TCN 100% owner of Brandboxx Salzburg and Brandboxx Hannover

As of June 27, 2011 TCN obtained ownership of the

remaining shares in Brandboxx Salzburg and Brandboxx Hannover from former equity partner CVI. TCN already was part owner of these 40,000 m2 (Salzburg) and 20,000 m2 (Hannover) trade marts in sports, fashion, and shoes. Brandboxx Salzburg is the largest and leading purchasing and information center for dealers in Austria and offers permanent showrooms to about 400 brands including Nike, Adidas, ‘S Oliver, Geox, Gerry Weber, Betty Barclay, Converse, Asics, and Puma. The center also has a 6,000 m2 Events & Exhibition center that annually hosts a lot of trade shows, events and consumer oriented fairs.

Brandboxx Hannover has positioned itself during the past several years as the leading purchasing center for shoe dealers in North Germany. A wide range of fashion and sports dealers are also available. Main tenants are Geox, Ecco, Street One, Jack Wolfskin, and Asics.

The acquisitions completely match TCNs ambition to build an international network of trade marts. TCN currently already leads three Brandboxx trade marts in The Netherlands. TCN is also managing and/or leasing partner of Barcelona Moda Centre, MGC Wien and Dusseldorf Fashion House. Currently the network has a total of 250,000 m2 with more than 1,000 lease agreements with fashion, sports, shoe and furnishings dealers. All centers are united through their cooperation with TCN, a real estate developer with years of experience in developing and managing trade marts.

For more information about The Brandboxx Network please visit www.brandboxx.eu. For more information about TCN visit www.tcnpp.com.