Aylesbury Town Centre Regeneration Project

    RNS Number : 1351C
  Warner Estate Holdings PLC
  27 August 2008
   

    Warner Estate Holdings PLC


    Warner Estate and Aylesbury Vale District Council exchange formal development agreement for town centre regeneration project


    Warner Estate Holdings PLC ("Warner Estate") and Aylesbury Vale District Council ("the Council") have entered into a formal Development
Agreement for the mixed use Waterside Shopping regeneration project in Aylesbury town centre. The Development Agreement provides a
comprehensive legal and financial framework, under which Warner Estate, in partnership with the Council, will deliver the multi-million
pound scheme, which is to be known as Waterside Shopping.

    This follows the announcement earlier this year that Debenhams is set to anchor the retail element of the scheme with an 80,000 sq ft
department store. Through Waterside Shopping, Warner Estate will also introduce approximately 30 shops, a food store, 750 car parking spaces
and an attractive new public space to complement the town's new Theatre.  

    Michael Stevens, Property Director at Warner Estate comments: "The formal signing is the culmination of much hard work by Warner Estate
and Aylesbury Vale District Council and demonstrates the commitment of both to bringing about this mixed-use regeneration project in order
to maximise Aylesbury's potential. We continue to progress our proposals in advance of submitting a planning application in the coming
months."

    - ends -
    Date: 27 August 2008


 Warner Estate Holdings PLC          City Profile

 Philip Warner, Chairman             Simon Courtenay
 Michael Stevens, Property Director  Tel: 020-7448-3244
 Peter Collins, Finance Director
 Tel: 020-7907-5100

 Web: www.warnerestate.co.uk


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