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    RNS Number : 3313J
  Warner Estate Holdings PLC
  02 December 2008
   


    
    Warner Estate Holdings PLC

    WARNER ESTATE ANNOUNCES EUR7.1M SALE IN NETHERLANDS

    Warner Estate Holdings PLC ("Warner Estate") announces today the sale of Hazeldonk 6710 in Breda, The Netherlands to a Private Dutch
Investor. The sale, undertaken by Warner Estate's wholly-owned subsidiary Ashtenne Netherlands BV, has been agreed at EUR7.1 million,
reflecting a net initial yield of 8%.

    Following the transfer of the management of Hazeldonk 6710 into Warner Estate's Radial Distribution Asset Management business ("RDAM") 
in late 2007, RDAM signed German supermarket chain Lidl to occupy 19,500 sq m (210,000sq ft) taken on a 10-year lease at EUR31.20psm
(EUR2.90psf) in July 2008.  

    Simon Wigzell, Managing Director of RDAM, comments: "We identified an opportunity at Hazeldonk to enhance returns through a significant
letting and having secured Lidl on a long-leasehold, we have progressed to the last stage of our strategy for this asset. The sale allows us
to progress similar asset management initiatives across our portfolio."

    -ends-

    Date: 2 December 2008

    For further information contact:


 Warner Estate Holdings PLC          City Profile
 Philip Warner, Chairman             Simon Courtenay
 Michael Stevens, Property Director  Tel: 020-7488-3244
 Mark Keogh, Finance Director
 Tel: 020-7907-5100
 Web: www.warnerestate.co.uk




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