2nd Oct 2006 13:12
Warner Estate Holdings PLC02 October 2006 Warner Estate Holdings PLC This announcement replaces the earlier re joint venture announcement 7811Jreleased at 11.18 am on 2nd October 2006. The earlier announcement should haveread that the joint venture is Between Warner Estate and Barclays Capital andnot Barclays Bank. The announcement has been amended and is repeated in fullbelow. WARNER ESTATE LAUNCHES GREATER LONDON OFFICE FUND Warner Estate Holdings PLC ("Warner Estate"), the property investment and fundmanagement company, and Barclays Capital have today announced the launch of aGreater London office fund. The joint venture between Warner Estate and Barclays Capital will invest inoffice investments throughout London including the Greater London principalboroughs. The two City office properties Warner Estate purchased earlier this month for£96million will be transferred into the fund. 55 Old Broad Street is a multi-letoffice building totalling 98,477sq ft with retail on the ground floor. CentralHouse, Camperdown Street comprises 57,225sq ft of office space, which is let inits entirety to Maersk Line UK, one of the world's largest ship owners. Michael Stevens, Property Director at Warner Estate, comments, "We are delighted to form another joint venture with Barclays Capital followingthe sale last year of our Bareway Industrial business with them to the AshtenneIndustrial Fund. This partnership reinforces our stated intention to investfurther in the Greater London office market. We are actively seeking furtherinvestments across London where we can use our specialist skills to generatehigh returns through active asset management." - ends - Date: 2nd October 2006 For further information contact: Warner Estate Holdings PLC City ProfilePhilip 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:
Wt Wner Usd