| Mon 15 May 2006, 11:17 | | Liberty International Plc - Kings Reach |
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LBT
LILII
Liberty International Plc - King"s Reach, Southwark, London Se1
LIBERTY INTERNATIONAL PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: LBT
Issuer Code: LILI
15 May 2006
KING"S REACH, SOUTHWARK, LONDON SE1
Attached is an announcement issued by Capital & Counties, wholly owned
subsidiary of Liberty International PLC.
ENQUIRIES
CAPITAL & COUNTIES
John Saggers Managing Director of Capital +44 (0)20 7887 7041
& Counties,
Director, Liberty
International
Gary Director, Capital & Counties +44 (0)20 7887 7041
Marcuccilli
KING"S REACH SOLD BY CAPITAL & COUNTIES
Capital & Counties has disposed of its interest in the 275,000 sq.ft. King"s
Reach complex on London"s Southbank. The property has been sold for GBP80
million, a price in excess of the most recent year end valuation.
Capital & Counties acquired the complex in 2002 and subsequently obtained
planning consent for a new development of circa 400,000 sq.ft.
The lease held by the principal tenant, IPC Magazines, is due to expire next
year.
ENQUIRIES
CAPITAL & COUNTIES
Gary Marcuccilli, Capital & +44 (0) 20 7887 7041
Counties
FURTHER INFORMATION
Capital & Counties
Capital & Counties is the wholly owned retail and commercial property subsidiary
of Liberty International PLC and controls property investments 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 offices around the
M25 as well as major retail interests both in Central London and a number of UK
cities. In the US, Capital & Counties USA inc. is based in San Francisco and
has assets in Northern and Southern California totalling $540 million.
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
leading UK regional shopping centre business. The Group"s property assets
amounted to over GBP7 billion at 31 December 2005.
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.
This announcement includes statements that are forward-looking in nature.
Forward-looking statements involve known and unknown risks, uncertainties and
other 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 at
which 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: 15/05/2006 11:17:27 AM Produced by the JSE SENS Department
