Paul Hastings Advises Macquarie Global Property Advisors on property portfolio purchase from Sony for over €100m

April 27, 2006

Paul Hastings Advises Macquarie Global Property Advisors on property portfolio purchase from Sony for over €100m

London, April 27, 2006 -- Paul, Hastings, Janofsky & Walker (Europe) LLP (“Paul Hastings”), a leading international law firm, has advised Macquarie Global Property Advisors on the acquisition of a portfolio of seven properties from Sony by means of sale and leaseback arrangements. The total value of this transaction is over €100m.

The portfolio comprises offices and logistics properties spread across Europe, including sites in UK, Italy, the Netherlands, Belgium, Switzerland and Germany. The properties have been bought on behalf of Macquarie's European property fund, MPG Europe II and represents their first deal in Europe in the last 3 years. 65% of the properties will be leased back to Sony.

The deal was led by Paul Hastings London based partners: Mark Eagan and Emma Bucknall.

Paul, Hastings, Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,000 attorneys in 17 offices. The firm serves a diverse client base including many of the top financial institutions and Fortune 500 companies, supports clients in all of their legal needs and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.

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