-------------------------------------------------------------------------------- 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 --------------------------------------------------------------------------------
ots Originaltext: Meinl European Land Limited Im Internet recherchierbar: http://www.presseportal.de
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
Forum
