Anglo Irish Bank Acquires and Provides Financing for Prominent $43 Million Boston Retail Property.

BOSTON -- Anglo Irish Bank has provided financing for the acquisition of a $42,625,000 prominent high-end urban retail asset situated in one of the country's most exclusive shopping and entertainment districts at 201 Newbury Street in Boston. The Bank sourced, acquired and financed the property on behalf of its international private clients.

Originally built in 1875 as a school house, the property was completely restructured and redeveloped in 1986 to accommodate street level retail tenants and residential condominiums. The 24,993 square feet of retail space is more than 91% leased to specialty apparel stores including Gap, American Eagle Outfitters, Betsy Johnson and Adriano Goldschmied.

"We're pleased to be working with these long-standing clients of the Bank," said Tony Campbell, president and chief executive officer of Anglo Irish Bank Group - North America. "We have worked with them on a number of similar high profile transactions, and they have an outstanding track record with us. This well-located, trophy asset will make this long-term investment a very strong addition to their globally diversified portfolio."

Anglo Irish Bank is Ireland's third largest bank and the fourth largest company listed on the Irish Stock Exchange. The Bank operates in three core areas - business lending, treasury and wealth management. The Bank's long established reputation is built on successful long-term relationships, service quality and certainty of deal execution, a business model which has been the foundation for their sustained market leading performance.

In North America, the group has representative offices in Boston, New York and Chicago offering a variety of financing options in the acquisition, construction or refinancing of all types of commercial real estate.

For more information about Anglo Irish Bank, visit the company's Web site at www.angloirishbank.com.

Property photo available upon request.