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Tishman International and GE Real Estate Presented Sofia Airport Center at the “Build in Green” 2011 Conference in Sofia, Bulgaria



March 09, 2011, 10:14 (PX Newswire)

(Sofia, Bulgaria – March 9, 2011) – Los Angeles-based Tishman International Companies, a leading international commercial real estate developer and GE Real Estate, figured prominently as sponsors at the Build in Green national conference on energy efficiency and sustainable building, held March 8 at the Inter Expo Center in Sofia.

Nikola Ignatoff, Property Manager of Tishman International’s Sofia Airport Center (SAC), gave a presentation entitled, “Green Building in Bulgaria: Challenges and Opportunities”. His presentation highlighted the importance of SAC and its pioneering of green design and building. SAC has developed the first commercial LEED-certified office building in Bulgaria.

Among Ignatoff’s conclusions were that the environmental and financial benefits of building sustainable projects to LEED certification standards include lower operating costs and increased asset value, due to the conservation of energy and water; the reduction of harmful emissions; and up to 70 percent reduction in solid waste.

“Through a strong commitment to environmental stewardship and social responsibility, Tishman International has pioneered sustainable development in the region,” said Alan D. Levy, Chairman of Tishman International. “Our company’s development of SAC and our participation in the Build in Green, 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.”

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.

SAC has approximately 165,000 square meters 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. An international hotel with dining, recreational, and conference facilities also are planned as part of the project.

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 Ђ1 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;


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