REO Real Estate

TIDMREO

RNS Number : 6894E

Real Estate Opportunities PLC

11 April 2011

11 April 2011

Real Estate Opportunities plc (the "Company", "REO")

REO completes sale of Montevetro building to Google for EUR99.9m

Further to its announcement on 17 February 2011, Real Estate Opportunities plc, the real estate investment and development group active in Ireland and the UK, is pleased to announce that it has completed the sale of Montevetro, Dublin's tallest commercial office building, to Google for EUR99.9million, to be satisfied in cash.

Discussions between the Company's investment adviser, Treasury Holdings, and Google began in early 2010 about Google taking a lease of the building, but developed into discussions for an outright sale late last year.

REO's development of the landmark 15-storey building, which commenced in March 2008 and completed in January 2011, comprises 210,000 sqft of prime office space in Grand Canal Dock, Dublin 2. The three basement levels provide 80 car parking spaces and extensive additional bicycle and motor cycle spaces. The building, which reaches 67 metres, offers easy access to St Stephen's Green, Baggot Street, the IFSC and Spencer Dock. It also offers unrivalled connectivity to national infrastructure with an integrated DART line which connects with Connolly Station.

For further information, please contact:

Real Estate Opportunities plc

Ray Horney, Chairman

Tel: + 44 (0)1273 775 225

Matrix Corporate Capital

Paul Fincham

Tel +44 (0)20 3206 7000

Goodbody Stockbrokers

Linda Hickey, Corporate Broking

Tel +353 1 641 6017

Finsbury

Gordon Simpson / Arif Shah

Tel: +44 (0)207 251 3801

Murray Consultants

Ed Micheau

Tel: + 353 1 498 0300

This information is provided by RNS

The company news service from the London Stock Exchange

END

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