REDEVCO Europe Services B.V.

REDEVCO Welcomes GESREP - First Tenant for "LUMION"

Geneva/Vienna (ots) - REDEVCO Offices Switzerland has signed the first lease agreement for its brand new office development "LUMION". GESREP SA, one of the leading companies providing insurance and financial services in Geneva, is the first tenant who took the opportunity to open high tech offices just two minutes walking distance from Geneva Airport. Last month GESREP signed a long term lease contract regarding 1.300 sq m office space in the third floor of LUMION. GESREP will open their new offices in April next year; tenant fit-out will start soon. "It is a great pleasure for us to welcome our first client", Michael Wakolbinger the responsible Managing Director of Redevco Central Europe said. "With our partner, Zschokke Développement, we have created an outstanding state-of-the-art-building which offers both flexibility and prestige, in an unbeatable environment, directly connected to the airport by a bridge. We are proud that LUMION has convinced GESREP S.A. of its quality and lay-out and are looking forward to a long term relationship with our new client". During the whole letting process Redevco could rely on the support and professionalism of CGI Immobilier. LUMION offers not only what tenants could expect from a modern office location, having offices at LUMION is a clear statement for transparency and sufficiency. "It was important for us to find top-quality offices for our new headquarter", Pierre Genecand, Chairman of GESREP said, "and it was crucial to have the offices as light and transparent as possible with best connections to public transport for our clients and employees. What we found at LUMION is just better than expected, having the airport and the railway station in front of our main door, we are still located in green and silent surroundings. The light design made of glass and aluminium, which makes LUMION unique, represents perfectly our mission in GESREP's core businesses, insurance services and pension fund management." GESREP SA is one of the main companies in the insurance and professional pension fund sectors in Switzerland. Its specialists provide their expertise to a customer base comprising companies and private individuals by analysing and managing their insurance portfolio and by founding and administrating pension funds. The company is especially active in sectors where customized solutions need to be found to meet the customer's specific requirements, for example in the event of mergers, outsourced management of personal insurance, international coverage, management of excess (insurance deductibles), etc. It has been based in Geneva since 1951, has one branch office in Zurich, and is linked to an international network covering more than 60 countries. The expansion of its business now means it needs to move to larger and more welcoming office premises. REDEVCO Central Europe is part of REDEVCO Europe, an independent real estate asset management organisation, is operating in 14 European countries. REDEVCO Europe's total portfolio, valued at around EUR 5.8 billion, comprises around 1,000 properties, most of them retail. REDEVCO Central Europe is active in Austria, Switzerland, Hungary and the Czech Republic and currently holding more than 35 properties with a value of approx. EUR 410 million. The development of LUMION is another step in the process of expansion and diversification of REDEVCO in Switzerland. ots Originaltext: REDEVCO Internet: www.newsaktuell.ch Contact: REDEVCO: Michael Wakolbinger Managing Director REDEVCO Central Europe Mariahilfer Strasse 116 A-1070 Vienne Phone: +43/1/712‘82‘03 Fax: +43/1/712’82’03’30 E-Mail: michael.wakolbinger@a.REDEVCO.com Internet: http://www.REDEVCO.com Gesrep S.A.: Yves Cuendet CEO Place Saint-Gervais, 1 CH-1201 Genève Phone: +41/22/721‘03‘03 Fax: +41/22/716’18’30 E-Mail:yves.cuendet@gesrep.ch Internet: http://www.gesrep.ch

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