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RNS Number:7811J
Warner Estate Holdings PLC
02 October 2006


                           Warner Estate Holdings PLC


                         WARNER ESTATE AND BARCLAYS BANK

                        LAUNCH GREATER LONDON OFFICE FUND


Warner Estate Holdings PLC ("Warner Estate"), the property investment and fund
management company, and Barclays Bank have today announced the launch of a
Greater London office fund.

The joint venture between Warner Estate and Barclays Bank will invest in office
investments throughout London including the Greater London principal boroughs.

The two City office properties Warner Estate purchased earlier this month for
#96million will be transferred into the fund. 55 Old Broad Street is a multi-let
office building totalling 98,477sq ft with retail on the ground floor. Central
House, Camperdown Street comprises 57,225sq ft of office space, which is let in
its entirety to Maersk Line UK, one of the world's largest ship owners.

Michael Stevens, Property Director at Warner Estate, comments,

"We are delighted to form another joint venture with Barclays Bank following the
sale last year of our Bareway Industrial business with them to the Ashtenne
Industrial Fund.  This partnership reinforces our stated intention to invest
further in the Greater London office market. We are actively seeking further
investments across London where we can use our specialist skills to generate
high returns through active asset management."


                                    - ends -

Date: 2nd October 2006


For further information contact:

 Warner Estate Holdings PLC                             City Profile
 Philip Warner, Chairman                                Simon Courtenay
 Michael Stevens, Property Director                     Tel: 020-7488-3244
 Peter Collins, Finance Director
 Tel: 020-7907-5100

Web: www.warnerestate.co.uk



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

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