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RNS Number:5038K
Warner Estate Holdings PLC
16 October 2006

                           Warner Estate Holdings PLC

                   FURTHER GROWTH FOR RADIAL DISTRIBUTION FUND


Warner Estate Holdings PLC ("Warner Estate") has today announced, on behalf of
its Radial Distribution Fund ("Radial") joint venture with Bank of Scotland, the
#14.3million acquisition of Radial Point, reflecting a net initial yield of
6.08%.

Radial Point, in Stoke, is a183,000sq ft new build unit purchased from BA
Pension Fund. Let to Marks & Spencer on a 10-year lease, the property provides
an annual income of #918,750.

Michael Stevens, Property Director at Warner Estate comments: "Following the
purchase earlier this month of the Howdens Joinery distribution unit at
Brackmills, the addition of this new build asset represents further significant
growth for the fund in the prime Golden Triangle strong hold."


                                    - ends -

Date: 16th 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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