RNS Number:2488U
BFS Managed Properties Ltd
14 January 2004

                         BFS Managed Properties Limited

                               Property Disposal

BFS Managed Properties Limited (the "Company") announces that its subsidiary,
BFS Managed Properties Holdings Limited, has sold its freehold interest in an
investment property situated at the Marina in Lowestoft for a total
consideration of #1.78 million. The property comprises a two storey office let
to the Department Of Work And Pensions. Completion took place on 8th January
2004.

The investment was valued at #1.785 million (September 2003) by Lambert Smith
Hampton on a market value basis in accordance with the RICS Appraisal and
Valuation Manual.



Enquiries:

Harry Hyman

Nexus Property Management Services Limited  Tel: 01483 306912

William van Heesewijk

BFS Investments plc Tel: 01483 237773


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