TIDMOPF 
 
RNS Number : 6206G 
Off-Plan Fund Limited (The) 
03 February 2010 
 
+-------------------------------+-------------------------------------+ 
|                               |                     3 February 2010 | 
+-------------------------------+-------------------------------------+ 
 
 
                            THE OFF-PLAN FUND LIMITED 
                                  (the "Fund") 
 
                             Disposal of Properties 
 
The Fund is pleased to announce that on 2 February 2010 it exchanged contracts 
for the sale of its entire holding of units, comprising eight one-bedroom flats, 
at The Heart, Walton on Thames. 
 
These properties are being sold to Karlton Properties Limited for a total cash 
consideration of GBP1,340,000. This equates to a sale price of GBP167,500 per 
flat. The Fund acquired the flats in October 2008 for a purchase price of 
GBP165,000 per flat. 
 
On exchange the Fund received a 10 per cent. non-refundable deposit and expects 
completion to take place by 2 March 2010. 
 
Further to the announcement made by the Fund on 26 October 2009 and the 
approval, by Members, at a general meeting held on 4 December 2009 of the 
proposals to commence the orderly winding down of the activities of the Fund, 
the Directors reconfirm that they will consider all offers for the remaining six 
units at Wimbledon House, Leicester on an individual or group basis, in relation 
to their prevailing Red Book Valuations, in order to seek to maximise the 
potential return of cash to its Members. Furthermore, the Directors would like 
to remind Members that they will consider whether it is appropriate to make 
further redemptions or other forms of distributions at the time of the 
announcement of its annual results for the year ended 30 September 2009 which 
are expected to be released in March 2010. 
 
List of Contacts: 
 
Development Capital Management 
Andy Gardiner 
Tom Pridmore 
020 7355 7600 
 
Merchant John East Securities Limited 
(Nominated Adviser) 
Bidhi Bhoma/Simon Clements 
020 7628 2200 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 DISEAAADESXEEFF
Off-plan Fund (LSE:OPF)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Off-plan Fund Charts.
Off-plan Fund (LSE:OPF)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Off-plan Fund Charts.