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RNS Number:3634B
Warner Estate Holdings PLC
01 August 2007



                           Warner Estate Holdings PLC

                    WARNER ESTATE BUYS CITY OFFICE FOR #44M


Warner Estate Holdings PLC ("Warner Estate") confirms the purchase of Cable
House, EC2 from a private vendor at #44million, reflecting a net initial yield
of 5.51%.

Cable House, at 56-62 New Broad Street, provides 57,055sq ft of Grade A office
space set out over lower ground, ground and first to fifth floors.  The Grade II
listed building is let entirely to Tullett Prebon Group at an annual rent of
#48.55 psf and is held long leasehold from the Corporation of London.

Michael Stevens, Property Director at Warner Estate comments: "This is a
high-quality prime asset with plenty of management potential. Sitting opposite
our existing holding in 55 Old Broad Street, this acquisition reaffirms our
commitment to the fast growing City market, where rental expectations are
encouraging."


                                    - ends -


Date: 1st August 2007


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




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