RNS Number:4566J
Eurocity Properties PLC
5 September 2001


                              PRESS ANNOUNCEMENT


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


The Board of Eurocity is pleased to announce the acquisition of a feuhold
property comprising two retail units with ancillary offices at 30 High Street,
Paisley, Scotland, producing a rental income of #74,500 per annum.


The property is let in its entirety on a full repairing and insuring lease
subject to five yearly upward only rent reviews to Stead & Simpson Ltd, the
shoe retailer. The lease was granted for a term of 25 years from 15 May 1991.
The rent fell due for review on 16 July 2001 and is currently under
negotiation.


The purchase price is #700,000, which has been partly financed by a mortgage
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 7286 4433

Robert Lo/Keith Smith                             Tel: 020 7710 7400

Nabarro Wells & Co. Limited - Nominated Adviser
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