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Meinl European Land Limited

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

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
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.
end of announcement                               euro adhoc 22.02.2007 14:18:34

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

Plus de actualités: Meinl European Land Limited
Plus de actualités: Meinl European Land Limited