RNS Number:0648Q
Eurocity Properties PLC
29 August 2000


EUROCITY SELLS PROPERTY INVESTMENTS FOR #1m

Eurocity Properties plc ("Eurocity"), the AIM listed property company run by
Baron Bloom, today announces the sale of two retail property investments to
Newport Holdings plc ("Newport") for a total consideration of #1,004,636,
satisfied as to #880,000 in cash and the remainder in 99,704 new ordinary shares
of Newport shares.

Comprising three shop units in Bexhill and Paignton the investments produce a
total annual rent of #87,525 from New Look plc, which occupies shops in both
locations and Grand Metropolitan Estates Ltd which owns a lease on one of the
Bexhill units.  All three shops have leases that expire in 2015.

Baron Bloom, Managing Director of Eurocity, commented: "The sale of these
properties generates considerable cash for the company that we can reinvest in
properties where we perceive greater opportunities to create greater returns and
enhance shareholder value."

Contact:

Baron Bloom, Managing Director, Eurocity Properties plc.   Tel: 020 7495 7799
Baron Phillips, Bankside Consultants                       Tel: 07050 124119

28th August 2000
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