22nd Dec 2005 08:56
Millennium & Copthorne Hotels PLC22 December 2005 22 December 2005 Millennium & Copthorne Hotels plc Completion of the disposal of the Kingsgate Commercial Complex, 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 Commercial Complex at Kings Cross Road in Sydney ("the Property") toChallenger Funds Management Ltd for a net consideration of A$19 million (£8.1million) received in cash on 21 December 2005. The book value of the Property was AS$12.3 million (£5.2 million) as at 30 June 2005. Enquiries:Robin Lee 07843 501369Millennium & 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:
Millennium & Copthorne Hotels