RNS Number:8253Z
Eurocity Properties PLC
2 March 2001



2nd March 2001


            Eurocity Properties PLC ("Eurocity" or "the Company")


The Board of Eurocity is pleased to announce the acquisition of a feuhold
property with mixed retail and office use at 22 Westburn Street, Greenock,
Scotland, let to Coral Estates Limited with over eleven years remaining on the
lease. The property produces a combined rent and management charge income of #
54,281 per annum, with rent reviews due in May 2001 and May 2006.


The purchase price is #565,000, which has been satisfied as to #440,000 in
cash and the balance by the issue of 250,000 new ordinary shares in Eurocity
at 50p per share. The cash element of the consideration has been financed by a
mortgage of #450,000 from the Nationwide Building Society.


Commenting on the acquisition, Baron Bloom, Managing Director, said: "This
property is an excellent addition to our existing Scottish property portfolio
and should provide an immediate enhancement both to our balance sheet and
profitability."


Enquiries to:


Baron Bloom, Managing Director                    Tel: 020 7495 7799




Robert Lo/Keith Smith                          Tel: 020 7710 7400

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