Meinl European Land Limited

euro adhoc: Meinl European Land Ltd.

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Company Information


St Helier, Jersey, 9 July 2008: Meinl European Land Limited ("MEL" or the "Company") announced today that Peter Baguley, currently property director at J Sainsbury plc and formerly property and investor relations director at Boots PLC (now Alliance Boots), both London-listed FTSE 100 companies, has agreed to become an independent non-executive director of MEL.  Mr Baguley is also on the advisory boards of the British Council of Shopping Centres and Retail Week (the UK´s leading retail trade magazine) and is a member of the Bank of England Property Forum.

Mr Baguley´s appointment will take place, and is conditional upon closing of the investment in the Company by CPI/Gazit Holdings Limited ("CPI/Gazit"), 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.  Closing of the investment is subject to a number of conditions, including certificate/shareholder approvals which will be sought at the extraordinary general meeting of the Company to be held on 16 July 2008.

In addition, upon closing of the investment, the Company´s name will be changed to Atrium European Real Estate and an internal management structure will be adopted with a new management team.

The appointment of Mr Baguley to the board is subject to appropriate Jersey Financial Services Commission approval requirements.

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ots Originaltext: Meinl European Land Limited
Im Internet recherchierbar:

Further inquiry note:
London Austria
Citigate Dewe Rogerson Trimedia
Michael Berkeley Bernhard Hudik
Sally Marshak +43 676 842 44381
+44 20 7638 9571 +43 1 5244 300

For questions pertaining to Peter Baguley:

London Austria
Financial Dynamics Dr. Viktor Bauer PR GmbH
Stephanie Highett Dr Viktor Bauer
Richard Sunderland Mag. Anita Köninger
Laurence Jones
+44 (0)20 7831 3113 +43 (1) 320 95 45 18

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

Weitere Meldungen: Meinl European Land Limited

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