WNER Wt Wner Usd

 

TIDMWNER 
 
RNS Number : 6869P 
Warner Estate Holdings PLC 
30 March 2009 
 

 
 
Warner Estate Holdings PLC 
("Warner Estate" or "the Group") 
 
 
WARNER ESTATE ANNOUNCES GBP91M SALE OF PALLASADES SHOPPING CENTRE, BIRMINGHAM 
 
 
Warner Estate Holdings PLC announces today that Agora Max Limited, a 50/50 Joint 
Venture with Halifax Bank of Scotland, has exchanged contracts for the sale of 
Pallasades Shopping Centre, Birmingham to Birmingham City Council for cash 
consideration of GBP91m. Completion is due on 31 March 2009. The proceeds of the 
sale will be utilised to reduce the debt within Agora Max Limited. 
 
 
 
 
-ends- 
 
 
Date: 30 March 2009 
 
 
For further information contact: 
 
 
 
 
+--------------------------------------------+---------------------------------+ 
| Warner Estate Holdings PLC                 | City Profile                    | 
+--------------------------------------------+---------------------------------+ 
| Philip Warner, Chairman                    | Simon Courtenay                 | 
+--------------------------------------------+---------------------------------+ 
| Michael Stevens, Property Director         | Tel: 020-7448-3244              | 
+--------------------------------------------+---------------------------------+ 
| Mark Keogh, 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 
   END 
 
 DISWUUUWWUPBURU 
 

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