Redevco purchases retail site in Bratislava

Amsterdam (OTS) - The Slovakian subsidiary of REDEVCO Central
Europe purchased almost 30,000 sq.m. of land in Bratislava Petrzalka from the Slovakian subsidiary of GENERALI IMMOBILIEN AG on 1 January 2007.

The site, which is located just a few hundred metres from the Austrian border, next to the Carrefour "Danubia" shopping centre, will be developed by REDEVCO. "This is a prime site for large-scale retail development, says Jörg Bitzer, Managing Director of REDEVCO Central Europe in Vienna. "The location is an excellent site for further retail development, not only due to its proximity to the Danubia shopping centre, but also because of the very large catchment area in southwest Bratislava."

Bitzer says that this investment demonstrates once again REDEVCO’s intention to "invest primarily where people shop".

About REDEVCO

REDEVCO, part of COFRA Holding, owns one of the largest retail real estate portfolios in Europe. The company is active in 19 European countries and develops and manages a portfolio consisting of retail properties in top locations throughout Europe’s major cities. The portfolio, which also includes office buildings and logistics centres, currently comprises over 1,000 buildings, with an estimated value of
c. Euro 6.7 billion.

Rückfragen & Kontakt:

Jaap Gillis
COO
REDEVCO Europe
Wibautstraat 224, 1097 DN Amsterdam, The Netherlands
Telephone: + 31 20 599 62 62
Facsimile: + 31 20 599 62 63
E-mail: info@redevco.com
Web site: www.redevco.com

Contact:
Jörg Bitzer
Managing Director
REDEVCO Central Europe
Generali Center, Mariahilfer Straße 77-79, Austria
Telephone: + 43 1 712 82 03
Facsimile: + 43 1 712 82 03 30
E-mail: info.at@redevco.com
Web site: www.redevco.com

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