Interim Management Statement

RNS Number:9431B
Warner Estate Holdings PLC
13 August 2007

                           Warner Estate Holdings PLC
                          ("Warner Estate" or "Group")

                          Interim Management Statement


Warner Estate announces that its first quarter trading to June 2007 is in line
with budget.  The main highlights of the quarter have been the purchases of 2
America Square, EC3 for #25.1million and 16 Upper Woburn Place, WC1 for
#21.75million. The Group has also made five property disposals, totalling
#38.6million, all of which have been at or above their 31 March 2007 values. The
effect has been to increase further the Group's weighting in properties in a
buoyant London market.

Both multi investor funds managed by the Group, the #1.28billion Ashtenne
Industrial Fund (AIF) and the #507million Apia Regional Office Fund (Apia)
continued to make progress. In particular, Apia completed a #2million
refurbishment at 225 Bath Street, Glasgow and AIF gained planning consent for
75,000 sq ft of industrial development at Tameside, Manchester.

Within the Group's #350million development pipeline, the 200,000 sq ft Bouverie
Place shopping centre in Folkestone, due to open in November of this year, is
now 90% pre-let and the 100,000 sq ft redevelopment of Market Place, Bolton,
jointly owned with Bank of Scotland, has commenced, with completion expected
towards the end of 2008.

Momentum is being maintained and the Group sees any weakness in the market as an
opportunity to buy, both for assets under management and for its wholly owned
portfolio.


Date:  13 August 2007

For further information contact:

Warner Estate Holdings PLC                            City Profile
Philip Warner, Chairman                               Simon Courtenay
Peter Collins, Finance Director                       Tel:  020-7448-3244
Michael Stevens, Property 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

IMSGUUBCRUPMGMU

Wt Wner Usd (LSE:WNER)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024