News

January 31, 2008

Intercontinental Real Estate Corp. acquired Northpoint Centre in Austin, Texas for an undisclosed price.

Boston Business Journal

The acquisition of Northpoint Centre was made on behalf of Intercontinental's U.S. Real Estate Investment Fund LLC and is the 12th acquisition in that fund. Northpoint Centre consists of two Class A office buildings totaling 151,000 square feet. The
buildings are situated on approximately 9.5 acres and include 568 parking spaces. The property is currently 92 percent leased to a wide variety of well established tenants including financial, legal, service, and technology companies.

Intercontinental Real Estate Corporation is an SEC registered investment adviser and real estate operating company based in Boston, Mass. Intercontinental has developed, managed and owned over $4 billion in real property assets across all property types. Intercontinental currently owns and manages a portfolio in excess of $2 billion.