Disposal (2661D)
14 Maio 2012 - 7:00AM
UK Regulatory
TIDMWNER
RNS Number : 2661D
Warner Estate Holdings PLC
14 May 2012
Warner Estate Holdings PLC
("Warner Estate" or "the Group")
SALE OF 60 NEW BROAD STREET, LONDON EC2
Warner Estate announces that, on 11 May 2012, it exchanged
contracts for the sale of 60 New Broad Street, London EC2 for a
cash consideration of GBP28.624m to RREEF Spezial Invest, who were
acting on behalf of RVK Europa. The sale is due to complete on 18
May 2012. The property had a book value of GBP28.9m as at 30
September 2011 and contributed GBP0.5m of net annual rent in the
year ended 31 March 2011. The net proceeds from the sale of
GBP27.844m will be utilised to reduce the Group debt.
-ends-
Date: 14 May 2012
For further information contact:
Warner Estate Holdings PLC
Philip Warner, Chairman
Mark Keogh, Group Managing Director
Robert Game, Group Managing Director,
Property
Tel: 020 7907 5100
Web: www.warnerestate.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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