Mainz, November 2, 2009 – Westdeutsche ImmobilienBank (“WestImmo”), has agreed to support the roll out of the LIPP acquisition strategy. WestImmo has initially provided funding for LIPP’s first acquisitions of 4 industrial estates in Milton Keynes, Didcot, Basildon and Tewkesbury, for circa £20m. LIPP is expected to grow to about £130m, with several additional assets already under offer.

Madeleine Forrest, Director, WestImmo commented: “LIPP not only had a very clear sector strategy but also best in class management, experience and track record. WestImmo is very pleased to provide support to Europa and M7’s partnership by matching our expertise in property finance with their understanding of the fundamentals of the sector.”

Noel Manns, Europa commented: “WestImmo was chosen as our partner bank for LIPP as their ability to work alongside us in creating an appropriate financing structure was a crucial factor. We took significant comfort that WestImmo had the ability, aptitude and professionalism to ensure this transaction was a success.”

Hugh Fraser, M7 commented: “It was important for us to work with a bank that understands our specialist sector and WestImmo demonstrated this knowledge. We are very pleased to be working with them and Europa in this venture.”