NEINVER Starts the Extension of FACTORY Warszawa Ursus

PRESS RELEASE

Warsaw, March 20, 2014

NEINVER starts the extension of FACTORY Warszawa Ursus

The first outlet centre in Poland - FACTORY Warszawa Ursus - will gain another 6,000 m2 of retail space. In modern interiors, 30 additional shops of popular brands will be opened - all offering their products at prices always 30% to 70% lower than regular. The extension coincides with the modernisation of road infrastructure around the facility. A larger car park will also be constructed.

FACTORY Ursus has been invariably popular among the shoppers in the last 12 years, since its opening in 2002. It was the first outlet centre in Poland and the first investment of NEINVER on the Polish market. We would like to maintain the leading position of the facility on the market, by taking the advantage also of the changes in road infrastructure in Ursus District - says Agnieszka Brzezińska, Country Manager at NEINVER Polska. New brands, which provide an even more attractive offer for the customers, modern and original interiors and an improved access - this is the upgraded image of the new FACTORY - she adds.

The extension of FACTORY Warszawa Ursus will start at the beginning of April this year. The opening of the new, extended centre is planned for September 2015. Direct connection of ul. Nowolazurowa with Aleje Jerozolimskie already allows for an easy and direct access from the centre of Warsaw and from neighbouring towns. The completion of another stage of infrastructure modification - connection of ul. Nowolazurowa with ul. Połczyńska will facilitate the access to FACTORY even more.

An underground car park will get another 250 parking spaces and the total number of available parking spaces will reach 1,000. The number of shops will grow from the current 80 to 110.

The extension will be associated with a thorough refurbishment of the existing structure and the construction of new space. FACTORY will be redesigned, the elevation will be changed and additional lighting will be installed.

FACTORY Warszawa Ursus was opened for the first customers in December 2002 as the first outlet centre in Poland. For the last 10 years, it has been the most popular outlet centre in Poland, hosting the shops of the brands favoured by the Polish customers, but also the ones from the upper middle sector, such as: Liu Jo, Guess, Adidas, Puma, Nike, Tommy Hilfiger, Tom Tailor, Lacoste, Triumph, Reserved, Levi’s, Diverse, Vero Moda, House or Calvin Klein Underwear.

FACTORY Warszawa Ursus is located in the south-western part of Warsaw. The shoppers may access the facility from the city centre and from the
neighbouring towns not only by car, but also by public transport - buses and suburban trains.

Last year, FACTORY outlet centres in Poland were visited by 11.8 million customers.

NEINVER is the second largest outlet centre operator in Europe (Poland, Spain, Portugal, France, Germany, Italy) and the leader in this sector in Poland (5 centres: Warszawa Ursus, Warszawa Annopol, Wrocław, Poznań, Kraków).

FACTORY Outlets in Poland each year attract almost 12 million customers and the number of shoppers is constantly growing - by 10% each year. The total area of almost 84,000 m2 of retail space hosts 550 shops of the most popular Polish and international brands.

About NEINVER Polska

NEINVER is one of the leading companies on the European real estate market. The company is an investor, developer and property manager. NEINVER currently operates in six countries: Spain, Germany, Italy, Poland, France and Portugal.

Under the FACTORY brand, NEINVER introduced the concept of outlet centres to Poland and Spain and for many years has been the leader on those two markets. The company is the second largest operator of outlet centres in Europe. NEINVER efficiently combines their own concept of outlet centres with traditional shopping centres.

NEINVER manages the „IRUS European Retail Property Fund”, which is one of the largest private Paneuropean funds on the real estate market.

NEINVER operates in Poland since 2000. The company has already constructed 250,000 sq m of commercial, office and public space - the recently opened Galeria Katowicka, Galeria Malta in Poznań, Futura Park in Kraków, Factory Ursus and Annopol in Warsaw.

In 2002, NEINVER opened their first outlet centre in Poland - FACTORY Warszawa Ursus. In 2007, Galeria Malta was constructed - the largest commercial and entertainment centre in Western Poland. NEINVER was awarded the “Construction of the Year” title for executing the shopping centre in Poznań.

In 2008, NEINVER completed the FUTURA Park, according to their own concept, combining an outlet centre
with a retail park in Wrocław. When NEINVER was opening the FUTURA Park Kraków in 2011, they managed to successfully combine two sales concepts under one roof. FUTURA Park Kraków is the first commercial complex in Poland with BREEAM certificate, confirming that the building meets the highest ecological standards.

In 2013, NEINVER commissioned the second in the capital city and the largest in the Masovian region outlet centre - FACTORY Warszawa Annopol, which was granted the BREEAM certificate already at the design stage.

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