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Tishman International Presents Sofia Airport Center to the Hellenic Business Council Conference in Sofia, Bulgaria

November 22, 2010, 12:35 (PX Newswire)

(Sofia, Bulgaria – November 22, 2010) – Los Angeles-based Tishman International Companies, a leading international commercial real estate development and management company, figured prominently as a participant in a conference of the Hellenic Business Council in Bulgaria (HBCB) on November 4, 2020 at the Sheraton Hotel Balkan, in Sofia, Bulgaria.

Tishman is a member of the HBCB, which was founded to promote and strengthen economic and cultural ties between Bulgaria and Greece by encouraging dialogue between key government and business figures of the two countries.

Bozhidar Zahariev, Leasing Manager of Tishman International’s Sofia Airport Center (SAC) development, participated as a speaker at the HBCB conference. Mr. Zahariev introduced Tishman International and its history, its global assets, and the company’s commitment to economic growth in Bulgaria, Greece and all of CEE. His presentation highlighted the importance of SAC, a joint project of Tishman International and GE Real Estate, and its pioneering of green design and building in Sofia. SAC has developed the first LEED-certified office building in Bulgaria.

“With a strong commitment to environmental stewardship and social responsibility, Tishman International has pioneered sustainable development in CEE,” commented Alan D. Levy, Chairman of Tishman International. “Our company’s development of SAC and our participation in the HBCB conference, as well as other business conferences and educational events, are key to Tishman International’s efforts to promote and support the economic benefits of green building,” he added.

The environmental and financial benefits of building sustainable projects up to LEED certification standards include lower operating costs and increased asset value, due to the conservation of energy and water; the reduction of harmful greenhouse gas emissions; and up to 70 percent reduction in solid waste.

SAC provides 180,000 sq. m of high-tech commercial space, including Class A offices and prime logistics space with state-of-the-art security and safety systems, amidst a lush landscape with a central lake, green areas and winter gardens. Still to come is an international hotel with dining, recreational, and conference facilities.

SAC’s energy consumption is drastically reduced due to the use of renewable sources of energy such as natural daylight through open atriums and double-glazed windows, solar shading via cantilevered sun louvers and dual-coated glass on building facades designed to reduce heat and solar impact and a complex, energy-efficient Building Management System (BMS) that monitors outdoor temperature and regulates climate controls with a variable air volume HVAC system.

About Tishman International - Tishman International Companies is currently active in the United States, United Kingdom and Central & Eastern Europe including Bulgaria, Hungary, Czech Republic, Slovakia and Romania. The firm specializes, in the acquisition, development, management and financing of commercial real estate. Tishman has been a consultant and joint venture partner to some of the world’s leading institutions and private investors and has recently been appointed by a UK Fund to provide asset and development management services for a portfolio of 12 properties located in Romania, Hungary, and Slovakia.

About Tishman International in Europe - In 1986, Tishman International established its European headquarters in London, England. Since then, the company has developed and managed in excess of six million square feet of premier office and commercial space in the United Kingdom. Additionally, Tishman has provided acquisition and management expertise for millions of square feet of prime real estate assets in Europe, including several Supermarket Centres in the Czech Republic for an International Supermarket Company. Its prestigious roster of clients and partners has included Metropolitan Life, New York Life, Teachers Insurance, Bank of America, Grosvenor International, Citibank, American Express, Fidelity Investments, Lend Lease, HVB Real Estate, and many others.

About GE Real Estate

GE Real Estate currently has over EUR 1 billion invested in Central and Eastern Europe. The Company has invested or developed in the retail, office, residential and logistics sectors in the Czech Republic, Poland, Slovakia, Bulgaria, Hungary and Romania. The Company made its first investment in Turkey in 2006.

GE Real Estate (www.gerealestate.com) is one of the world’s premier commercial real estate companies with more than US $87 billion in assets and a presence in 31 markets throughout North America, Europe, Asia, and Australia/New Zealand. GE Real Estate offers a comprehensive range of capital and investment solutions including equity capital for acquisition or development, as well as fixed and floating rate mortgages for new acquisitions or re-capitalizations of commercial real estate. With a 28% compound annual growth rate since 1993, GE Real Estate is one of the world's fastest growing and most profitable real estate enterprises. This extraordinary record of success grows out of a reputation for collaboration and partnership; a depth of knowledge and experience and a history of building relationships, finding opportunities and opening doors for more than 5,000 owners, builders, borrowers and brokers worldwide.

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