Re: Disposal

Quintain Estates & Development PLC
08 November 2004



8 November 2004



               Quintain Estates and Development PLC ('Quintain')



               QUINTAIN SELLS LEASEHOLD INTEREST IN OXFORD STREET



Quintain Estates and Development PLC has exchanged contracts for the sale of its
various leasehold interests in the Mount Royal block at 508/540 Oxford Street,
London W1 for £80 million to The Great Victoria Partnership, a joint venture
between Great Portland Estates plc and Liverpool Victoria Friendly Society.  
The property, which generates a net income of £3.7 million per annum, have been
sold at the last reported book value.



Commenting on the disposal, James Hamilton Stubber, Quintain's Chief Operating
Officer, said:



'The sale of the Mount Royal interests follows our strategy of reconfiguring our
core portfolio in order to reinvest in assets with higher income returns,
complementing the activity within our Special Projects business.'



                                    - ENDS -





Quintain Estates and Development

Rebecca Worthington / James Hamilton Stubber

Tel: [phone]



Financial Dynamics

Stephanie Highett/Dido Laurimore

Tel: [phone]


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