Wt Wner Usd Regulatory News (WNER)

6 Dec 2005 10:02

Warner Estate Holdings PLC06 December 2005 Warner Estate Holdings PLC WARNER ESTATE ACQUIRES 50% STAKE IN INDUSTRIAL FUNDS LIMITED Warner Estate Holdings PLC ("Warner Estate"), the property investment company,has today, announced that it has acquired the outstanding 50% stake inIndustrial Funds Limited ("IFL") from its partner Anglo Irish Bank. IFL was thejoint venture vehicle created to acquire Ashtenne Holdings plc. Philip Warner, Chairman at Warner Estate commented: " Following the completion in June of the purchase of Ashtenne by IFL, we havemade good progress with the disposal of surplus assets and I am delighted to beable to complete the successful integration of the Ashtenne Industrial Fund withthis acquisition." - ends - Date: 6th December 2005 For further information contact: Warner Estate Holdings PLC cityPROFILEPhilip Warner, Chairman Simon CourtenayRichard Moore, Property Director Tel: 020-7488-3244Peter Collins, Finance DirectorMichael Stevens, Operations DirectorTel: 020-7907-5100Web: www.warnerestate.co.uk This information is provided by RNS The company news service from the London Stock Exchange