Teesland Plc
05 September 2006


5 September 2006

            Teesland appoint new Managing Director for central Europe

Teesland iOG, the UK and European property fund and asset management group,
announces today that it has appointed Matthew Bann, former Director of Asset
Management at Aerium Properties, as Managing Director for the central Europe
region.

Matthew will be responsible for expanding the Teesland iOG Central European
business, with the particular focus initially on the Central European Industrial
Fund.

Matthew has extensive experience in both the UK and European property market,
including specific expertise in acquisitions, disposals, financing and asset
management. Most recently, he has been responsible for setting up and
running successful asset management teams. In 2005, Matthew joined Aerium
Properties, which specialises in central European property, as Director of Asset
Management, with responsibilities for strategic asset management and investor
reporting for Aerium's managed funds, which have a total value in excess of    
Euro3 billion.

Prior to joining Aerium Properties, Matthew headed the Asset Management team for
Hatfield Philips International, the largest loan servicer in Europe, where he
was responsible for running a team of asset managers and analysts, acting as
prime servicer of the investment bank's #5 billion pan European property
portfolio.

Matthew also brings to Teesland, Allan Knapp from Aerium Properties, who will be
responsible for coordination of acquisition and portfolio management.

Commenting on the appointment, David Seddon, CIO Europe - Teesland iOG, said:
"As Managing Director for central Europe Matt will be responsible for
strengthening our existing management platform in Warsaw and Budapest. In the
region we currently have acquired and managed for the Central European
Industrial Fund circa Euro150m of industrial assets, with an onward programme for
acquisition to achieve the Euro500m target for the fund within the next 2 years".

For further information:

David Seddon, Teesland iOG:                                +44 (0) 20 7659 6707
Jeremy Carey/Richard Sunderland, Tavistock Communications: +44 (0) 20 7920 3150

About Teesland
Teesland plc is a leading independent pan-European property fund and asset
manager which specialises in the creation of indirect property vehicles and the
provision of specialist property asset management skills. Through the
acquisition of Property Fund Management plc (operating as the iO Group) in
October 2004, for a total consideration of #34.47 million, Teesland became the
European leader in the industrial sector and obtained a European network of
offices (London, Edinburgh, Leeds, Birmingham, Paris, Amsterdam, Copenhagen,
Warsaw and Berlin). This network provides the platform for Teesland to expand
into other property sectors and create further European property funds.

Teesland has some #2.6 billion under management in 13 funds across the
residential, university housing, mixed commercial, retail and industrial/
business sectors. It is listed on the London Stock Exchange and is capitalised
about #115 million.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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