30th Mar 2009 09:34
Warner Estate Holdings PLC
("Warner Estate" or "the Group")
WARNER ESTATE ANNOUNCES £91M SALE OF PALLASADES SHOPPING CENTRE, BIRMINGHAM
Warner Estate Holdings PLC announces today that Agora Max Limited, a 50/50 Joint Venture with Halifax Bank of Scotland, has exchanged contracts for the sale of Pallasades Shopping Centre, Birmingham to Birmingham City Council for cash consideration of £91m. Completion is due on 31 March 2009. The proceeds of the sale will be utilised to reduce the debt within Agora Max Limited.
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Date: 30 March 2009
For further information contact:
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Warner Estate Holdings PLC |
City Profile |
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Philip Warner, Chairman |
Simon Courtenay |
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Michael Stevens, Property Director |
Tel: 020-7448-3244 |
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Mark Keogh, Finance Director |
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Tel: 020-7907-5100 |
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Web: www.warnerestate.co.uk |
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