7th Apr 2009 07:51
Capital & Regional plc
The Junction Fund Update
Capital & Regional plc, the co-investing property asset manager, confirms that The Junction Fund (in which Capital & Regional holds a 27.3% stake and is the property asset manager) is currently in discussions with potential equity investors as part of its plans to strengthen its financial position.
The Junction Fund is one of the UK's leading investors in retail parks and a recognised specialist in this sector of the property market.
Progress also continues to be made on plans to provide long term stability to the X-Leisure Fund, in which Capital & Regional holds a 19.4% stake and is the property asset manager.
Further details will be provided on or before 24 April when Capital & Regional announces its 2008 results.
-ENDS-
For further information:
|
Capital & Regional |
020 7932 8000 |
|
Charles Staveley, Finance Director |
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|
Maitland |
020 7379 5151 |
|
Martin Leeburn |
|
|
Emma Burdett |
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