Orco Property Group : Orco Property Group : Joint venture between Orco Property Group and Unibail-Rodamco

    Orco Property Group : Orco Property Group : Joint venture between Orco
                      Property Group and Unibail-Rodamco

                                                                 Press Release

Paris, Prague 14 May 2013


                             Orco Property Group
        Joint venture between Orco Property Group and Unibail-Rodamco

Orco Property Group ('Orco') has closed its joint venture with Unibail-Rodamco
aimed at  developing a  prime  shopping center  in  the Bubny  area,  downtown 
Prague.

On 30 April 2013, Orco has sold a plot of 3.6 hectares to the joint venture it
has constituted with Unibail Rodamco.  The parties will focus on  implementing 
the development of the anchor shopping center  in the Bubny area with the  aim 
being to start construction in 2016.

"Following the January 2013  vote of the Prague  City Assembly to restart  the 
Bubny  masterplan   change  procedure,   closing   the  joint   venture   with 
Unibail-Rodamco is  another piece  of good  news for  the development  of  the 
entire Bubny area.  Orco Property Group  is proud to  cooperate in this  joint 
venture  with  Europe's  leading   retail  developer  and  operator."   stated 
Jean-François Ott, President and CEO of Orco Property Group.

For more information, please visit www.orcogroup.com

OPG: Joint venture between OPG and Unibail-Rodamco

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Source: Orco Property Group via Thomson Reuters ONE
HUG#1701723