Von der Heyden Group negotiates new leases for Liberty Corner and reaches 95% occupancy (PL/DE)

As we informed on November 25th, 2005, Von der Heyden Group sold its shareholding in one of its 14 Polish purpose companies: Mysia 5 Sp. z o.o., the owner of Liberty Corner in Warsaw, to Luxemburg based Accession Fund, managed by GLL Real Estate Partners. Von der Heyden Group has been retained by Accession Fund to arrange for the lease up of the property within 12 months, which has now been achieved within 2 1/2 months only.

Liberty Corner, Warsaw, Poland.

The following newly signed lease agreements are announced:

1: Bombardier Transportation Polska Sp. z o.o. - the world leader in the production of rolling stock and related equipment as well as business and regional aircraft. The group, which has its head office in Canada, employs 60,000 staff in 21 countries. In Poland, Bombardier operates four production facilities in Katowice, Łódź, Warsaw and Wrocław where rolling stock, traction equipment and railway movement control systems are

manufactured. In Poland, the companys product range includes locomotives, DMUs, EMUs, modern double-decker carriages, trams, movement control systems and traction equipment (210 sqm on the second floor);

2: BZ WBK AIB Towarzystwo Funduszy Inwestycyjnych S.A. one of the most experienced and recognized players in fund market. It has been present at the market for 8 years now and currently it manages 9 investment funds of total assets value of over 7,7 billion PLN, which is over 12,6% market share (as for the end of December 2005) (213 sqm on the first floor);

3: Spencer Stuart Poland Sp. z o.o. - the Polish subsidiary of a renowned consulting company present at the market since 1956. Today the firm employs over 300 consultants in 49 offices around the globe. Last fiscal year Spencer Stuart reached over 420 million USD, which represented ca. 15% of revenues' increase. This result places Spencer Stuart as the number two worldwide in it's league. In 2005 the firm booked 4300 assignments (290 sqm on the fourth floor);

4: Zara Polska Sp. z o.o. ZARA belongs to Inditex, one of the largest fashion retail groups worldwide and one of the largest Spanish Companies. Inditex has seven other chains: Kiddy's Class, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home. The Inditex Group is comprised of over one hundred companies associated with the business of textile design, manufacturing and distribution. The first ZARA shop opened its doors in 1975 in Spain. Now, ZARA has 626 stores in 46 countries. In Poland there are 11 ZARA shops and there will be 16 until the end of 2006. Zara offers the latest trends in international fashion in an environment of thought-out design. Its stores, located in the main commercial areas of cities across Europe, America and Asia, offer fashion inspired in the tastes, wishes and lifestyles of todays men and women. (430 sqm on the fourth floor);

5: 722 sqm on the fifth floor rented to an international undisclosed entity operating in facility management field.

Apart from the above mentioned new leases, Liberty Corner hosts also other prestigious Tenants like: the Embassy of Ireland, Instituto Valenciano de la Exportacion, IVEX S.A., Deutsche Bank, Nicolas Neumann Interiors, Jaime Mascaró, Knight Frank, Kolaja & Partners, Emerging Europe Investors and Von der Heyden Group.

"We are particularly proud of our team to have achieved this extraordinary result in less than 3 months. Liberty Corner has certainly shown to be THE benchmark building on the Warsaw office market, both in terms of net rental levels achieved as well as construction quality and care for detail", said Sven von der Heyden, Chairman of Von der Heyden Group.

Adam Trybusz, Managing Director of Von der Heyden Group in Poland said: "The famous dictum for a successful project: location, location and location could be transformed here into 3 principles: location + quality + project scale = Liberty Corner."

Liberty Corner is a Von der Heyden Group deve

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