Meinl European Land Limited

euro adhoc: Meinl European Land Limited
Mergers - Acquisitions - Takeovers / Meinl European Land wins tender for land plot in Istanbul

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Company Information

22.02.2007

Jersey, 9 February 2007. Meinl European Land has won a public tender for a 90,000 sqm land plot in prime location with excellent road access in the Asian part of Istanbul. The purchase price for the whole land plot amounts to approximately EUR 100 million. Meinl European Land plans to develop on this land plot a shopping centre with a lettable area of around 50,000 sqm. The project also includes a significant land reserve. The investment volume for the shopping centre including costs for the land acquisition will amount to approximately EUR 200 million.

Development partner for the project is the Acteeum Group, with whom Meinl European Land signed a corporation agreement in 2006. Based on this corporation agreement Acteeum develops shopping centres and retail parks for Meinl European Land especially in Turkey and the Ukraine.

Turkey belongs to Meinl European Land’s main investment markets. With this new project the Company has set an important mile stone to further strengthen its position as a major retail real estate investor in the region.

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ots Originaltext: Meinl European Land Limited
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Pleon Publico Public Relations & Lobbying
Mag. Claudia Müller-Stralz
Tel.: ++43 (0) 1/717 86 107
mailto:claudia.mueller@pleon-publico.at

Branche: Real Estate
ISIN:      AT0000660659
WKN:        066065
Index:    Standard Market Continous
Börsen:  Wiener Börse AG / official market



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