Nordic Land Limited
16 August 2007


16 August 2007


Nordic Land makes an acquisition in Greater Stockholm, Sweden


Nordic Land Limited announces today that it has exchanged contracts to purchase
a retail block in Greater Stockholm for SEK 60.8 million (around £4.4 million),
to reflect an initial gross yield of 6%.


The property is located in the Sickla shopping quarter of the Nacka area of
Stockholm.


The Nacka area is considered to be one of the most affluent regions in Sweden,
featuring high per-capita income and strong population growth.


The Sickla shopping quarter is the main retail location for the Nacka community
and is believed to generate some of the highest sales per square metre in
Sweden.


The location is experiencing improvements to local infrastructure, with a new
road connection planned and new retail developments and car parking facilities
having recently been completed.


The property comprises some 3,532 sq m of retail, storage and office
accommodation and is let predominately to national, multiple retailers. It is
considered to offer valuable asset-management opportunities.


The Manager of Nordic Land is Lathe Investments (Nordic) LLP. Colliers Stockholm
advised Nordic Land.


Following this acquisition Nordic Land's property portfolio now stands at some
£55 million, including its major Terminalen scheme in Helsingborg.

Enquiries:

Ian Knight, Nordic Land Limited +44 (0)1 892 752005

John Mackay, SP Angel Corporate Finance LLP +44 (0)207 647 9650

Simon Rothschild/Oliver Winters, Bankside Limited +44 (0) 207 367 8888




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