Fund Valuations

RNS Number : 3133D

Capital & Regional plc

12 September 2008

 



12 September 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 August 2008 were as follows:  

	Valuation of properties	Unit value at  31 August 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	£2,242,590,802	£1.1842	£2.0642	(17.0)%	(42.6)%	157,742,057	16.7%
Junction Fund	£961,974,512	£1.3862	£1.8704	(12.8)%	(25.9)%	85,000,000	27.3%
X-Leisure Fund	£856,950,000	£1.3289	£1.6775	(10.4)%	(20.8)%	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 eight 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 eight 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:  [phone]

William Sunnucks, Group Finance Director                      Tel:  [phone]

Maitland

Martin Leeburn / Emma Burdett                                         Tel: [phone]

 

END

 

 

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