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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.

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