Wt Wner Usd Regulatory News (WNER)

2 Oct 2006 11:18

Warner Estate Holdings PLC02 October 2006 Warner Estate Holdings PLC WARNER ESTATE AND BARCLAYS BANK LAUNCH GREATER LONDON OFFICE FUND Warner Estate Holdings PLC ("Warner Estate"), the property investment and fundmanagement company, and Barclays Bank have today announced the launch of aGreater London office fund. The joint venture between Warner Estate and Barclays Bank will invest in officeinvestments throughout London including the Greater London principal boroughs. The two City office properties Warner Estate purchased earlier this month for£96million will be transferred into the fund. 55 Old Broad Street is a multi-letoffice building totalling 98,477sq ft with retail on the ground floor. CentralHouse, Camperdown Street comprises 57,225sq ft of office space, which is let inits entirety to Maersk Line UK, one of the world's largest ship owners. Michael Stevens, Property Director at Warner Estate, comments, "We are delighted to form another joint venture with Barclays Bank following thesale last year of our Bareway Industrial business with them to the AshtenneIndustrial Fund. This partnership reinforces our stated intention to investfurther in the Greater London office market. We are actively seeking furtherinvestments across London where we can use our specialist skills to generatehigh returns through active asset management." - ends - Date: 2nd October 2006 For further information contact: Warner Estate Holdings PLC City Profile Philip Warner, Chairman Simon Courtenay Michael Stevens, Property Director Tel: 020-7488-3244 Peter Collins, Finance Director Tel: 020-7907-5100 Web: www.warnerestate.co.uk This information is provided by RNS The company news service from the London Stock Exchange