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News Release

Moscow

AURA shopping center welcomes anchors


Moscow, 21 April 2010 – Yesterday, on the 20th of April, a presentation of the shopping and entertainment center AURA (Novosibirsk) took place in Moscow. It was organized by Renaissance Development, Amstar Global and Jones Lang LaSalle at the Hilton Moscow Leningradskaya hotel.
AURA shopping center will be anchored by a rapidly developing St. Pete hypermarket chain O’KEY (7,500 sq m), White & Brown Hypermarket (6,500 sq m) and a 9-screen Cinema (4,500 sq m).

The fashion gallery will house approximately 200 shops of well-known Russian and international retailers. Besides, customers will enjoy a big entertainment playground area and 8 concepts food-court  and  three restaurants on the 4th floor.

AURA is a new retail scheme to appear in Novosibirsk in March 2011. It is superbly located in the central part of the city in the intersection of Voennaya and Kamenskaya roads with 2 metro stations in close vicinity. Leasable area of the center is 62,000 sq m on 4 levels with a 2-level underground parking for 1,800 cars in addition, which is a very important feature for a northern city.

The presentation was attended by more than 150 retailers, press and representatives of the participants of the Project. Olga Starichenko, Associate Director within the Retail department of Jones Lang LaSalle presented the current project status and its leasing dynamics.

Elhan Kerimli, Managing Director Renaissance Development, commented: “We have been very pleased with the strong interest expressed in this project, especially when considering the economic conditions during the past year.  This reflects the quality of our project’s construction, design and tenant mix, as well as the positive market fundamentals in Novosibirsk.”

Maxim Karbasnikoff, European Director, Russia & CIS, Head of Retail Department Jones Lang LaSalle, said: “We are confident that due to such advantages as the prime location in the very heart of Novosibirsk, professional tenant mix, unique architectural design and high quality of interior materials, the AURA shopping center will become an all-time meeting and shopping point for families and friends”.


About Renaissance Development
Renaissance is one of the leading general contractors and commercial real estate development groups in Russia, Turkey, Ukraine and Libya, and is expanding into Turkmenistan and the Gulf countries.  During its 15 years of operations, Renaissance has completed more than 420 projects valued at over $5.0 billion.  Currently, the group has over 15,000 employees working at 32 different locations.  Engineering News Record ranked Renaissance 3rd in ”Retail”, 18th in “General Building” and 85th “Top International Contractor” in the world in December 2009.

About Amstar
Amstar is a global real estate private equity firm of over 70 professionals with experience in all aspects of real estate investment, development and management. With over $2.5 billion in assets under management, Amstar’s current portfolio consists primarily of office, hospitality, retail and multifamily holdings within the major markets of the United States and select markets in Eastern Europe and Latin America.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specialising in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 130 million square metres worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $40 billion of assets under management.
In Russia and CIS Jones Lang LaSalle have offices in Moscow, St. Petersburg, Kiev and Almaty. Jones Lang LaSalle, Russia was voted Consultant of the Year in 2004, 2006, 2007, 2008 and 2009 at the Commercial Real Estate Awards, Moscow and Consultant of the Year at the Commercial Real Estate Awards 2009, St. Petersburg. For further information, please visit our Web site http://www.joneslanglasalle.ru