Last checked at 16 Jul 2010 07:00
CAPITAL & REGIONAL PLC:
QUARTERLY FUND VALUATIONS
Capital & Regional plc, the co-investing property asset manager, today announces that the unit values of The Mall, The Junction and X-Leisure funds as at 30 June 2010 were as follows:
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| Valuation of | Underlying | Change | Net Initial | Unit value at | Unit value at | C&R |
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| properties | valuation change in period (1) | in unit price (geared) in period | Yield | 30 June 2010 | 31 March 2010 | percentage of fund |
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| The Mall | £1,168,150,000 | 2.2% | 10.2% | 7.00% | £0.3307 | £0.3002 | 16.7% |
| The Junction | £547,070,000 | 0.2% | 0.4% | 5.98% | £0.3696 | £0.3683 | 13.4% |
| X-Leisure | £545,900,000 | 3.9% | 9.7% | 7.08% | £0.2954 | £0.2694 | 11.9% |
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 period.
(2) Capital & Regional own the following number of units in each fund: The Mall 157,742,057, The Junction 88,261,870, X-Leisure 91,899,578. The percentage ownership of the Junction is likely to fall by up to 0.2% as a consequence of adjustments to the number of units issued as part of the open offer.
Further details and an update on current trading conditions will be provided in the Group's interim results statement which will be issued on 11 August 2010.
- ENDS -
For further information:
| Capital & Regional: |
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| Hugh Scott-Barrett, Chief Executive | Tel: 020 7932 8121 |
| Charles Staveley, Group Finance Director | Tel: 020 7932 8000 |
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| Maitland |
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| Martin Leeburn | Tel: 020 7379 5151 |
| Emma Burdett | Tel: 020 7379 5151 |