2nd Mar 2006 11:09
Off-Plan Fund Limited (The)02 March 2006 The Off-plan Fund Limited 2 March 2005 For immediate release The Off-plan Fund Limited Valuation as at 31 December 2005 The Board of The Off-plan Fund Limited (the "Fund"), which specialises inproviding forward finance to UK housebuilders, is pleased to announce its firstquarter valuation following a successful listing on AIM. •Using Red Book* valuations for the underlying properties, the estimated net asset value for the Fund is £8.6m (93.1p per share) as at 31 December 2005. •The net asset value of the Fund prepared under historical cost convention as at that date is £7.9m (85.4p per share). * The Red Book is the Asset Valuation Practice and Guidance Notes of the RoyalInstitute of Chartered Surveyors and is the industry standard method for valuinginvestment properties. The valuation was prepared by Colliers CRE as at 30September 2005, the date of the last financial statements. List of Contacts Development Capital ManagementRoger HornettRupert Phillips020 7399 4270 Numis SecuritiesEmma PrimaroloCharles Farquhar020 7776 1500 Buchanan CommunicationsCharles RylandIsabel Podda020 7466 5000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Audioboom Grp.