Capital & Regional’s three funds suffered valuation falls in September in what was a dire month for global financial markets.

The listed fund manager said today that the value of properties in the Mall shopping centre fund fell in the month by 2.9%, in the Junction retail park fund by 4% and in the X-Leisure fund by 4.4%. The fall in the geared value of units in each fund fell by 5.8% at the Mall, 8.7% at the Junction and 11.1% at X-Leisure.

The accumulated drop in the value of the funds’ portfolios in the first nine months of this year is 19.9% at the Mall, 16.8% at the Junction and 14.8% at X-Leisure.