19th Aug 2008 17:18
19 August 2008
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 31 July 2008 were as follows:
|
Valuation of properties |
Unit value at 31 July 2008 |
Unit value at 31 December 2007 |
Underlying valuation change YTD (1) |
Change in unit value (geared) YTD (2) |
Units owned by C&R |
C&R percentage of fund |
|
|
Mall Fund |
£2,249,090,787 |
£1.1918 |
£2.0642 |
(16.6)% |
(42.3)% |
157,742,057 |
16.7% |
|
Junction Fund |
£1,040,859,744 |
£1.4584 |
£1.8704 |
(10.8)% |
(22.0)% |
85,000,000 |
27.3% |
|
X-Leisure Fund |
£881,850,000 |
£1.4238 |
£1.6775 |
(7.8)% |
(15.1)% |
51,899,578 |
19.4% |
Notes:
(1) The underlying valuation change shows the increase/(decrease) in the value of the portfolio as a percentage of opening value adjusted for additions and disposals, over the seven 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 the seven months. Investors separately benefit from quarterly distributions of net income and periodic capital distributions.
- ENDS -
For further information:
Capital & Regional:
Hugh Scott-Barrett, Chief Executive Tel: 020 7932 8121
William Sunnucks, Group Finance Director Tel: 020 7932 8125
Maitland
Martin Leeburn Tel: 020 7379 5151
Emma Burdett Tel: 020 7379 5151
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Capital & Regional