CMGP Comm. Prop. (SEE LSE:CGA)

RNS Number:5882R
Commercial Group Properties PLC
21 February 2007


For immediate release 21 February 2007


                        Commercial Group Properties Plc

                  ("Commercial Group", "CGP" or "the Company")


                             First Day of Dealings


Commercial Group Properties announces that trading in its shares commences today
on the Alternative Investment Market. It is a newly incorporated company
established to invest in property development and the Company owns three sites
in the South East of England.


The Farthingloe Site is a 273 acre site near Dover in Kent. It currently
comprises agricultural land and some listed buildings. Part of the land benefits
from planning consent for the erection of 220,000 sq ft of office space which
offers the Company a number of development opportunities.


The Manston Site consists of 105 acres of open space within an existing
designated business park at Kent International Airport with development
potential.


The Western Heights Site comprises 24 acres of land and buildings formerly
belonging to the Ministry of Defence and is situated close to Dover. The land
has been partially developed by the Ministry of Defence for housing and offers
potential for residential development subject to planning consent.


The three Sites have been valued by Savills at an aggregate of #28,000,000 as at
11 January 2007 based on their current planning consents. The net asset value of
the Company's Sites after deduction of the Company's existing borrowing is
#14,000,000.


The prospective grant of planning consent to develop the Manston and Western
Heights Sites and the prospective grant of variation to the planning consent
previously granted in respect of the Farthingloe Site will present the Company
with the opportunity to extract additional value from the Company's assets.


The Company has an experienced management team. Chris Seymour-Prosser and Ken
Wills, the two executive Directors, have both had extensive involvement in
property development.

The Company has raised #1.5m (before expenses) through the placing of 3 million
new Ordinary Shares at 50p. Market capitalisation following the Placing at the
Placing price is #10.5million.


Beaumont Cornish is Nominated Adviser and Broker to the Company.



                                    - ENDS -

For further information, please contact:
Commercial Group Properties PLC            +44 (0) 20 7491 9124

Chris Seymour-Prosser
Beaumont Cornish Limited                   +44 (0) 20 7628 3396

Roland Cornish
Holborn PR                                 +44 (0) 20 7929 5599

David Bick, Trevor Phillips




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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