LIBERTY INTERNATIONAL PLC INTERIM MANAGEMENT STATEMENT FOR THE PERIOD FROM 1 JULY 2009 TO 4 NOVEMBER 2009
Highlights of the period:
- Capital Shopping Centres` occupancy improved since 30 June 2009 from 98.3 per cent to 98.9 per cent
- Excluding tenants in administration occupancy increased from 96.3 per cent to 97.6 per cent
- Opened major new extension of St David`s, Cardiff on 22 October, increasing the centre size to 1.4 million sq.ft. - 70 per cent committed by area, 65 per cent by income
- Concluded GBP290 million debt facility secured on St David`s, Cardiff (Liberty International share 50 per cent)
- Collaboration agreement signed with adjoining landowners for Earls Court Regeneration Area
- GBP274 million net equity raised through placing of 56.1 million new shares at GBP5.00 per share
- Net external debt of GBP3.1 billion after GBP274 million capital raise with pro forma debt to assets 51 per cent
