23rd Oct 2006 16:50
Warner Estate Holdings PLC23 October 2006 Warner Estate Holdings PLC NEW £17.95MILLION DIRFT UNIT ADDED TO RADIAL FUND Warner Estate Holdings PLC ("Warner Estate") has today announced, on behalf ofthe Radial Distribution Fund ("Radial"), its joint venture with Bank ofScotland, the £17.95million acquisition of Unit 1E at DIRFT, Daventry,reflecting a net initial yield of 6.45%. Purchased vacant from GE Capital, with a rental guarantee by the developerRosemound, the 225,000sq ft unit gives Radial further representation at DIRFT,where the portfolio includes Units A, B and C, extending to 609,349sq ft. Michael Stevens, Property Director at Warner Estate comments: "We can take anentrepreneurial approach to the investment, due to the prime location and highspecification offered by the property, and build on the success we have enjoyedat DIRFT through asset performance in recent years." - ends - Date: 23rd October 2006 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 ExchangeRelated Shares:
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