RNS Number:8398M
BFS Managed Properties Ltd
26 June 2003

                         BFS Managed Properties Limited

                               Property Disposal

BFS Managed Properties Limited (the "Company") announces that its subsidiary,
BFS Managed Properties Holdings Limited, has sold its long leasehold interest in
a mixed licensed premises and office investment property at 144 Friargate,
Preston for a total consideration of #3.45 million. The property comprises a two
storey purpose built commercial office and licensed premises fronting the ring
road at the edge of the central area of Preston. Completion took place on 24th
June 2003.

The investment was valued at #3.45 million (March 2003) by Lambert Smith Hampton
on an open market 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: 0845 130 1122


                      This information is provided by RNS
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