6th Feb 2007 07:01
Warner Estate Holdings PLC06 February 2007 Warner Estate Holdings PLC RADIAL PLANS EXTENSION AT LEICESTER'S INTERLINK PARK Warner Estate Holdings PLC ("Warner Estate") can confirm, on behalf of itsRadial Distribution Fund ("Radial"), a joint venture with Bank of Scotland, theextension of its Antalis Ltd distribution unit at Interlink Park inLeicestershire. Set to complete in late October 2007, Warner Estate is extending the 227,000 sqft (21,089 sq m) unit to create a further 54,000sq ft (5,017sqm), including9,500sq ft of new two storey office space. In securing this extended space,Warner Estate has agreed with the tenant to extend the current lease term by 5years, to expire in November 2023. The property is currently let to Antalis Ltd, one of Europe's leading tradedistributors of paper, envelopes, packaging and visual communication products.They offer flexible and customisable paper services, with over 12,000 productsin stock from 17 local warehouses in the UK, as well as a presence in 32countries in Europe. Michael Stevens, Property Director at Warner Estate comments: "These plans are very much in line with Radial's stated objectives of maximisingopportunities to enhance returns through active asset management. We arecommitted to working closely with our tenants to respond to their business needsand we are delighted to have been able to unlock this space to suit Antalis'needs." Located off the M1 at Junction 22, Interlink Park is a premier industrialwarehouse development within the Golden Triangle. The Radial Distribution Fund was established in 2003 as a joint venture withBank of Scotland, in response to the significant changes occurring in thedistribution and logistics markets. Radial owns ten sites with over 2.3millionsq ft (214,918 sq m) under management. - ends - Date: 6th February 2007 For further information contact: Warner Estate Holdings PLC City Profile Philip Warner, Chairman Simon CourtenayMichael Stevens, Property Director Tel: 020-7488-3244Peter Collins, Finance DirectorTel: 020-7907-5100 Web: www.warnerestate.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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