Valuation as at 31 Dec 05
March 02 2006 - 6:09AM
UK Regulatory
RNS Number:1870Z
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 in
providing forward finance to UK housebuilders, is pleased to announce its first
quarter 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 Royal
Institute of Chartered Surveyors and is the industry standard method for valuing
investment properties. The valuation was prepared by Colliers CRE as at 30
September 2005, the date of the last financial statements.
List of Contacts
Development Capital Management
Roger Hornett
Rupert Phillips
020 7399 4270
Numis Securities
Emma Primarolo
Charles Farquhar
020 7776 1500
Buchanan Communications
Charles Ryland
Isabel Podda
020 7466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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