WPFI Westbury Inc

RNS Number:6639T
Westbury Property Fund Limited
26 March 2007

26 March 2007

For immediate release



                The Westbury Property Fund Limited ("Westbury")

                                  Acquisition


Westbury announces that Westlink Holdings Limited and Westlink Group Limited
(together "Westlink"), its wholly owned subsidiaries, have acquired AHC
Warehousing Limited and associated companies ("AHC") together with 100 acres of
land and buildings from which AHC operates for #33.5 million.


The acquisition of AHC, an established and profitable warehousing and
distribution business based in Widnes, and the land from which it operates is
key to Westlink's growth strategy and provides a number of operational synergies
and property development opportunities.  Westlink owns and operates the Port of
Weston in Runcorn, a site which benefits from road, rail, deep sea and inland
waterway access which is being re-generated into an inter-modal port facility.
The Port of Weston is just over a mile away from AHC and it is planned to
combine the management activities of both sites to complement the existing and
proposed Port of Weston customer offering.


Westlink acquired AHC from James Quinn and other individuals and related trusts
for #12.5 million and purchased the underlying land and buildings from
Drawbridge (Ditton) Limited for a total of #21.4 million. The site acquired
amounts to some 100 acres of land and buildings and benefits from a rail head
from which Westlink's rail freight business, Victa Westlink Rail, will look to
expand its operations.  In the year to 31 March 2006 AHC achieved a loss before
tax of approximately #19,000 and at that date had gross assets of #14.4 million.
AHC's clients include several blue chip companies with long-established
relationships with the company.




Richard Burrell, Chief Executive of Assura Group Limited, Westbury's Investment
Manager, commented:


"This strategic acquisition is a significant step in the growth and development
of Westlink into an inter-modal transport and infrastructure business and the
acquisition is a further example of Westbury shifting its focus from directly
owned commercial property into asset-backed operating businesses."




For further information please contact:


Richard Burrell/Ben Browne-Clayton              01244 893 680 / 020 7107 3839
Assura Fund Management LLP


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

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