RODAMCO EUROPE FORMALIZES BRATISLAVA'S AUPARK SHOPPING CENTER

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					PRESS RELEASE


     RODAMCO EUROPE FORMALIZES BRATISLAVA’S AUPARK
            SHOPPING CENTER TRANSACTION


Rotterdam, February 16 2006 - Rodamco Europe N.V., the largest publicly listed
property investment and management company in the retail sector in Europe, has
completed the formal purchase of a 50% stake in the Aupark shopping and
entertainment center. Aupark is the largest and most successful regional shopping
center in Bratislava, the capital of the Slovak Republic. The acquisition was
announced on December 14, 2005.

During the formalization process, parties have also come to an agreement on the development
of further planned extensions to the shopping center. Rodamco Europe has agreed to acquire
50% of the 14,400 m2 extension at a yield slightly lower than the yield on the initial investment.
Following the extension, Aupark’s total GLA will be around 58,000 m2. The extension is
scheduled for completion in 2007 and will offer larger units and open up the center further to
international tenants, reinforcing the retail mix.

Following final approval from the Slovak Antimonopoly Office, expected during Q2 2006, the
transaction will take effect as of 1 January 2006. Rodamco Europe will acquire Aupark for an
initial purchase price of € 75 million at a guaranteed return on initial investment of 7.75% for
the first three years. The final purchase price will be based on 2008 net rental income. Rodamco
Europe will also be able to increase its stake in the state-of-the-art shopping center in the future.
The 50% acquisition now formalized gives Rodamco Europe an option right to acquire an
additional stake as from 2013. The vendor also has option rights to sell its stake from the final
closing date. The purchase price on either option will be based on the market value at that date
set by appraisers and for the put option also set by potential third party investors.



COMPANY PROFILE RODAMCO EUROPE N.V.

Top quality shops and shopping centers form 88% of Rodamco Europe’s €8.7 billion investment
portfolio. Rodamco Europe is both investor and direct manager of its dominant shopping
centers, mostly in its home markets The Netherlands, Sweden, France and Spain. This makes
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Rodamco Europe the largest listed property investment and management company in the retail
sector in Europe. Rodamco Europe has a ‘single A with stable outlook’ rating from Standard &
Poor’s. Rodamco Europe NV is an independent investment company with variable capital and
qualifies as a Fiscal Investment Institution (FBI) under Dutch Law. Also, Rodamco Europe
qualifies as a “Société d’investissements immobiliers cotées” (SIIC) under French law. When the
conditions under the FBI and SIIC regime are fulfilled, no corporate income tax is due in the
Netherlands and France on current income from real estate. Rodamco Europe is listed on the
Stock Exchanges in Amsterdam, Paris, Frankfurt and Brussels. A Euronext 100 company,
Rodamco Europe is included in the Euronext Amsterdam Midkap Index (AMX) and in the
MSCI World Index. For more information on Rodamco Europe, visit our website:
www.Rodamco.com.

Note for the editor; for more information, please contact:

Rodamco Europe in Central Europe:
Scott Dwyer, Manager Director
Tel: + 43 1 203 4722 110

Rodamco Europe Corporate Center
Vivienne van Asten - de Leeuw, Investor Relations Manager
Tel: +31 (0)10 217 6400

www.Rodamco.com
E-mail: investors@rodamco.com / media@rodamco.com



Hill & Knowlton Nederland
Machteld Merens
Tel.: +31 20 404 4707
E-mail: mmerens@hillandknowlton.com