Memorandum of Understanding

RNS Number:3873B
Commercial Group Properties PLC
02 August 2007


Commercial Group Properties PLC
2 August 2007



                        Commercial Group Properties PLC

                  ("Commercial Group", "CGP" or "the Company")

                          Memorandum of Understanding
             in relation to CGP's China Gateway site, Manston, Kent
                                        

Commercial Group Properties PLC, the AIM-listed property company, announces that
it has entered into a Memorandum of Understanding ("MOU") with Zhejiang
Province, acting through Chairman Bao of the Taizhou Foreign Merchant
Information Federation with a view in due course to leasing 2,500,000 sq. ft. at
CGP's China Gateway site at Manston, Kent.

Under the MOU, CGP will arrange for outline planning permission for the building
of the additional 2,500,000 sq. ft. of business accommodation on what is
currently agricultural land at the site. Following the receipt of outline
planning consent, Zhejiang Province Enterprises will sign an agreement to lease
covering 2,500,000 sq. ft., such lease to run for 10 years from the date of
first occupation.

This follows the Company's announcement on 17 May 2007 that it had agreed to
lease between 900,000 sq. ft. and 1,100,000 sq. ft. to the Beijing Association
of SME at the same site.

                                    - Ends -


For further information, please contact:

Commercial Group Properties PLC                   +44 (0)1843 860 866
Ken Wills

Beaumont Cornish Limited                          +44 (0)20 7628 3396
Roland Cornish

Square1 Consulting Limited                        +44 (0)20 7929 5599
David Bick / Mark Longson






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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