Wt Wner Usd Regulatory News (WNER)

13 Feb 2007 12:09

Warner Estate Holdings PLC13 February 2007 Warner Estate Holdings PLC ("Warner Estate") WARNER ESTATE EXTENDS BIRKENHEAD HOLDINGS WITH NEW STRATEGIC PURCHASE Agora Max Shopping Centre Fund ("Agora Max"), the Warner Estate and Bank ofScotland JPUT, can today announce the strategic £300,000 purchase of the MiltonsPub long leasehold interest adjacent to its Pyramids and Grange Shopping Centrein Birkenhead. Located north of the Grange on Milton Pavement, the 4,800sq ft unit extendsAgora Max's holding in Birkenhead town centre and provides further opportunitiesfor the Fund to develop its stated plans to amalgamate and extend the shoppingcentre. Warner Estate Property Director, Michael Stevens, comments: "This purchasestrengthens our strategic holding in Birkenhead, allowing us to continue theprogress with our plans to turn the two centres into a single extended asset.Miltons Pub focuses our attention on the northern side of Milton Pavement wherewe are exploring opportunities to create large MSU units, satisfying strongretailer requirement for space in this town. We are already laying soundfoundations for the future by making immediate improvements, such as thecreation of the Conservatory at the Pyramids, and introducing new tenants tostrengthen the retail offer." A phased programme of investment in Birkenhead saw the completion late last yearof the £2.2million Conservatory food court development, which has introduced BBsCoffee & Muffins, Prego Pizza, Hey Potato, Subway as well as a new unit forBurger King. New retailers recently welcomed to the town centre include Sportsdirect,Peacocks, the Fragrance Shop and Deichmann Shoes, all now open on BoroughPavement in the Grange. Mobile phone retailer '3' have also opened a 2,227sq ftunit in the Grange's St Johns Square. Abbey have commenced fitting out their newunit following their relocation in the town, while HSBC plan to introduce theirnew retail format fit out later this year, also in the Pyramids. - ends - Date: 13th February 2007 For further information contact: Warner Estate Holdings PLC City Profile Philip Warner, Chairman Simon CourtenayMichael Stevens, Property Director Tel: 020-7488-3244Peter Collins, Finance DirectorTel: 020-7907-5100 Web: www.warnerestate.co.uk This information is provided by RNS The company news service from the London Stock Exchange