DELANCEY ACQUIRES ALLIED LONDON PROPERTIES

Allied London Properties Ltd (“Allied”), the successful London-based UK property investment and development company specialising in city-centre development, and regeneration announces today that Capital Holdco Ltd (“Capital”), a company formed by the management of Allied, The Royal Bank of Scotland plc (“RBS”) and Delancey, has completed the acquisition of the entire issued share capital of Arrow Properties Ltd (“Arrow”), Allied’s holding company.

Arrow was formed by Allied’s management, RREEF, and JER Partners (“JER”) to acquire Allied when it delisted from the London Stock Exchange in 2000.

Capital is owned by Allied’s management, RBS (Equity Finance division) and Delancey. The acquisition of Arrow will be financed by a mix of debt and equity, the debt being provided by RBS.

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