Anglo Irish Bank and Golub & Company Joint Venture Complete Acquisition of 625 N. Michigan Avenue in Chicago.

CHICAGO -- Anglo Irish Bank has provided $92,943,000 in acquisition financing to a joint venture between a syndicate of Irish-based private clients of the Bank's Wealth Management Division and Golub & Company to purchase Chicago's 625 North Michigan Avenue, a Class A office tower with ground-floor retail space. The announcement was made jointly by Tony Campbell, president and chief executive officer of Anglo Irish Bank Group - North America, and Michael Newman, president and chief executive officer of Golub & Company.

Golub & Company and Irish investors purchased the property from BPG Properties, Ltd. and Jones Lang LaSalle represented the seller and brokered the transaction. The building was developed in 1970 by Golub & Company's predecessor firm, which was co-founded by Eugene Golub, chairman of Golub & Company. Golub & Company has held an ownership position in and managed the building since its completion. The building also serves as the company's corporate headquarters.

Located in the center of Chicago's internationally renowned "Magnificent Mile," the 27-story, 338,269-square-foot tower is 94 percent leased and houses 50 office and retail tenants. Retail tenants include top brand names such as Coach and Johnston & Murphy. Office tenants include Solomon Cordell Buenz & Assoc. architects, Keane Consulting, and advertising and marketing firms GSD&M and Schlesinger & Assoc.

"Golub & Company is a longstanding client of the bank and is a very strong local partner for us in Chicago, which also gives great comfort to our overseas private clients," said Campbell. "We're confident this asset will be a solid, long-term investment and provide overseas diversification for our Irish-based private client's portfolio."

Newman noted the inherent quality of 625 North Michigan Avenue. "Anglo Irish Bank is an excellent partner and astute investor," he said. "We both recognize that this building has always been a great performer and will continue to improve along with the exciting and dynamic North Michigan Avenue market." Four years ago Golub & Company renovated the building's lobby, reconfigured the retail space and was successful in attracting image-conscious tenants seeking space on the Magnificent Mile.

"It's rare when a Michigan Avenue office building of this caliber comes to market," said Bruce Miller, managing director for Jones Lang LaSalle. "We expected interest from a full cross-section of buyers, including private equities, pension funds, REITS, investment funds and overseas investors, and that's just what happened."

About Anglo Irish Bank

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.

About Golub & Company

Chicago-based Golub & Company and its affiliates are active internationally in real estate development, acquisitions, asset and property management, leasing and corporate real estate services. Overall, since its founding more than 45 years ago, the company has owned, leased or managed more than 30 million square feet of commercial and multifamily real estate properties. For more information, please visit www.golubandcompany.com.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL), the only real estate money management and services firm named to Forbes magazine's Platinum 400, has more than 125 offices worldwide and operates in more than 450 cities in over 50 countries. With 2005 revenue of approximately $1.4 billion, the company provides comprehensive integrated real estate and investment management expertise on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle is an industry leader in property and corporate facility management services, with a portfolio of 966 million square feet worldwide. In 2005, the firm completed capital markets sales and acquisitions, debt financings, and equity placements on assets and portfolios valued at $43 billion. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse real estate money management firms, with $39.5 billion of assets under management. For further information, please visit www.joneslanglasalle.com.