NEW SHOPPING CENTRE TO OPEN IN SARAJEVO

SARAJEVO, Bosnia (October 16,2008) - A new international-style shopping centre will open in the Bosnian capital Sarajevo next September.Alta Shopping Centre will be a modern retail complex in the capital and will be located in the heart of the city's Central Business District.

Alta Shopping Centre will have a total built-up area of 23,000 square metres and a gross leaseable area of 11,900 square metres.

It will also enjoy high visibility and excellent access from all parts of the city. It will present the people of Sarajevo with a whole new shopping experience with its major international brands, its luxurious interior design, its exclusive boutiques and its exceptional restaurants and cafes.

The developer is Triland Development, a renowned group of companies which owns, develops, and manages real estate assets including office, residential and retail properties in Bosnia.

Triland is affiliated with Crow Holdings, an active investor in industrial, office, retail, mart, land, hotel and residential real estate businesses in the United States, Europe and South America.

Tie Sosnowski, Director of Triland Development, said, "Triland's goal is to provide a new shopping experience for the citizens of Sarajevo which will have a positive impact on the exciting growth of the city centre.

"Alta Shopping Centre represents a significant milestone in the development of Sarajevo and will provide attractive new venues for all the community to enjoy," he added.

Colliers International, the global property consultant, is the exclusive agent for the project. Colliers has handled some of the biggest retail projects in the region, including the first international shopping malls in Croatia (GTC's Avenue Mall in the Croatian capital Zagreb).

"I am delighted that we will have the opportunity to bring to Sarajevo the same superb international brands that we have brought to other capitals in the region. This is a landmark project which will make a long-lasting contribution to the life of the city," Philip Bay, Regional Director of Colliers International Southeast Europe, said.
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