CLSA Capital Partners and CB Richard Ellis Create a New Commercial and Lifestyle Landmark in Taipei

PRLog (Press Release) – Taiwan June 24, 2007 -- CLSA Capital Partners and CB Richard Ellis jointly announced the official unveiling of a premium commercial complex in the Neihu Technology Park Asia Plaza. Worth NT$7.06 billion, Asia Plaza is CLSA’s first property investment in Taiwan. It is not only the largest property development project in the Neihu Technology Park, but also the biggest foreign investment in Taiwan’s property market so far. Positioned as the headquarters for flagship enterprises, Asia Plaza was created specifically for technology companies. Its prime location, large floor plates, world-class construction and management, as well as its unique lifestyle features will certainly meet the needs of companies seeking sites for their global operational headquarters. Construction of Asia Plaza is scheduled to be completed in mid-2007, and it will become a new landmark in Neihu Technology Park and the business districts of Greater Taipei.

Located in the centre of Neihu Technology Park, on the intersection of Jiuzhong Road, Yangguang Street and Ruihu Street, Asia Plaza is a commercial complex that consists of three towers and a large open square occupying a total of 149,189 sq. ft. Situated on a stretch of prime real estate along the banks of the Keelung River, the development commands an excellent view of the river and Taipei, and has good transportation links with business districts in downtown Taipei and northern Taiwan.

Working with a team of renowned architects, design firms, and management companies from around the world, Asia Plaza has been designed to meet the needs of the most demanding tenants. Unlike the cold and sterile atmosphere of other office buildings, Asia Plaza has been created with a grand display of lifestyle features, including a 21,528 sq. ft. expansive courtyard with lush landscaping and a space of 71,042 sq. ft. for restaurants and al fresco caf?s. Asia Plaza is an environment created for people to enjoy their work and leisure.

John Pattar, Managing Director of CLSA Capital Partners & Property Fund says, "We are optimistic about the outlook for the commercial property market in Taiwan, especially the Greater Taipei market is lack of large-floorplate, A-grade office space with professional property management capabilities and people-oriented features. This is why we have such a great confidence in Asia Plaza. CLSA Capital Partners has a wealth of experience in investing in the Asia-Pacific property market. In addition to investing in the project, we are committed to introducing a construction and property management model that meets international standards. This will not only provide a premium office environment for businesses, but also create new momentum for developing Taiwan’s commercial property market."

Hong W. Van, Managing Director of CB Richard Ellis Taiwan, points out, "The keys to success in commercial office buildings’ development are location, building quality, tenant mix, and property management. Based on our research, Taiwan’s traditional model for property development and management is unable to satisfy consumers’ need for A-Grade commercial leasing. As a result, world-class development, planning and management are the only way to create the greatest value, and Asia Plaza is a testament to this new model. CB Richard Ellis and CLSA have always had strong cooperative ties in Asia’s commercial property market, and with the launch of Asia Plaza, we hope to extend the coverage of A-grade commercial property in the Greater Taipei area and create a new landmark for work and living."