BND Burtonwood

RNS No 2656c
BANDT PLC
1st June 1998
                               
                       BANDT plc (Bandt)
                               
                               
Bandt  announces  that on Friday 29 May  1998  it  entered  an
unconditional  contract for the sale  of  its  long  leasehold
interest in industrial premises at Armstrong Road, Basingstoke
for  #3.3m.  This represents a surplus of #0.1m over the  book
value of #3.1m after costs of disposal.  The consideration  is
payable  in  cash  at completion which is scheduled  for  late
June.   The  property  is predominantly leased  out  to  third
parties with a current net income of #0.3m per annum.
 
Commenting on the transaction, the Chairman, Mr Bill  Andrews,
said:   "This sale is a further significant step as  we  seek,
over  time,  to  sell the whole of the property  portfolio  of
Bandt   Properties   Ltd.   This  portfolio,   including   the
Basingstoke  site, was recently valued by independent  valuers
at #14.7m.  The proceeds from the sale will be utilised in the
development  of  the  Group through acquisitions  and  organic
growth."
 
 
For further information, please contact:
 
Bandt  plc                                    01256  477760
Richard Wilson, Chief Executive
Richard Rutter, Finance Director
 
Ludgate  Communications                       0171 253 2252
Tim Davis
 
END

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