Leasing agreement with Village Roadshow for part of the leisure and retail centre at Delta Falirou.

BVIC Group is pleased to announce that it has signed a leasing agreement with Village Roadshow, the leading Australian international media and entertainment company, for part of the leisure and retail centre it is developing at Delta Falirou.

The total development covers a land area of 9,734 sqm, with a final total lettable area of 13,600 sqm and 1,000 parking spaces. Village Roadshow will occupy 6,150 sqm on three levels of the buildings. Village Roadshow has signed a twelve-year lease with BVIC and the centre will open in mid 2006. BVIC will keep the property under its ownership, confirming our commitment to grow our net asset value per share.

Aris Vovos, CEO of BVIC said:

'We are very pleased to have reached a final agreement with Village Roadshow for the next 12 years at least. This letting establishes a strong relationship with Village Roadshow, a leading international media and entertainment company. Having Village Roadshow as the main tenant should ensure the success of the whole of the complex, rendering the property a prime asset. BVIC continues implementing its growth strategy of growing our net asset value per share while upholding the principles of corporate governance and corporate responsibility.'


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