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Jul 272012
 
ASX Announcement. Carindale Property Trust (ASX:CDP) is scheduled to announce its full year results to 30 June 2012 on 15 August 2012.

The $310 million (CDP share $155 million) redevelopment of the Trust’s main asset, Westfield Carindale shopping centre in Brisbane, is expected to reach practical completion on 9 August 2012.

CDP’s interest in Westfield Carindale has been independently valued as at 30 June 2012 on the basis that the redevelopment has been completed. This results in CDP’s 50% interest in Westfield Carindale being valued at $668.5 million, reflecting a revaluation surplus of approximately $65 million.

CDP’s net tangible assets (NTA) as at 30 June 2012 is expected to be approximately $6.35 per share. This figure is in the process of being audited.

Further details will be provided as part of the 2012 full year results announcement.

Yours faithfully

WESTFIELD MANAGEMENT LIMITED
as responsible entity of Carindale Property Trust

Simon Tuxen
Company Secretary

27th July 2012

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