Property Investment

Highcroft Investments PLC
13 October 2006

HIGHCROFT INVESTMENTS PLC



Commercial Property Investment



Having reviewed a number of opportunities, the Board is pleased to announce that
on 12 October 2006 a subsidiary of Highcroft Investments PLC, Rodenhurst Estates
Limited, purchased a property located in Victoria, south west London, funded by
a combination of own cash resources and a loan drawn down from a bank facility
made available by Lloyds TSB plc to provide the debt element of any property
purchases in the medium term.



The property comprises five office units let to four separate tenants.



The value of the gross and net assets acquired is to be satisfied by a
consideration of £4,100,000.  The profits attributable to the transaction are
expected to be approximately £250,000 per year.



13 October 2006


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