21st Oct 2005 07:05
Millennium & Copthorne Hotels PLC21 October 2005 21 October 2005 Millennium & Copthorne Hotels plc Completion of the disposal of the Kingsgate Shopping Centre, Sydney Millennium & Copthorne Hotels plc today announces that Kingsgate Investments PtyLimited, a subsidiary of the Group's majority owned New Zealand listedsubsidiary CDL Hotels New Zealand Limited, has completed the disposal of the Kingsgate Shopping Centre at Kings Road in Sydney ("the Property") to ChallengerFunds Management Ltd for a net consideration of A$19.9 million (£8.5 million)received in cash on 20 October 2005. The book value of the Property was AS$9.2million (£3.9 million) as at 30 June 2005. Enquiries:Robin Lee 0207 872 2482Millennium & Copthorne Hotels plc Kate Miller/Ruban Yogarajah 0207 404 5959Brunswick Group LLP This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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