| | Quintain Estates Disposal |
 | | RNS Number:9568I Quintain Estates & Development PLC 23 February 2005 23 February 2005 Quintain Estates and Development PLC ("Quintain"/ the "Company") QUINTAIN SELLS THE CASTLEGATE SHOPPING CENTRE, STOCKTON-ON-TEES FOR #45.1m Quintain Estates and Development has completed the disposal of the Castlegate Centre, Stockton-on-Tees for #45.1m to fund manager Lathe Investments for their Redleaf VI fund. |
 | | Quintain acquired the 347,000 sq ft (32,235 sq m) Castlegate Shopping Centre in Stockton-on-Tees through the acquisition of Chesterfield Properties in 1999. |
 | | Commenting on the disposal, James Hamilton Stubber, Quintain's Chief Operating Officer, said: "This disposal marks a significant milestone in the restructuring of our portfolio, at a point in the market which we believe to be the most opportune for the disposal of such assets. |
| www.advfn.com /news_disposal_10456301.html (356 words) |