Cardiff Property PLC
18 August 2004
THE CARDIFF PROPERTY PUBLIC LIMITED COMPANY
18 August 2004
The Cardiff Property plc, including Campmoss, specialises in property investment
and development in the Thames Valley. The portfolio is primarily located to the
west of London, close to Heathrow Airport and in Surrey and Berkshire.
THE CARDIFF PROPERTY PLC ('CARDIFF')
SALE OF INVESTMENT PROPERTY
Cardiff is pleased to announce that it has exchanged contracts for the sale of
its freehold investment property known as Alexandra Court, 25 St Leonard's Road,
Windsor to Enthral Properties Ltd for a cash consideration of £3.11m.
The 8,000 sq ft office property is let to Morganite International plc
('Morganite') on an institutional, full insuring and repairing lease until April
2015 at an annual rental of £250,000.
Alexandra Court was constructed and let to Morganite by Cardiff in 1990. At 30
September 2003, the date of Cardiff's last audited accounts, the property was
independently valued at £2.65m.
The consideration will be placed on deposit pending the acquisition of further
property located in the Thames Valley.
For further information:
The Cardiff Property plc Richard Wollenberg 01784 437444
Arbuthnot Securities Tim Goodman 0121 632 2100
This information is provided by RNS
The company news service from the London Stock Exchange