| Fri 17 Dec 2004, 15:12 | | Statement Re Potteries Shopping Centre, Hanley |
|
Liberty International Plc - Statement Re Potteries Shopping Centre, Hanley
LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI I
16 December 2004LIBERTY INTERNATIONAL PLC
CAPITAL SHOPPING CENTRES ACQUIRES PARTNER`S INTEREST IN THE POTTERIES SHOPPING
CENTRE, HANLEY, STOKE-ON-TRENT
Below is the text of a press release issued by Capital Shopping Centres PLC,wholly owned subsidiary of Liberty International PLC, concerning the above.
Enquiries:
Liberty International PLC:
John Abel Director, +44 (0)20 7887 7057 Managing Director of
Capital Shopping Centres PLC
Public
relations:UK: Michael Sandler,
Hudson Sandler +44 (0)20 7796 4133
SA: Matthew Gregorowski,
College Hill Associates +44 (0)20 7457 2020 Nicholas Williams,
College Hill Associates +27 (0)11 447 3030
CAPITAL SHOPPING CENTRES ACQUIRES PARTNER`S INTEREST IN THE POTTERIES SHOPPING
CENTRE, HANLEY, STOKE-ON-TRENTCapital Shopping Centres (`CSC`), wholly-owned subsidiary of Liberty
International PLC, has today entered into an agreement to acquire the 50 per
cent interest held by Henderson Global Investors (`Henderson`) in the limited
partnership owning The Potteries Shopping Centre, Hanley, Stoke-on-Trent. Thepurchase price of GBP62.5 million is based on the open market valuation of
Henderson`s interest in the Centre at 30 September 2004 of GBP128.625 million,
less share of debt finance.
The acquisition gives CSC effective 100 per cent ownership of the freeholdinterest in the shopping centre.
The Potteries Shopping Centre, anchored by Debenhams, is at the heart of Stoke-
on-Trent`s prime shopping area and attracts shoppers from throughout the region.
The centre, which opened in 1988, was developed by CSC with funding fromHenderson.
John Abel, Managing Director of CSC, commented as follows:
`The Potteries, Stoke-on-Trent, has been a consistently strong performer within
CSC`s prime regional shopping centre portfolio and has a number of value-addinginvestment opportunities which we are actively investigating. Our long term
association with Henderson has been mutually beneficial and we were pleased to
be able to accommodate their changing investment allocation requirements.`
For further information, please contact:John Abel Managing Director, CSC, and 020 7887 7057
Director, Liberty International
Henderson, Press Office 020 7818 4222
Additional notes on Liberty International PLC group for information:Capital Shopping Centres PLC (`CSC`), a wholly owned subsidiary of Liberty
International PLC, is the leading company in the UK specialising in the
ownership, management and development of regional shopping centres. As well as
The Potteries, CSC owns Lakeside Thurrock, MetroCentre Gateshead, BraeheadRenfrew Glasgow together with five major in-town regional centres and is engaged
on a substantial development programme involving both new city centre schemes in
Norwich, Cardiff and Oxford, and extensions to existing shopping centres.
Overall, CSC owns and manages over 8 million square feet of retail space,attracting approximately 175 million customer visits a year.
The Potteries, Stoke on Trent has 561,000 sq ft of retail space with 87 units
including a Debenhams Department Store, and major stores for Next, New Look,
Monsoon, Gap and TX Maxx. Other facilities include a 1,240 space car park and a37,000 sq.ft. market hall. 750,000 people live within a 30 minute drive.
Henderson Global Investors (`Henderson`) is a leading investment manager,
providing a wide range of investment products and services to institutions and
individuals in Asia, Europe and North America. Henderson manages over GBP68.4billion (as at 30 June 2004) in assets and employs more than 800 people around
the world.
Henderson Global Investors is one of Europe`s leading property asset managers
with over GBP5.9 billion of property funds managed in Pan Europe. The propertyteam has 105 staff in Europe and invests in direct property, pooled funds and
property securities.
This announcement includes statements that are forward-looking in nature.
Forward-looking statements involve known and unknown risks, uncertainties andother factors which may cause the actual results, performance or achievements of
Liberty International PLC to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Any information contained in this announcement on the price atwhich shares or other securities in Liberty International PLC have been bought
or sold in the past, or on the yield on such shares or other securities, should
not be relied upon as a guide to future performance.Date: 17/12/2004 09:08:06 AM Produced by the JSE SENS Department
