTM - mark to market unit value including the surplus on revaluation ofinterest rate swaps and fixed interest debt. - ENDS - For further information: Capital & Regional: Martin Barber, Chief Executive Tel: 020 7932 8101William Sunnucks, Group Finance Director Tel: 020 7932 8125 Maitland Martin Leeburn Tel: 020 7379 5151Emma Burdett Tel: 020 7379 5151 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Capital & Regional