Disposal
January 11 2001 - 2:00AM
UK Regulatory
RNS Number:0403X
Cardiff Property PLC
11 January 2001
The Cardiff Property Plc
"The group, including Campmoss, specialises in property investment and
development in the Thames Valley. The portfolio, valued in excess of
#30m, is primarily located to the west of London, close to Heathrow
Airport and in Surrey and Berkshire"
DISPOSAL OF TWO RESIDENTIAL PROPERTIES FOR #4.185m
First Choice Estates Plc, a wholly owned subsidiary of The Cardiff Property Plc,
has agreed the sale of two residential properties for a total cash consideration
of #4.185m.
The two residential properties are known as 'Foxbury' Hambledon and 'The Lodge'
Brookwood, both located in Surrey.
The original house at 'Foxbury' was acquired in March 1996 and following the
grant of planning permission was demolished and re-built to provide a 7,000
sq ft country house standing in approximately 7 acres. The 'Lodge', is an
extensively converted detached house.
The cash proceeds of the sales will be placed on deposit pending the acquisition
of further property located in the Thames Valley, and, if the opportunity occurs
to invest in other companies.
For further information
The Cardiff Property Plc Richard Wollenberg 01784 437444
Old Mutual Securities Ltd Will Martin 0207 489 4653
Binns & Co Public Relations Ltd Brian Coleman-Smith 0207 786 9600
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