BRR Braemore Res

RNS No 7220a
BARRASFORD HOLDINGS PLC
20th November 1997


           BARRASFORD HOLDINGS PLC ("Barrasford")
                              
    Planning Permission Obtained at Queen's Gate Terrace
                              
Barrasford,  a company investing in high quality residential
properties in Kensington and Chelsea, announces a successful
outcome   to  its  planning  application  for  the  complete
refurbishment of its property at Queen's Gate Terrace.

On  14 April 1997, it was announced that Barrasford Limited,
a  wholly  owned  subsidiary  of Barrasford,  had  exchanged
contracts  to purchase eight freehold residential  buildings
in  35-49  Queen's Gate Terrace, London SW7  ("Queen's  Gate
Terrace") for #13.5 million.  The acquisition was funded  by
the  successful placing of Ordinary Shares in Barrasford and
was  ratified by an Extraordinary General Meeting on 23 June
1997.

The  Directors of Barrasford stated at the time that on  the
basis  of  a feasibility study which they conducted  on  the
property,  they  believed that if the property  were  to  be
refurbished,  there  would be a substantial  uplift  in  the
capital value.

Now, therefore, the Directors of Barrasford are delighted to
announce  that on 20 November 1997, the Planning  Department
of  the  Royal  Borough of Kensington and  Chelsea  formally
approved Barrasford's plans for the refurbishment of Queen's
Gate  Terrace.  Work on the refurbishment has already  begun
and the Directors of Barrasford expect the refurbishment  to
be completed within 18 months.

Commenting on the planning permission, Oliver Vaughan, Chief
Executive of Barrasford, said:

"This  is  excellent  news.   We  are  delighted  that   our
refurbishment  plans  for Queen's  Gate  Terrace  have  been
approved.  When completed, the property will be the jewel of
our  portfolio, producing a healthy yield and enhancing  the
capital value."

                                        21 November 1997
ENQUIRIES:

Barrasford Holdings plc         Tel:    0171 937 4445
Oliver Vaughan

College Hill                    Tel:    0171 457 2020
Archie Berens


END



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