Real4You Group obtains the PUZ for the MegaMall project on the Electroaparataj site and secures the first anchor tenants On December 13th 2011, Real4You Group has obtained the PUZ for their 70,000 sq m project in Bucharest, MegaMall, located on the site of the former Electroaparataj plant. Only months from the appointment of new agents, the project is approximately 20% leased. The real estate consulting companies Colliers and DTZ Echinox are co-exclusive leasing agents for the four MegaMall projects in Romania. The issue of the PUZ for the land plot is an important milestone in the construction calendar of the project and a key element for the attainment of the building permit and construction start in the second half of 2012. The recently signed tenants are located on the first underground level of MegaMall, occupying approximately 20% of the leasing surface of the shopping center. The stores will benefit of easy access to the underground parking, with over 2,300 units, as well as of a direct connection to the metro station scheduled for delivery in the immediate proximity of the project. “Winning the confidence of some of the most active and experienced retailers gives us great satisfaction. Their presence confirms the quality of the project and its location and has generated interest from numerous brands to join MegaMall Bucharest from an early stage and secure the best spots. With the PUZ in place, we are optimistic and enthusiastic about future leases.”, commented Razvan Sin, Head of the Retail Department, DTZ Echinox. “We are happy to receive such a positive news; the PUZ shows the local authorities support the project and gives a further boost for the leasing process.”, stated Simina Istrate, Associate Director within the Retail Division of Colliers International. MegaMall Bucharest is a 70,000 sq m mall to be developed at the junction of Iancului and Pantelimon roads, on the former industrial platform Electroaparataj. The scheme will benefit from a catchment area of over 1.2 million inhabitants and it is the first to address the shopping needs of people living in the Eastern side of Bucharest. Real4You Group also will develop several shopping centers throughout Romania, in cities such as Satu Mare, Focsani and Targu Mures, branded as Mega Mall. The countryside shopping centers will have between 18,000 sq m and 22,000 sq m each and will be anchored by a hypermarket or a supermarket. Outside the country, Real4You will next start the construction works of Mega Mall Sofia in February 2012. Real4You Group is an investment company in the real estate sector that was established in 1995 in Austria by Christian Rimpf and Klaus Riederer. The planning and realization of retail real estate properties is Real4You's core area of activity. Real estate projects arose primarily in Hungary, the Czech Republic, and Slovakia. In a second step, the investor successfully initiated activities in the Romanian and Bulgarian markets a few years ago. The company has been extremely active through the crisis, launching several new projects. In Romania, Real4You Group has built 21 MiniMax stores and 3 retail parks. DTZ is now part of UGL Services, a division of UGL Limited (ASX: UGL). The combined business is the third largest property services company in the world, providing corporate/occupier clients with a global, integrated end-to-end service offering and best-in-class investor services capabilities in investment agency, leasing agency, property and facilities management, project and building consultancy, valuation, and investment and asset management. The organisation has 24,000 permanent employees and 40,000 personnel including contractors, operating across 240 offices in 45 countries. In November 2002, after 9 years of successful operations on the Romanian real estate market, Echinox Consulting entered a partnership agreement with the multinational company DTZ, one of the leading global real estate services companies. Therefore Echinox Consulting became the local DTZ representative office, operating under the trade name of DTZ Echinox. DTZ Echinox provides a full range of services to investors, occupiers and owners across all sectors of the real estate market. Colliers International is a global leader in real estate services with more than 15,000 professionals operating out of 480 offices in 61 countries. As a subsidiary of First Service Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), Colliers offers the stability of a strong financial partner and significant local ownership providing clients with accountability and enterprising real estate solutions. Colliers provides a full range of services to real estate users, owners and investors worldwide including corporate solutions, sales and lease brokerage, property and asset management, project management, investment sales and consulting, property valuation and appraisal, mortgage banking and market research. The Lipsey Company and National Real Estate Investor magazine ranked Colliers International as the world’s number two commercial real estate brand.