CORPORATE NEWS/M3 Communications Group/ Germanos Telekom Bulgaria signs lease at state-of-the-art logistics center at Sofia airport center

   M3 COMMUNICATIONS GROUP/ GERMANOS TELEKOM BULGARIA SIGNS LEASE AT STATE-OF-THE-ART LOGISTICS CENTER AT SOFIA AIRPORT CENTER

   Telecommunications Market Leader Will Be Near Sofia Airport in Prestigious New Center for International Companies & Business Travelers

   SOFIA, BULGARIA - December 8, 2008 - Developer Tishman International Companies, a leading international commercial real estate development and management company, and GE Real Estate Central & Eastern Europe have announced that GERMANOS Telekom Bulgaria EAD has signed a lease for 2,300 square meters of office and warehouse space in Sofia Airport Center (SAC), the new, mixed-use office, hospitality, and logistics project that is designed to be the largest and most successful development of its type in Bulgaria.

   GERMANOS Telecom Bulgaria EAD is the largest telecommunications retail chain in Bulgaria, and operates 138 stores in 76 cities, selling mobile phones, accessories and services offered by Globul, the COSMOTE SA affiliate in Bulgaria. The company is an affiliate of the GERMANOS Group of Companies, the market leader for the sale of telecommunication products and services in South Eastern Europe, with more than 830 stores in Greece, Bulgaria, Romania and FYROM.

   The high-profile, energy-efficient and environmentally friendly SAC Logistics Center is expected to meet the high expectations of multinational tenants.

   The SAC development is proceeding as planned and financing is in place. "Unlike other projects in Sofia that have had to freeze construction due to scarce financing during the economic slowdown, we are safe from financing issues, and we will not encounter any problems in completing Sofia Airport Center," said Tishman Chairman Alan D. Levy. "

   The construction of the logistics center at SAC is progressing and the last remaining warehouse space in the project's first logistics building to be finished is already fully leased. Tenant improvements are currently underway, and the building is scheduled for occupancy in January 2009 with the second building approximately 30 days thereafter. Construction has also begun on adjacent Class A office building of approximately 17,500 square meters in the Office Center, which is slated for completion by the end of 2009.

   The tenants who have staked their claims in the new SAC Logistics Center were drawn not only by the very convenient location, but also by the comprehensive services provided by Tishman's on-site property management, such as 24-hour security, pest control, snow removal, landscaping and engineering services. The facility's proximity to Sofia International Airport, just three minutes away, is very important to SAC tenants, offering a clear advantage over the potential competition. ++++++++

   About Tishman International Tishman International Companies is active in the United States and Europe in the acquisition, development, management, and financing of commercial real estate. Tishman has acted as a consultant and joint venture partner to some of the world's leading institutions and private investors.

   About Tishman International in Europe In 1986, Tishman established its European headquarters in London, England. Since then, the Company has developed and/or managed in excess of six million square feet of premier office and commercial space in the United Kingdom. Additionally, Tishman has provided acquisition and management expertise for millions of square feet of prime real estate assets in Europe, including several Supermarket Centres in the Czech Republic for an International Supermarket Company. Its prestigious roster of clients and partners has included Metropolitan Life, New York Life, Teachers Insurance, Bank of America, Grosvenor International, Citibank, American Express, Fidelity Investments, Lend Lease, HVB Real Estate, and many others.

   About GE Real Estate GE Real Estate currently has over 1 billion invested in Central and Eastern Europe. The Company has invested or developed in the retail, office, residential and logistics sectors in the Czech Republic, Poland, Slovakia, Bulgaria, Hungary and Romania. The Company also made its first investment in Turkey in 2006.

   GE Real Estate (www.gerealestate.com) is one of the world's premier commercial real estate companies with more than US$87 billion in assets and a presence in 31 markets throughout North America, Europe, Asia, and Australia/New Zealand. Backed by GE's AAA rating, GE Real Estate offers a comprehensive range of capital and investment solutions including equity capital for acquisition or development, as well as fixed and floating rate mortgages for new acquisitions or re-capitalizations of commercial real estate. With a 28% compound annual growth rate since 1993, GE Real Estate is one of the world's fastest growing and most profitable real estate enterprises. This extraordinary record of success grows out of a reputation for collaboration and partnership; a depth of knowledge and experience and a history of building relationships, finding opportunities and opening doors for more than 5,000 owners, builders, borrowers and brokers worldwide.

   DISCLAIMER

   Dies ist eine Mitteilung von M3 Communications Group. Für den Inhalt ist ausschließlich die M3 Communications Group verantwortlich.

   December 08, 2008 11:08 ET (16:08 GMT)

   Copyright (c) 2008 Dow Jones & Company, Inc.- - 11 08 AM EST 12-08-08

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