Anchor Plaza - EUR 57,6 million real estate financing from Eurohypo AG

2008-10-07

Anchor Plaza - EUR 57,6 million real estate financing from Eurohypo AG 2008-10-07 Bucharest, October 7, 2008 Anchor Office Development and Management SRL, group company part of Anchor Grup, announced that it was granted a loan of EUR 57.6 million from Eurohypo AG, Germany. The loan is intended for refinancing Anchor Plaza office building.

Anchor Plaza, inaugurated in 2006, is a class A office building bordering Plaza Romania Shopping Center. It has approximately 26,000 sqm of GLA and 246 parking places. Anchor Plaza is currently 100 % leased, accommodating important companies such as Credit Europe Bank, Carrefour, Adobe Systems, Romtelecom, RTC Holding and Kanal D.

Ali Capa, the Chief Financial Officer of Anchor Grup, said: "Anchor Office Development and Management SRL was proud to be able to demonstrate its credibility among reputable financial institutions by attracting this financing, despite the economic volatility around the globe. With this new financing, Anchor Grup consolidated its position as one of the largest and most reputable real estate borrowers in Romania."

Commenting the deal, Fulga Dinu, the Romanian representative of Eurohypo AG, said: "We are content to be able to conclude such sound transactions in this very unstable environment. This proves that we managed to create in Romania a very solid client base with healthy business and we hope to continue along these lines."

About Anchor Grup:

Anchor Grup S.A. is one of the leading real estate developers in Romania. The core business of the company is to develop and manage real estate projects in Romania. The company has extensive experience in developing retail projects, residential and office buildings. The strategy of Anchor Grup consists of combining the international expertise and the experience acquired on the local market to provide the best real estate solutions for customers and investors. The main projects of Anchor Grup are: Bucuresti Mall, the first modern shopping center opened in Romania; Plaza Romania, one of the most attractive retail and entertainment spot in the capital; Anchor Plaza, the first A-class office building integrated with a commercial center, Anchor Plaza Metropol, A-class office building located close to Plaza Romania, Shopping Mall Dova, first modern shopping center in Chisinau, and InCity Residences a downtown residential compound. During the next years, Anchor Grup will develop a new series of projects in the retail, residential and commercial field.

Eurohypo AG - Profile

The German based Eurohypo AG, Eschborn, is the leading specialist bank for commercial real estate and public financing. The Bank is an important member of the Commerzbank Group with focused client groups and a diversified global reach. The Bank is a real global player with presence in nearly every European country and one of the top-players in the USA. Eurohypo has also established its corporate finance business in the Asia/Pacific region as well as in Latin America. Overall, around three quarters of the new business is attributable to international activities in the real estate segment.

The conjunction of real estate financing in the commercial real estate business as well as in public finance and a broad international network stand behind Eurohypo' s strength. But its most important value leverage is relationship banking.

This is why the Bank has an excellent position in the global market. In order to deliver optimal tailor made solutions, all state-of-the-art advisory and financing instruments are utilised: For professional clients Eurohypo offers the entire added value chain in complex real estate financing transactions worldwide. With this service around commercial real estate the Bank fulfils customer wishes as a "house bank" in this special segment.

In Public Finance, the second core business of Eurohypo, the Bank is an important partner for governments around the world. Eurohypo's public finance business is an international one, too: Around the half of new business stem from countries outside Germany. The pace of expansion is driven by the Bank's business partners; Eurohypo moves into markets alongside with clients as a global operator.

The Bank is also the premier issuer in the covered bond market. With its benchmark issues the Bank is the market leader in the Jumbo-Pfandbrief segment. It has a wide range of refinancing options with a worldwide access to the capital markets.

sus