Eastern Property Holdings Acquires Full Ownersh...

Eastern Property Holdings Limited (EPH) / Eastern Property Holdings Acquires Full Ownership of Prime Moscow Property processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. 

EPH has acquired full ownership of Geneva House, a 16,500 sqm Prime Class A
office and retail property at 7 Petrovka Street in Moscow.  The property has
been developed by EPH as a 50%-owned joint venture. Construction was completed
and title received in the latter half of 2009.

Geneva House has eight above ground floors and four underground floors. The
first two above-ground floors and the first underground floor of the building
are retail space. The other six above-ground floors are for office use, and
three underground floors house almost 140 parking spaces. The property is
located approximately 600 meters from the Kremlin, in the immediate vicinity of
the Bolshoi Theatre, Marriott Aurora, and TsUM department store.

Leasing of Geneva House is currently underway, with commitments for over half of
net rentable area from institutional tenants.

EPH also owns Berlin House, the 13,000 sqm Prime Class A office and retail
property adjacent to Geneva House at 5 Petrovka Street. The two properties
combined represent almost 20,000 sqm of Net Lettable Area and a continuous 100
meter frontage to Petrovka Street, considered one of Moscow's most prestigious
business addresses.

Please see the attached document for company background and contact details.



[HUG#1431153]



 --- End of Message --- 

Eastern Property Holdings Limited (EPH)
Valartis Asset Management SA/Case Postale 3458 Geneva Switzerland

WKN: 250817;ISIN: VGG290991014;

    Media Release (PDF): 

http://hugin.info/139905/R/1431153/377673.pdf



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. 
The owner of this announcement warrants that: 
	(i) the releases contained herein are protected by copyright and other applicable laws; and 
	(ii) they are solely responsible for the content, accuracy and originality of the information contained therein. 
All reproduction for further distribution is prohibited.
		
Source: Eastern Property Holdings Limited (EPH) via Thomson Reuters ONE