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Liberty International Plc - Disposal of Swansea market shops
Liberty International Plc
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILII
28 October 2005
Capital & Counties
Disposal of Swansea Market shops
Attached is an announcement issued by Capital & Counties, wholly owned
subsidiary of Liberty International PLC, relating to the disposal of the Swansea
Market shops.
Susan Folger
Company Secretary
CAPITAL & COUNTIES" DISPOSAL OF SWANSEA MARKET SHOPS
Capital & Counties, a wholly-owned subsidiary of Liberty International PLC, has
disposed of its 110,000 sq.ft. long-leasehold interest in 2-20 Whitewalls, 801-
811 Oxford St and 32-38 Union St, Swansea, to UBS Global Asset Management (UK)
Ltd acting on behalf of UBS Triton Property Fund. The price paid was GBP42.6m
representing an initial yield of 5.29% in line with the half year valuation at
June 2005.
John Saggers, Managing Director of Capital & Counties, said:
"Having successfully undertaken a number of asset management initiatives on this
holding, we are pleased to have concluded these by the sale to UBS. This
continues our strategy of concentrating efforts on assets, both new and
existing, which provide further opportunity to add value."
ENQUIRIES:
John Saggers Managing Director of Capital & 00 44 20 7887 7041
Counties and Executive Director of
Liberty International
Aidan Smith Finance Director of Liberty 00 44 20 7960 1200
International
FURTHER INFORMATION:
Capital & Counties
Capital & Counties is the wholly owned retail and commercial property subsidiary
of Liberty International PLC and controls property assets of over GBP1 billion.
This includes significant holdings in Central London, particularly the West End,
Mid Town and the South Bank. The company also owns major retail interests both
in Central London and a number of UK cities. As well as its UK interests,
Capital & Counties has a US property company based in San Francisco with assets
in Northern and Southern California.
Liberty International PLC
Liberty International PLC is a major UK listed property group owning 100 per
cent of Capital & Counties together with Capital Shopping Centres PLC, the
premier UK regional shopping centre business. The Group"s property assets now
amount to around GBP6.5 billion.
Liberty International has been listed on the London Stock Exchange since July
1992, where it is a constituent of the FTSE-100 index of the UK"s leading
companies, and is also listed on the Johannesburg Stock Exchange.
Sponsor: Merrill Lynch
Date: 28/10/2005 08:11:03 AM Produced by the JSE SENS Department
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