28th Oct 2005 06:01
LIBERTY INTERNATIONAL PLC28 October 2005Capital & CountiesDisposal of Swansea Market shopsAttached is an announcement issued by Capital & Counties, wholly ownedsubsidiary of Liberty International PLC, relating to the disposal of theSwansea Market shops.Susan FolgerCompany SecretaryCAPITAL & COUNTIES' DISPOSAL OF SWANSEA MARKET SHOPSCapital & Counties, a wholly-owned subsidiary of Liberty International PLC, hasdisposed of its 110,000 sq.ft. long-leasehold interest in 2-20 Whitewalls,801-811 Oxford St and 32-38 Union St, Swansea, to UBS Global Asset Management(UK) Ltd acting on behalf of UBS Triton Property Fund. The price paid was ‚£42.6m representing an initial yield of 5.29% in line with the half yearvaluation at June 2005.John Saggers, Managing Director of Capital & Counties, said:"Having successfully undertaken a number of asset management initiatives onthis holding, we are pleased to have concluded these by the sale to UBS. Thiscontinues our strategy of concentrating efforts on assets, both new andexisting, which provide further opportunity to add value."ENQUIRIES:John Saggers Managing Director of Capital & Counties 00 44 20 7887 7041 and Executive Director of Liberty International Aidan Smith Finance Director of Liberty International 00 44 20 7960 1200 FURTHER INFORMATION:Capital & CountiesCapital & Counties is the wholly owned retail and commercial propertysubsidiary of Liberty International PLC and controls property assets of over ‚£1billion. This includes significant holdings in Central London, particularly theWest End, Mid Town and the South Bank. The company also owns major retailinterests both in Central London and a number of UK cities. As well as its UKinterests, Capital & Counties has a US property company based in San Franciscowith assets in Northern and Southern California.Liberty International PLCLiberty International PLC is a major UK listed property group owning 100 percent of Capital & Counties together with Capital Shopping Centres PLC, thepremier UK regional shopping centre business. The Group's property assets nowamount to around ‚£6.5 billion.Liberty International has been listed on the London Stock Exchange since July1992, where it is a constituent of the FTSE-100 index of the UK's leadingcompanies, and is also listed on the Johannesburg Stock Exchange.ENDLiberty International plcRelated Shares:
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