Javier Hortelano appointed Managing Director of REDEVCO Spain/Portugal

As of 24 May 2004 Mr Javier Hortelano will join REDEVCO as Managing Director of REDEVCO Spain/Portugal.

Mr Hortelano, who will be succeeding Mr Tim Nalder who left the company by the end of 2003, has been Managing Director Spain/Portugal of VastNed Management España SL (VastNed Group) since 2000 and was previously Director of Centros Shopping SA (Carrefour real estate subsidiary) where he worked from 1993 to 2000.


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