28th Oct 2005 08:00
Medsea Estates Group PLC28 October 2005 For immediate release 28 October 2005 MEDSEA ESTATES GROUP PLC ("Medsea or "the Company") MEDSEA EXPANDS INTO ITALY Medsea, the AIM-traded Spanish-based estate agency group, is now offeringlow-cost properties in Italy in a deal expected to make a contribution totrading in the next twelve months. Through an agreement with Bella Calabria SI,a local Italian company, it now has exclusive rights to an initial range of 110low-price beach-front properties in Calabria, Southern Italy. Medsea's Chairman Tony Gatehouse says : 'This major move into the Italian marketwill give our existing agents another potentially lucrative string to their bow.We hope this will also attract new agents who currently specialise in Italy whocould offer Medsea's Spanish properties to their cleints. 'Our partner in the deal, Bella Calabria, is a well-respected company, with longexperience in the Italian market. Calabria is an unspoiled and spectacular placeto buy a second/holiday home, with very attractive villages and lovely sandybeaches". The new five phase developments - Vista Bella townhouses and San Raffaeleapartments - start at £30,000. Medsea also has exclusive rights to market anadditional cliff-top villa development alongside a top ranking golf course whichis being built a short distance inland. - ends - For further information contact: Medsea Estates Group PLC:Tony Gatehouse, Chairman 0034 96 570 40 02andJuan Carlos Rodriguez Martinez, Chief Executive Beaumont Cornish LimitedRoland Cornish/Noelle Greenaway 0207 628 3396 Midas Investment Management Limited: 0161 228 1709Mark Sheppard Weber Shandwick Square Mile: 0207 067 0700Terry Garrett/ Alex White This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Craven House Capital