16th Oct 2009 07:00
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 June2009 |
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:
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Capital & Regional:
|
|
|
Hugh Scott-Barrett, Chief Executive
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Tel:020 7932 8000
|
|
Charles Staveley, Group Finance Director
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Tel:020 7932 8000
|
|
|
|
|
Maitland:
|
|
|
Martin Leeburn
|
Tel:020 7379 5151
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|
Emma Burdett
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Tel:020 73795151
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