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9 Mar 2009 09:30
RNS Number : 5294O
Warner Estate Holdings PLC
09 March 2009
Warner Estate Holdings PLC
("Warner Estate" or "the Group")
WARNER ESTATE ANNOUNCES £30.7M SALE OF SOUTHEND SHOPPING CENTRE
Warner Estate Holdings PLC announces today that it has exchanged contracts for the sale of The Royals Shopping Centre, Southend to Orchard Street Investment Management for £30,713,155. The sale is due to complete on 27 March 2009. The proceeds of the sale will be utilised to reduce the Group debt.
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Date: 9 March 2009
For further information contact:
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Warner Estate Holdings PLC |
City Profile |
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Philip Warner, Chairman |
Simon Courtenay |
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Michael Stevens, Property Director |
Tel: 020-7488-3244 |
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Mark Keogh, Finance Director |
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Tel: 020-7907-5100 |
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Web: www.warnerestate.co.uk |
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