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STOCKHOLM, July 9, 2008 -- Pembroke Real Estate today announced it has acquired a 190,000 square meter portfolio of twelve office/retail buildings located in main business districts of Stockholm, Oslo and Helsinki. The primary tenant is Nordea Bank. These acquisitions are Pembroke’s first in the Nordic region.

The properties in Stockholm, Sweden, comprising approximately 90,000 square meters, are located near Kungstradgarden and Sergels Torg within the prime office and retail areas of Stockholm’s Central Business District (CBD). The properties in Oslo, Norway, comprising 40,000 square meters, are located in Oslo’s Majorstuen district. The properties in Helsinki, Finland total 60,000 square meters and are located in Helsinki’s Vallila district.

“The Nordic economies have outperformed the European average over the last several years, and the performance of these capital cities have been important drivers of their growth,” said Johannes Haug, Pembroke senior vice president and managing director for Europe. “Over the long-term, we believe globally-competitive industries in these countries will provide opportunity for sustained growth in these real estate markets.”

Pembroke and its affiliates continue to expand their global portfolio. In addition to this portfolio acquisition, Pembroke has acquired eight properties during the past 18 months, including:

• Washington, DC -- 1000 and 1010 Vermont Avenue in March 2008
• Paris -- 46 Avenue Kléber in October 2007 and 61 Rue Monceau in September 2007
• Tokyo -- Moto Azabu 3 Chome Apartment Redevelopment Site in November 2006, Moto Azabu Grand Mansion in September 2007 and a prime commercial land parcel in Roppongi 7 Chome in July 2007

The portfolio’s concentration in the Stockholm CBD was cited as a key factor in the acquisition. “With attractive demographics and a high concentration of knowledge-based industries such as information technology, biotechnology and financial services, the Stockholm region has the potential to achieve long-term economic growth,” said Haug. “Combined with a naturally supply-constrained CBD and a transparent investment market, acquisitions in Stockholm provide us with a compelling opportunity to add geographic and economic diversification to our global portfolio.”

The properties are owned by FIL Limited. Pembroke Real Estate acted as advisor in the transaction and was assisted by Ernst & Young and Katten Muchin Rosenman LLP.

Pembroke Real Estate is the real estate investment and development advisor for Fidelity Investments (FMR LLC) and FIL Limited. Investing these organizations’ private capital into superior, long-term opportunities, Pembroke and its affiliates acquire, design, develop and manage signature properties in major metropolitan areas worldwide. Pembroke currently manages more than 5 million square feet (500,000 square meters) of commercial and residential space in London, Tokyo, Paris, Stockholm, Brussels, Boston and Washington, D.C. Pembroke seeks high-quality, well-located acquisition and development opportunities in the office, residential and multi-use sectors. For more information, visit the company’s Web site at www.pembrokere.com.