Wt Wner Usd Regulatory News (WNER)

1 Nov 2005 07:00

Warner Estate Holdings PLC01 November 2005 Warner Estate Holdings PLC WARNER ESTATE APPOINTS NEW PROPERTY DIRECTOR Warner Estate Holdings PLC ("Warner Estate"), the property investment company,today announces that Michael Stevens, the current Operations Director, willsucceed Richard Moore as Property Director on 1 January 2006. Richard reaches the age of 60 this month and has informed the Board that hewould like to reduce his involvement with the Group. He joined Warner Estate in2000 and, since his appointment as Property Director in 2001, has beeninstrumental in building the successful fund management strategy which has seenthe quantum of property assets under management in funds rise from virtuallyzero to more than £1.5 billion. Michael, 42, has been with the Group since 2000 and was appointed to the Boardas Operations Director in February 2005. He has worked closely with Richard inmanaging the evolution of the fund management strategy. After 1 January, Richard will remain a director, managing the Agora ShoppingCentre Fund development programme and overseeing Warner Estate's relationshipwith Bride Hall, the development company in which the Group has a 25% stake. The Group also announces two further promotions with effect from 1st November.Paul Hodgson, who joined in 2002, becomes an Associate Director (Property) andAlison Raine, who joined in 2003, becomes a Senior Asset Manager (Retail). Philip Warner, Chairman of Warner Estate commented, "I am delighted that Michael Stevens will be succeeding Richard, with whom hehas worked closely on building the fund management business. I am confidentthat Michael has the necessary skills and flair to drive the Group's performancein the future." "It is also a pleasure to announce additional internal promotions as we continueto build our team for further growth. Paul and Alison already contribute to thesuccess of Warner Estate and demonstrate our strength in depth." -ends- Date: 1st November 2005 For further information contact: Warner Estate Holdings PLC cityPROFILEPhilip Warner, Chairman Simon CourtenayRichard Moore, Property Director Oliver WintersMichael Stevens, Operations Director Tel: 020-7488-3244Peter Collins, Finance DirectorTel: 020-7907-5100Web: www.warnerestate.co.uk This information is provided by RNS The company news service from the London Stock Exchange