WNER Wt Wner Usd

TIDMWNER

RNS Number : 5264U

Warner Estate Holdings PLC

22 December 2011

Warner Estate Holdings PLC

("Warner Estate" or "the Group")

WARNER ESTATE ANNOUNCES GBP70M SALE OF THE AGORA MAX SHOPPING CENTRES

Warner Estate announces today that Agora Max Limited, a 50/50 Joint Venture with Uberior Ventures Limited (part of the Lloyds Banking Group), has completed the sale of The Grange and Pyramid Shopping Centres, Birkenhead for a cash consideration of GBP70m. The proceeds of the sale will be utilised to reduce the debt within Agora Max, which is non-recourse to the Group. The carrying value of the investment in Agora Max on the Company's balance sheet was written down to GBPNil some time ago.

-ends-

Date: 22 December 2011

Enquiries: Warner Estate Holdings PLC Philip Warner, Chairman Mark Keogh, Group Managing Director Robert Game, Group Managing Director - Property

Tel: 020-7907-5100 Web: www.warnerestate.co.uk City Profile Jonathan Gillen Simon Courtenay Tel: 020-7448-3244

This information is provided by RNS

The company news service from the London Stock Exchange

END

DISPGGQAPUPGGCP

Wt Wner Usd (LSE:WNER)
Historical Stock Chart
From Oct 2024 to Nov 2024

Wt Wner Usd (LSE:WNER)
Historical Stock Chart
From Nov 2023 to Nov 2024