PROPERTY NEWS
WARNER ESTATE ANNOUNCES £91M SALE OF PALLASADES SHOPPING CENTRE, BIRMINGHAM
30th March 2009
30th March 2009
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 £91m. Completion is due on 31 March 2009. The proceeds of the sale will be utilised to reduce the debt within Agora Max Limited.
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For further information contact:
Warner Estate Holdings PLC
Philip Warner, Chairman
Michael Stevens, Property Director
Mark Keogh, Finance Director
Tel: 020-7907-5100
Web: www.warnerestate.co.uk
City Profile
Simon Courtenay
Tel: 020-7448-3244
< back to list of all press releases
-ends-
For further information contact:
Warner Estate Holdings PLC
Philip Warner, Chairman
Michael Stevens, Property Director
Mark Keogh, Finance Director
Tel: 020-7907-5100
Web: www.warnerestate.co.uk
City Profile
Simon Courtenay
Tel: 020-7448-3244
< back to list of all press releases
