On the 26th of May 2010, the CNAC (Commission Nationale d’Aménagement Commercial) granted the retail permit for the "Village des Alpes©” project developed by MAB Development in joint venture with NEINVER.

The "Village des Alpes©”, future outlet centre for the Rhône-Alpes region located in the commune of Châtaillon-en-Michaille (Community of Communes of the Pays Bellegardien) in the Ain department, will dispose of 16,085 sq.m. of sales area and offer 90 national and international brand names in the field of personal goods, as well as an area dedicated to tourism, several restaurants and a car park for about 1,360 vehicles. The opening is planned in 2013.

This project will integrate harmoniously within the surrounding countryside thanks to its typical ’mountain architecture’ and its high-quality building materials: wood, stone and tiles. The environmental approach for this project should enable it to receive the certification mark “NF Tertiary Buildings – High Environmental Quality”.

The "Village des Alpes©" shall also stimulate existing local economical activity by strengthening the regional tourism which would generate 500 directly and indirectly jobs.

About MAB Development

MAB Development – part of Rabo Real Estate Group – is a leading and innovative European developer of commercial real estate. MAB Development has offices in the Netherlands, Germany and France and focuses on the development of mixed-use and retail projects. We are inspired by users and their desires. We collaborate with public and private parties to reach integrated solutions for city-centre projects that combine living, shopping, working, leisure and parking facilities. This requires, in particular, knowledge of the market and experience as a creative concept developer.

www.mab.com

About NEINVER

NEINVER, one of the leading European real estate companies, mainly focuses on development and on asset and fund management. NEINVER manages over 345,000 sq. m. of retail space located in six European countries, of which 223,000 sq. m. comprise outlet centres in 11 different schemes. The company manages more than 1,000 units and over 600 retail brands in outlet centres. This makes NEINVER the second largest outlet centre developer and operator in Europe today and the market leader in Spain, Germany and Poland.

www.neinver.com

Press contacts MAB Development: Agence Grayling France

Olivia Comelli - Tel: 00 33 1 55 30 70 81 - olivia.comelli@grayling.com

Karine Schneider - Tel: 00 33 1 55 30 70 84 - karine.schneider@grayling.com

Visual available on request