BRG Braemar

 

TIDMBRG 
 
RNS Number : 4354O 
Braemar Group PLC 
06 March 2009 
 

Date 6 March 2009 
 
 
Braemar Group plc ("Braemar") 
 
 
Acquisition 
 
 
Braemar, the AIM quoted innovative real estate fund and management 
group, announces that it has today acquired the entire issued share capital of 
Manchester Ground Rent Company Limited ("MGRC") for a cash consideration of 
GBP95,000 and the assumption of MGRC's debt of GBP315,000. 
 
 
MGRC owns the long leasehold of Castlegate, a block of 84 apartments in 
Castlefield, Manchester. As long leaseholder, MGRC is entitled to receive ground 
rents amounting to approximately GBP25,200 per annum, is responsible for 
arranging the insurance of the building and collects service charges out of 
which it pays the maintenance costs of the common parts. 
 
 
For further information please contact: 
 
 
Marc Duschenes, CEO, Braemar Group plc 
Martin Robinson, Chairman, Braemar Group plc 
Julie Serrage, Investor Relations, Braemar Group plc 
Tel: 0161 929 4969 
 
 
Alex Clarkson/Nick Cowles, Zeus Capital Limited 
Tel: 0161 831 1512 
 
 
 
 
Notes to Editor: 
 
 
Established in 2001 and quoted on AIM in December 2005, Braemar Group plc, 
through its two core divisions Braemar Securities Limited and Braemar Estates 
(Residential) Limited, creates and manages a range of real estate investment 
funds. 
 
 
Braemar Securities 
Braemar Securities specialises in fund raising for public and private companies. 
It sponsors and operates a range of property investment funds for the Group and 
for third parties. Braemar designs, promotes and manages innovative structured 
financial products and promotes its funds to high net worth individuals, via 
IFAs and other regulated entities. 
 
Braemar Estates 
Braemar Estates is responsible for the property management for Group funds and 
also has a diverse portfolio of over 2,000 managed residential properties 
throughout the UK. Braemar has expanded this service to private developers who 
require effective apartment-block property management. 
 
 
Website: 
www.braemar-group.co.uk 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ACQUUUCWWUPBURQ 
 

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