Purchase of Property
15 Marzo 2007 - 3:59PM
UK Regulatory
RNS Number:0479T
Commercial Group Properties PLC
15 March 2007
For immediate release 15 March 2007
Commercial Group Properties Plc
("Commercial Group", "CGP" or "the Company")
Purchase of Property
Commercial Group announces that it has completed the purchase of 73 acres of
land adjacent to the the Company's existing Manston Site. The consideration
is #5,110,000 in cash for a freehold interest in the property (the "Property").
The Property is arable land which the Company has purchased to allow for
possible expansion of the Manston site at some time in the future. The
purchase was funded by a further loan from Israel Discount Bank, with interest
rolled over for two years.
ENDS
For further information, please contact:
Commercial Group Properties PLC
Chris Seymour-Prosser
Tel +44 (0) 20 7491 9124
Beaumont Cornish Limited
Roland Cornish
Tel +44 (0) 20 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
END
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