In consequence of the take-over counter-offer on the shares of the Luxembourg investment company Immo Croissance, announced by the Icelandic group Baugur on 27 June 2007, at 329.15 EUR per distribution share and 926.16 EUR per capitalisation share, which is 10.98% higher than the conditional voluntary public counter-offer by Leasinvest Real Estate, announced on 26 June 2007, at 296.59 EUR per distribution share (coupon nr. 20 and following enclosed) and 834.54 EUR per capitalisation share, the manager of Leasinvest Real Estate has decided in accordance with the Luxemburg legislation, after deliberation, to withdraw his offer.
LEASINVEST REAL ESTATE
Leasinvest is a listed Belgian real estate fund (SICAFI) which invests in quality and well-situated buildings: offices, logistics and retail in Belgium and in Luxembourg. The fair value of the real estate portfolio of Leasinvest on 31 March 2007 amounted to EUR 457 million. As of today, the portfolio in Belgium and in Luxembourg represents a surface of 272,303 sqm, in 26 locations and spread across 52 buildings. Leasinvest is listed on Euronext in the NextPrime segment. Leasinvest has a market capitalisation of EUR 301.8 million (on 25 June 2007).
For more information, please contact:
Leasinvest Real Estate
T: +32 3 238 98 77