Meinl European Land Limited

euro adhoc: Meinl European Land Limited
Mergers - Acquisitions - Takeovers / Meinl European Land Limited - Opening of two new shopping centres - Admission into the Dow Jones Stoxx 600 Index

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Vienna, 24th November 2005. Meinl European Land has successfully completed two development projects for a total investment value of 70 million Euro in Poland an Hungary.

Opening of a 50 million Euro shopping centre in Torun a major success

Meinl European Land celebrates the grand opening of a shopping centre in Torun in Poland, with a total letable area of approximately 35,000sqm yesterday. Torun is a regional hub of more than 200,000 inhabitants in the North-Western part of Poland, 250km from Warsaw. Total Development costs for the shopping centre came up to around 50 million Euro. The centre, called "Galeria Copernicus", is leased on a long-term contract basis to the German Metro group with a "Mediamarkt" electronics market and a "Real" hypermarket as anchor tenants. An additional 80 attractive shops, which are leased to well known brands such as Douglas or Deichmann, complete the tenant mixture. On the opening day a huge growd of customers made their first shopping in the fully let centre. Leading members of Torun’s administration expressed their view that they consider the Galeria Copernicus as a "real enrichment" for the city.

20,000sqm retail park in Szombathely opens on Friday

Meinl European Land will open a further project - a 20 million Euro retail park close to the Austrian-Hungarian boarder - tomorrow. The centre, called "Family Center" - a name also used for other retail parks of the group in the Czech Republic and Hungary - has a total letable area of almost 20,000sqm and is also leased to Metro with a "Mediamarkt" and a "Praktiker" do-it-yourself market as anchor tenants. The tenant mix is amended by several smaller units. The Family Centre is close-by a Tesco centre at the most important retail location of the city.

Meinl European Land admitted into the Dow Jones Stoxx 600 index

Meinl European Land will be also included into the Dow Jones Stoxx 600 index as of 19th December 2005. The Dow Jones Stoxx 600 index exists since 1999 and covers the 600 most important stock exchange listed companies in 17 European countries. Consequently, Meinl European Land will have been admitted this year into 4 of the most important international indices: the GPR 250 index, the MSCI index, the French IEIF index and now the Dow Jones Stoxx 600 index - a result of the successful company development during the last 2 years.

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ots Originaltext: Meinl European Land Limited
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Further inquiry note:
Pleon Publico Public Relations & Lobbying
Mag. Claudia Müller-Stralz
Tel.: ++43 (0) 1/717 86 107

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

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