Regulatory Story
Go to market news section View chart   Print
Company Capital & Regional plc
TIDM CAL
Headline

Fund Valuations

Released 07:00 11-Jan-2013
Number 3120V07

RNS Number : 3120V
Capital & Regional plc
11 January 2013
 

11 January 2013

Capital & Regional plc

Quarterly Mall Fund Valuation

 

Capital & Regional plc ('C&R') today announces that the Mall property valuations and unit values as at 31 December 2012 were as follows: 

Fund

Valuation of    properties

Underlying valuation change in period 1

Change in unit value (geared) in period

Net initial yield

Unit value at 31 December  2012

Unit value at 30 September   2012

C&R percentage of fund 2

The Mall Fund

£850,800,000

(0.1)%

1.6%

7.00%

£0.3890

£0.3830

20.1%

1   The underlying valuation change shows the like for like 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   At 31 December 2012 Capital & Regional owned 190,005,537 units in The Mall fund.

 

Commenting on the valuations Hugh Scott-Barrett said:

"A number of asset management initiatives have increased valued income during the quarter offsetting a slight softening in yields outside London and the South East.  Valuations have therefore remained broadly stable."

 

Further details and an update on current trading conditions will be provided in the Group's preliminary results announcement which will be issued on 13 March 2013.

 

- ENDS -

For further information:

Capital & Regional:                                          

Hugh Scott-Barrett, Chief Executive                           Tel: 020 7932 8000

Charles Staveley, Group Finance Director                 Tel: 020 7932 8000

 

Maitland:

Martin Leeburn / Emma Burdett                                 Tel: 020 7379 5151

 

Capital & Regional is a specialist property company with a track record of developing asset management opportunities in town centre shopping centres and out of town retail parks.

 

Capital & Regional founded The Mall Fund in conjunction with Aviva Investors. Capital & Regional acts as Property and Asset Manager for the Mall and holds 20.1% of the Fund.

 

Capital & Regional & AREA Property Partners each hold a 50% interest in a German retail property portfolio which is managed by Garigal Asset Management GmbH, in which Capital & Regional holds a 30% interest.

 

Capital & Regional has a number of other joint ventures and wholly-owned properties.

 

For further information see www.capreg.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSFIFWSFDSESF
Close
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

Fund Valuations - RNS