Wt Wner Usd Regulatory News (WNER)

2 May 2007 13:30

Warner Estate Holdings PLC02 May 2007 Warner Estate Holdings PLC ("Warner Estate") WARNER ESTATE ADDS FURTHER TWO PROPERTIES TO GROWING LONDON OFFICE HOLDINGS Warner Estate Holdings PLC ("Warner Estate") announces the purchase of 2 AmericaSquare, EC3 and 16 Upper Woburn Place, WC1, further growing its office holdingsin core London locations. Benefiting from a central City location between Aldgate and Tower Hill tubestations, 2 America Square has been purchased for £25.1million, reflecting a netinitial yield of 5.91%. Purchased from London and Regional Holdings Ltd, the46,481 sq ft office building is multi-let. 16 Upper Woburn Place has been purchased from Investstream for £21.75 million,reflecting a net initial yield of 5.03%. The multi-let 40,363 sq ft officeproperty is centrally located in the Bloomsbury area, close to both Eustonstation and Russell Square. Michael Stevens, Property Director at Warner Estate comments: "We are delightedto add to our office holdings in London, particularly in the West End, andcontinue to seek further such investments". - ends - Date: 2nd May 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