Schroder Ventures Intl Inv Tst PLC
10 June 2002
For immediate release 10 June 2002
SCHRODER VENTURES INTERNATIONAL INVESTMENT TRUST PLC
The Board of Schroder Ventures International Investment Trust plc ('SVIIT')
today announces that the Japan Venture Fund III has realised the majority of its
holding in XYMAX, a leading property management company in Japan.
SVIIT has received approximately £9.5 million from this single realisation,
representing approximately 50% of its total commitment to the Fund.
The partial realisation of XYMAX values SVIIT's total holding in the company,
before the realisation, at £14.4 million, an uplift of £3.9 million to the
December 2001 valuation and £12.6 million to cost.
XYMAX (formerly Recruit Building Management Ltd) was bought in January 2000 and
manages over 250 office buildings. It services two separate market segments -
the sub-leasing market for small to medium sized building owners and the
property management market for institutional real estate investors.
For further information, please contact:
Schroder Ventures International Investment Trust plc
John McLachlan/Nick Ferguson 020 7010 8911
Schroder Ventures (London) Limited
Alice Todhunter 020 7010 8925
Emily Morris/Annabel O'Connor 020 7072 4226
This information is provided by RNS
The company news service from the London Stock Exchange