Acquisition

RNS Number:9758O
CityBlock PLC
18 July 2005

18 July 2005




CITYBLOCK PLC ANNOUNCES ACQUISITION OF TWO DEVELOPMENT SITES IN HUDDERSFIELD AND
                                   MANCHESTER





CityBlock plc ("CityBlock"), the AIM-quoted developer and operator of
innovative, up-market, secure, off-campus student accommodation, today announces
the acquisition of two sites - one in Huddersfield and one in Manchester - for a
total consideration of #3 million. The payment will be funded by debt provided
to the company by Yorkshire Bank. The sites are in prime student-orientated
locations in the areas.



Both sites are historic buildings and CityBlock and their contractors will
undertake significant sympathetic refurbishment work (subject to planning),
enabling the sites to host an expected 200 rooms.



Commenting on the acquisitions, Trevor Bargh, Chief Executive Officer of
CityBlock, said:



"These are significant acquisitions for CityBlock as they represent major
investments in key student areas, extending the CityBlock concept and enabling
us to further develop the CityBlock name as a quality student lifestyle brand."







For further information, please contact:



CityBlock plc
Trevor Bargh, Chief Executive Officer                 Tel: [phone]


Redleaf Communications
Wendy Timmons                                         Tel: [phone]


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