APP Appreciate Group Plc

RNS Number:0725E
Park Group PLC
19 January 2000


         Park Group Completes Sale and Leaseback Deal
                      to Raise #4 million
                    
Park Group plc has completed the raising of #4 million through
the sale and leaseback of properties at its principal site  in
Birkenhead.

This  follows  the  announcement  on  23  December  1999  that
Budworth  Properties, Park's wholly-owned property subsidiary,
had exchanged contracts with The Second Industrial Partnership
Limited  for  the  sale  of the group's freehold  interest  in
various offices and warehouse premises at Birkenhead.  Of  the
total  consideration, #3.75 million has  been  received  today
while  the balance of #250,000 will be deferred for  a  period
not   exceeding   12  months,  subject  to  the   satisfactory
completion of certain environmental survey work.

The  proceeds  of  sale  will provide funds  for  the  ongoing
development  of Park Direct Credit Limited, the  group's  home
collected credit business launched in October 1998.

Enquiries:

Alastair Kerr
Chief Executive
Park Group plc
Tel: 0151 653 1700

Issued on behalf of Park Group plc by Tavistock Communications
Limited (contact: Keith Payne, tel: 0171 600 2288).

                                                              
END
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