Taliesin Property Fund Limited Estimated Net Asset Value at 31 December 2014 (9220C)
January 22 2015 - 10:24AM
UK Regulatory
TIDMTPF TIDMTPFZ
RNS Number : 9220C
Taliesin Property Fund Limited
22 January 2015
For immediate release on 22 January 2015
Taliesin Property Fund Limited
("Taliesin" or the "Company")
Estimated Net Asset Value at 31 December 2014
The Board of Taliesin Property Fund Limited announces that it
has been advised by the Company's property valuers, Jones Lang
LaSalle, that its preliminary valuation of the Company's portfolio
confirms a continued rise in the value of the properties over the
year ended 31 December 2014.
Based on the Company's unaudited management accounts as at 31
December 2014 and the Jones Lang LaSalle preliminary valuation
analysis, the adjusted NAV per share of the Company is estimated to
amount to approximately Euro 24 per Share. This represents an
increase of approximately 19 per cent. over the adjusted NAV per
share of Euro 20.10 as at 31 December 2013.
The Berlin property market remains strong and the recent decline
in Government bond yields highlights the relative attraction of
rental yields. Taliesin continues to achieve excellent rental
growth across its portfolio and the announcement last month of the
Company's first sale reservation for a residential unit illustrates
the potential upside to the value of the portfolio from the
privatisation process.
Taliesin expects to announce its annual results for the year
ended 31 December 2014 towards the end of April.
For further information, please contact:
Taliesin Property Fund Limited
Mark Smith, Director 01534 700 000
Westhouse Securities Limited
Alastair Moreton 020 7601 6118
This information is provided by RNS
The company news service from the London Stock Exchange
END
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