RNS No 4748q
CAPITAL AND REGIONAL PROPERTIES PLC
28 June 1999


                     EASTER CAPITAL INVESTMENT ANNOUNCES                      
                     PORTFOLIO ACQUISITIONS AND DISPOSALS                     

Easter Capital Investment Limited, a 75 per cent subsidiary of Capital and
Regional Properties plc, has acquired an industrial portfolio at Severn Bridge
Industrial Estate from Beacon Estates Limited for #6.2 million with a rental
income of #663,000 representing an initial yield of 10.05%.

The estate comprises thirty three units totalling 207,800 sq ft (19,312 sq m).
 The Severn Bridge Industrial Estate is situated approximately five miles
south west of Chepstow and north of the new second Severn crossing.

Easter has sold a 50,000 sq ft (4,646 sq m) property at Normanton for #2.25
million to the existing tenant, Napier Brown and Company Limited.   In
addition, the estates at Totton, Leeds, Bradford, Warrington and Hove
totalling 236,000 sq ft (21,933 sq ft) have been sold for #8.75 million to
Guardian Royal Exchange Pension Fund.  

For further information please contact:
Martin Barber, Chairman, Capital and Regional              0171 730 5565
Peter Taylor, Chairman, Easter                             0171 235 3050
Sarah Carrell, Corporate Communications                    0171 730 5565


END

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