PRESS RELEASE Istanbul, Amsterdam – 12 March 2012 | Page 1/2

Redevco Turkey continues to secure top retailers for

Magnesia Shopping Center in Manisa: 90% now leased

Redevco Turkey has now leased ninety per cent of units at the Magnesia Shopping Center

being developed in Manisa, Turkey’s fourteenth largest city, with a total population of ca.

1.4 million. Units in the center, which will provide a total of 18,600 sq. m. of gross leasable

space, have already been let to tenants such as Tesco Kipa, Fun Plus, Mango, Mavi,

Deichmann, De Facto, US Polo and many other national and international brands. Cinens, a

Turkish cinema operator, Teknosa, leader in Turkey’s electronics retail sector, and LC

Waikiki, a top Turkish clothing brand, recently signed up. Magnesia Shopping Center is

Redevco’s third investment in Turkey. The center is scheduled to open at the end of June

2012 and, like other Redevco projects, it will have a BREEAM certificate. The Center will be the first to bring a fully modern organised retail offer to Manisa. With no less than 18,600 sq. m. of retail space, the Center will accommodate 65 units, a hypermarket, a technology market, a seven-screen cinema, as well as 350 parking spaces. Tesco Kipa, the region’s most popular hypermarket operator, has signed up for 4,200 sq. m. Teknosa has 700 sq. m, LC Waikiki, a famous Turkish fast fashion brand has 1,600 sq. m., and Fun Plus has taken 700 sq. m. for its kids’ playground. Construction work on the Magnesia Shopping Center, which covers a total of 35,000 sq. m., started in mid-June 2011. Work on both the site and on the landscape & infrastructure is nearing completion.

REDEVCO’s green commitment: To improve energy efficiency and to promote green design, the Magnesia Shopping Centre, designed by Redevconcepts, is being developed according to BREEAM standards. As in all our previous projects, we are committed to reducing the environmental effects of our activities. For example, we aim to improve energy efficiency and indoor quality, to control and minimise water consumption and pollution, and to reduce CO2 emissions. We have therefore adopted BREEAM (BRE’s Environmental Assessment Method) as a green certification system. We are aiming to be assessed as “Good”.

PRESS RELEASE Istanbul, Amsterdam – 12 March 2012 | Page 2/2

Manisa is ideally located at a main junction connecting Izmir to Ankara, Istanbul and Central Anatolia. And the Magnesia Shopping Center itself is at a prime location close to the city centre, between Celal Bayar Hospital, Celal Bayar University (home to 30,000 students), and the Courts of Justice. It can be easily reached by car and public transport from the city centre, and is within walking distance of Manisa railway station and other public transport facilities. It is also easily accessible from neighbouring provinces, and from Turgutlu, Salihli and Akhisar, districts with populations of over 130,000 located just 15 and 45 minutes from Manisa.

With its Magnesia Shopping Center, Redevco Turkey is helping to address the great need for retail space in Manisa. The city has been a major settlement and trading Center for centuries, and recently accelerated its commercial and economic development. Manisa’s per capita GDP is above the national average, largely owing to the importance of its white goods industry. ABOUT REDEVCO: Redevco is an independent real estate company, managing and developing one of the largest retail portfolios in Europe, currently valued at 7.4 billion euros. The heart of our portfolio consists of around 700 properties, mainly situated on the main high streets of major cities, with a focus on prime, well-located properties offering high growth potential. Redevco is owned by Cofra Holding AG, a Swiss-based holding company. For more details, please contact: Pınar Saklıyan Koçali Corporate Communications & Marketing Manager REDEVCO Turkey Büyükdere Cad. Metrocity İş Merkezi A Blok Kat:21 34330 1.Levent Istanbul Turkey Telephone: +90 212 385 93 00 Fax: +90 212 385 93 01 Email: pinar.sakliyan@redevco.com Website: www.redevco.com

Lisette van der Ham Head of PR & Corporate Communications REDEVCO B.V. Wibautstraat 224, 1097 DN Amsterdam The Netherlands Telephone: +31 20 599 6262 Fax: +31 20 599 62 63 Email: lisette.van.der.ham@redevco.com Website: www.redevco.com