1st Feb 2008 07:00
Newcourt Group plc ('Newcourt' or the 'Group')(LSE:NEW) (ISE:NEW), a leading,Irish based, support services group, today announced that its wholly ownedsubsidiary, Ely Property Group Limited ('Ely') has acquired the entire issuedshare capital of BHE Limited for an undisclosed sum. BHE is a promoter, developer and facilitator of student accommodation in the UKand has a significant pipeline of developments for delivery from 2009 onwards. The management of BHE will integrate into the existing Ely structure reportingto Ely CEO, Philip Marley. Philip Marley, Ely CEO, commented "This acquisition reflects our commitment tofurther develop Ely's student accommodation business. It strengthens ourdevelopment platform and team within the UK, a market which offers excitinggrowth prospects for this business." About Newcourt Group plc Newcourt is a leading provider of support services, employing over 3,200 staffthroughout the island of Ireland. The Group has four operating divisions:Support Services, Student Accommodation, Recruitment and Aviation Outsourcing. About Ely Property Group Ely Property Group is engaged in the development and management of studentaccommodation in Ireland and the UK. Newcourt GroupDamien Murray, +353 1 669 8242orK Capital SourceMark Kenny/Jonathan Neilan, +353 1 631 [email protected] Copyright Business Wire 2008Related Shares:
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