Real Estate Opportunities PLC (REO.LN), a real estate investment and development group active in the U.K. and Ireland said Tuesday it has successfully completed a rent review with its largest tenant by rent, Vodafone Group PLC (VOD.LN) at EUR7.2 million per annum, or 12% above previous passing rent.

MAIN FACTS:

-New rent is effective from October 2006.

-Vodafone lease in Central Park is Ireland's largest single let building at 263,000 square ft and expires in 2026.

-Two other rent reviews were also recently completed in Central Park with tenant Tullow Oil PLC (TLW.LN), achieving an average increase of 12.8% on passing rent.

 
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
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