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RNS Number:1935O
Warner Estate Holdings PLC
19 December 2006



                           Warner Estate Holdings PLC

                RADIAL DISTRIBUTION ACQUIRES PRIME MAGNA PARK UNIT


Warner Estate Holdings PLC ("Warner Estate") has today announced, on behalf of
its Radial Distribution Fund ("Radial"), a joint venture with Bank of Scotland,
the #18.25million acquisition of the Unipart unit on Magna Park, reflecting a
net initial yield of 5.92%.

Purchased from clients of CB Richard Ellis Investors, the 195,758sq ft
(18,185.9sqm) unit is let to Unipart Logistics for a further seven years.

Located within the Golden Triangle in Lutterworth, Leicestershire, Magna Park is
Britain's first and Europe's largest dedicated distribution park, acclaimed
within the industry for setting new standards in concept and design. Covering
500 acres, Magna Park provides close to 7.7 million sq ft of B8 distribution
floor space.

Michael Stevens, Property Director at Warner Estate comments: "This acquisition
continues the expansion of the Radial Distribution Fund, taking its assets under
management to over #300million.

"The excellent location and quality of Magna Park have attracted a host of major
national and international occupiers and we believe the park is well placed to
deliver good rental growth for the future."


                                    - ends -

Date: 19th December 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
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