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Benchmark Group PLC (BMK)

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Monday 15 January, 2001

Benchmark Group PLC

Disposal

Benchmark Group PLC
15 January 2001



     BENCHMARK SELLS £58 M OF CENTRAL LONDON PROPERTIES
                              
                                          15 January 2001

Benchmark  Group  PLC ('Benchmark'), the  Central  London
property  investment and development  company,  announces
that it has completed the sale of three properties for  a
total of £57.69 million.  This represents a net profit of
£1.91  million, or 3.5% over book value and a surplus  of
£21.2 million or 59.5% on historic cost.

The three properties are:

* The long leasehold interest in Liscartan House, 127/131
  Sloane  Street,  London SW1, comprising  27,200  sq  ft
  (2,526   m2)   of   offices,  retail  and   residential
  accommodation,  which was sold to the  freeholder,  the
  Cadogan  Estate.   The  total  current  net  rental  is
  £1,002,910 per annum.
  
* The long leasehold interest in Granville House, 132/135
  Sloane  Street  which  adjoins  Liscartan  House.   The
  property  comprises 24,200 sq ft (2,248 m2) of offices,
  retail and residential accommodation and was also  sold to
  the  freeholder,  the Cadogan  Estate.   The  total
  current net rental is £978,114 per annum.
  
* The freehold interest in 27 Soho Square and 60/61 Greek
  Street, London W1 comprising 30,000 sq ft (2,788 m2) of
  office  accommodation, which was sold to a  UK  private
  investor.   The total current net rental is  £1,342,500
  per annum.
  
Commenting  on  the  transaction,  Nigel  Kempner,  Chief
Executive of Benchmark, said:  'We have ended 2000 in the
way  we  intend  to  continue  in  2001.   Whilst  market
conditions  are still conducive to achieve  sales,  which
generate  good  returns  on  historic  cost  and  convert
unrealised  valuation  surpluses into  realised  profits,
then we will take advantage of those conditions.  All the
characteristics  of  the  Central  London  market  remain
strong  at  the moment and there is still a  shortage  of
good  modern space for the level of tenant demand.   This is
leading  to continued rental growth and  interest  in
investments  and  we  will purchase new  situations  when
there  are  opportunities to use our specialist expertise to
add value.'


For further information please contact:

Nigel J Kempner
Benchmark Group PLC
020 7287 6881

Jeremy Carey / Bella Pagdin
Tavistock Communications Ltd 
020 7600 2288




                                                                                
                  

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