China Real Estate Opportunities

REO currently holds a 16.2% interest in China Real Estate Opportunities Ltd ("CREO").

CREO was listed on the AIM market in London on the 11th July 2007 under ticker symbol CREO, having successfully raised £259 million.

Harnessing the intimate local market knowledge and key relationships that Treasury Holdings has been able to develop through its presence in China since 2002, CREO's principal objective is to maximise capital growth from a portfolio of properties in China.

The initial focus will be on large scale development opportunities for income producing assets such as office, logistics and retail properties and high yielding sectors such as hotels and luxury residential and leisure resorts. The projects will all incorporate high quality design, specifications and finishes synonymous with Treasury Holdings.

Landsbanki Securities: Analyst's Report

"An Olympic Performance, NAV rises 17%
Enhanced asset valuations and currency appreciation drove NAV forward 17%
during H1 2008; a welcome change from most property companies’ results.
Landsbanki anticipates that asset and currency appreciation will enhance NAV
by a further 10% during H2 2008."

Click here to read the report as a PDF document