Cushman & Wakefield Investors launches its first property fund

1 Oct, 2007, Paris

Cushman & Wakefield Investors, in partnership with financial services group KGAL, is launching its first European property fund – The Paris Office Growth Fund. The Paris Office Growth Fund will target core plus/value add opportunities and will be a Luxembourg domiciled vehicle designed for institutional investors.

The target equity will be €160 million, which with conservative gearing of up to 65%, will create a fund with a gross asset value of €400 million. The fund will provide investors with focused exposure to the Paris office market. It is intended that the Fund will benefit from the Paris market which has an attractive leasing market and is one of the most active investment markets in Europe.

David Rendall, Co-head of C&W Investors in Europe said: “The timing of the launch of our first the fund is highly attractive, as it will enable us to take advantage of a more balanced investment market. Combining forces with KGAL creates a strong partnership with complimentary skills in property and financial management.”

Stefan Ziegler, Managing Director of KGAL, commented; “There is already strong interest for this profile of product with a clear focus and strategy. This will compliment KGAL's existing real estate fund products.”

Ends

For further information, please contact:

Helen Basil, Communications Director

Cushman & Wakefield

Tel: + 44 20 7152 5110 / 07793 808 110

KGAL:

Claudia Rosenberger, Head of Communications

KG Allgemeine Leasing GmbH & Co. (KGAL)

Phone 089 64143-533

Fax 089 64143-150

claudia.rosenberger@kgal.de

Notes to Editors:

Cushman & Wakefield Investors is an independent arm of the Cushman & Wakefield worldwide group. It provides a complete property investment management service, in both a discretionary and advisory capacity, and manages both direct and indirect property investments across the UK and the Continental Europe. Cushman & Wakefield Investors now totals over 30 professionals working across its three offices in London, Paris and Frankfurt. It has over €6.4 billion of assets under management, including €1.35 billion of indirect investments. In 2006, the team completed over €550 million of direct property transactions along with investing over €170 million into 15 indirect vehicles. www.cwinvestors.com

KGAL has been actively involved in providing financial services to large-scale projects for almost four decades now. The company can today draw on all the experience and expertise it has gained over the years in offering its customers excellent services in its two segments Funds and Asset Management and Corporate Solutions. KGAL succeeds in meeting the demands of investors for advanced investment products and in innovatively satisfying the increasing financing requirements of both the private and the public sector. With a volume of new business of EUR 7.3 billion in 2006 and a portfolio volume of EUR 37 billion (calculated at acquistion costs), KGAL is among the highest performing and most successful companies of the industry. www.kgal.de

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For further information, please contact:

Helen Basil
+44 20 7152 5110

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