RNS No 9155r
CRESTON PLC
19th February 1999

Creston plc announces that a subsidiary company has today transferred a long
leasehold property, 9/11 Grosvenor Gardens, from current assets to investment
property in fixed assets. The property was originally acquired in March 1998
for #3,374,050 in cash including costs and is being transferred at such amount
which corresponds to its current estimated market value. It is let to Thomas
Cook plc at a rent of #570,000 per annum under a full repairing and insuring
lease expiring on 29 September 1999.There is ground rent under the head lease
of #27,000 per annum.


END

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