15th May 2006 09:09
LIBERTY INTERNATIONAL PLC15 May 2006KING'S REACH, SOUTHWARK, LONDON SE1Attached is an announcement issued by Capital & Counties, wholly ownedsubsidiary of Liberty International PLC.ENQUIRIESCAPITAL & COUNTIESJohn Saggers Managing Director of Capital & +44 (0)20 7887 7041 Counties, Director, Liberty International Gary Marcuccilli Director, Capital & Counties +44 (0)20 7887 7041 KING'S REACH SOLD BY CAPITAL & COUNTIESCapital & Counties has disposed of its interest in the 275,000 sq.ft. King'sReach complex on London's Southbank. The property has been sold for ‚£80million, a price in excess of the most recent year end valuation.Capital & Counties acquired the complex in 2002 and subsequently obtainedplanning consent for a new development of circa 400,000 sq.ft.The lease held by the principal tenant, IPC Magazines, is due to expire nextyear.ENQUIRIESCAPITAL & COUNTIES Gary Marcuccilli, Capital & Counties +44 (0) 20 7887 7041 FURTHER INFORMATIONCapital & CountiesCapital & Counties is the wholly owned retail and commercial propertysubsidiary of Liberty International PLC and controls property investments ofover ‚£1 billion. This includes significant holdings in Central London,particularly the West End, Mid Town and the South Bank. The company also ownsoffices around the M25 as well as major retail interests both in Central Londonand a number of UK cities. In the US, Capital & Counties USA inc. is based inSan Francisco and has assets in Northern and Southern California totalling $540million.Liberty International PLCLiberty International PLC is a major UK listed property group owning 100 percent of Capital & Counties together with Capital Shopping Centres PLC, theleading UK regional shopping centre business. The Group's property assetsamounted to over ‚£7 billion at 31 December 2005.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.This announcement includes statements that are forward-looking in nature.Forward-looking statements involve known and unknown risks, uncertainties andother factors which may cause the actual results, performance or achievementsof Liberty International PLC to be materially different from any futureresults, performance or achievements expressed or implied by suchforward-looking statements. Any information contained in this announcement onthe price at which shares or other securities in Liberty International PLC havebeen bought or sold in the past, or on the yield on such shares or othersecurities, should not be relied upon as a guide to future performance.ENDLiberty International plcRelated Shares:
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