Meinl European Land Limited to be renamed Atrium European Real Estate
St Helier Jersey (euro adhoc) -
ots.CorporateNews übermittelt durch euro adhoc mit dem Ziel einer europaweiten Verbreitung. Für den Inhalt der Mitteilung ist das Unternehmen verantwortlich.
St Helier, Jersey, 30 May 2008: Meinl European Land ("MEL") announced today a proposed new name - Atrium European Real Estate Limited.
The new name is conditional upon regulatory and certificate holder/shareholder approval and closing of the investment by CPI/Gazit Holdings Limited ("CPI/Gazit") in MEL (the "Transaction").
"The new name of Atrium European Real Estate will be another step towards a new future for MEL," said Rachel Lavine, the proposed CEO of the company with effect from closing of the Transaction. "This will be a new, strong brand that we aim to position as one of the premier real estate companies in Europe, synonymous with delivering value for shareholders."
Closing of the Transaction, including adoption of the new name, is subject to a number of conditions, including certificate holder/shareholder approval and regulatory consents, including from the Jersey Financial Services Commission. The appointment of Rachel Lavine is also subject to fulfilment of appropriate Jersey Financial Services Commission approval requirements and certificate holder/shareholder approval.
Notes to editors:
About Meinl European Land MEL is a real estate investment and development company whose primary focus is on retail assets in Central and Eastern Europe. At 31 December 2007 it had 162 operating investment properties with a market value of approximately EUR1.9 billion and a significant portfolio of development projects with an expected investment requirement of EUR3.3 billion, of which EUR0.8 billion had been spent by 31 December 2007. In addition, it has established a land bank of over 1.8 million sqm. The Company has been listed on the Vienna Stock Exchange since 2002 and is currently capitalised at EUR1.8 billion.
CPI/Gazit Holdings Limited CPI/Gazit Holdings Limited is a joint venture between Gazit-Globe Ltd ("Gazit"), a multinational real estate investment company listed on the Tel Aviv Stock Exchange (TASE:GLOB), and CPI Austria Holdings Limited ("CPI Austria"), a wholly-owned subsidiary of CPI Capital Partners Europe LP (and its parallel funds), a real estate fund advised by Citibank International plc through its business unit, Citi Property Investors ("CPI").
About Gazit-Globe Ltd Gazit is a leading multinational real estate investment company with in excess of EUR8 billion of properties under control in the United States, Canada, Europe, Israel and Brazil. Gazit and its public subsidiaries are corporate governance leaders in their markets and are governed by world class boards of directors. Gazit actively pursues growth opportunities, both organically and through strategic and accretive acquisitions.
About Citi Property Investors CPI is a global real estate investment manager with offices in major financial centers and with more than $12.9 billion in assets under management as of 1 February 2008. CPI employs more than 125 real estate professionals and its senior leaders have an average of more than 20 years of commercial real estate experience. CPI is the real estate investment center of Citi Alternative Investments which as of 31 December 2007 had EUR59.2 billion of un-levered assets under management.
Contacts for enquiries:
Citigate Dewe Rogerson Trimedia
Michael Berkeley Bernhard Hudik
+44 20 7638 9571 +43 1 5244 300
For questions pertaining to CPI/Gazit, Gazit and CPI Austria:
Financial Dynamics Dr. Viktor Bauer PR GmbH
Stephanie Highett Dr Viktor Bauer
Richard Sunderland Mag. Anita Köninger
+44 (0)20 7831 3113 firstname.lastname@example.org
+43 (1) 320 95 45 18
Index: Standard Market Continous
Börsen: Wiener Börse AG / Amtlicher Handel