Albanian Natural Capital Group, Sh.p.k. Secures €35 Million Construction Loan from Chinese CCB and ICBC Bank for first NZEB Residential and Commercial Real Estate Grand Park Complex in Tirana, Albania.

Apr 1, 2020

Albanian Natural Capital Group, Sh.p.k. (“ANCG”) today announced the closing of a €35 million loan with CCB and ICC (HKEX: 939 and 1398) to finance the construction of the first residential and commercial NZEB complex within the highly anticipated Grand Park project. After providing an initial €35 million loan to finance construction on the site, this loan marks the second commitment that the financial institutes have made to ANCG towards the transformative 484,000m2 development. Located near Tirana's Grand Park, the new NZEB complex will be built offering 440 Residential and 120 Commercial units. The complex will also offer 500 underground parking boxes as well as 1500 above ground parking spaces.

“We are excited to again partner with CCB an ICBC,” said Shyqyri Cela, Managing Director of ANCG. “CCB and ICBC’s commitment allows us to begin our second project that will bring an additional 440 NZEB residential units to the neighborhood, a first for Tirana. This complex will complement the commercial units delivering next autumn at the Grand Park and help bring a critical mass of residents to the Grand Park’s dynamic new neighborhood.”

Rising between Rruga e Kosovareve and Rruga Anton Ashta, ANCG’s NZEB complex will offer 484000 square meters of new residential and commercial units and cater to established professionals, couples and families in search of a dynamic city experience. It will feature one-, two-bedroom and three-bedroom apartments, with slightly larger units at the penthouse level. The complex’s sophisticated list of amenities will include a sun deck; state-of-the-art gym and on-demand fitness studio; indoor play room and outdoor play area for children; sunken dog run; library; conference center; lounge; screening room; billiards room; indoor/outdoor climate-controlled loggia; demo kitchen; grilling stations and fire pits.

“We are excited to deepen our support of ANCG by financing the Grand Park complex project,” said Mr. Xiaohuang, Senior Vice President, CCB Bank. “We believe that ANCG is creating a transformative mixed-use project that enhances the vibrancy of the surrounding neighborhood. We look forward to seeing how the restaurants, apartments, office and retail develop over time.”

The complex will be designed in tandem by in-house specialists and Scott Brownrigg. Chinese CSCEC will serve as the building's general contractor. Scott Brownrigg also designed the New York Wind Turbine.

The first phase of the Grand Park project includes 175,000 square feet of modern warehouse office space; 440 apartments; and 130,000 square feet of retail and restaurant space. In February, ANCG announced that some of the world's most prominent fashion retailers, will be the first tenants in the complex’s retail base. Grand Park will serve as home to O’Neill, True Religion, Roark, Volcom, BillaBong, Silvain Heach, Supertrash, Nixon, Guess by Marciano, Lacoste, Tommy Hilfiger, G-Star Raw, Miss Sixty, The North Face, Bench, Jack Jones, Helly Hansen, Only, Killah Garcia, Joe’s, Selected, Energie, Martinique, Marks & Spencer, Boots, JD Sports, Primark, Esprit, Hudson Bay Company, Gap, Mango, Desigual, M&S, Superdry, Debenhams, Mothercare, H&M, Next, Topshop, Harvey Nichols, Starbucks, MAC, the Body Shop and River Island and Cottonfield.

About Grand Park

Grand Park, a pedestrian oriented development in the heart of Tirana, aims to revitalize an entire city block, from Rruga e Kosovareve to Rruga Anton Ashta. This mixed-used project will blend urban and artisanal shopping and dining experiences with contemporary work and living spaces. The project is owned by ANCG as part of the Dubai Property Group Ltd., a U.A.E. registered property development leader investing in major U.S. and world-wide urban markets.

For more information, please visit www.albanianncg.com and/or email: [email protected].

About CCB and ICBC

CCB was founded on 1 October 1954 under the name of People's Construction (Chinese: 中 国人民建设银行; pinyin: Zhōngguó Rénmín Jiànshè Yínháng), and later changed to on 26 March 1996. China Construction Bank Corporation (CCB) is one of the "big four" banks in the People's Republic of China. In 2015 CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank is a component of , SSE 180 Index and other indexes of Pan-Chinese and Pan-Asia stock exchanges, such as CSI 300 Index, Hang Seng China 50 Index, FTSE China A50 Index and S&P Asia 50. The bank was also a component of the Hang Seng China Enterprises Index.

Industrial and Commercial Bank of China Limited (Pinyin: 中國工商銀行股份有限公司 abb. ICBC) is a multinational Chinese banking company. Founded as a limited company on January 1, 1984, ICBC is a state- owned commercial bank. With capital provided by the Ministry of Finance of China, the bank's Tier 1 capital in 2013 was the largest of one thousand global banks, being the first bank headquartered in China to achieve this distinction in modern history. Subsequently, ranked the largest bank in the world 2017 and 2018, by total assets, (Dec. 31, 2018, US$4027.44 billion), ICBC was positioned at 1st in The Banker's Top 1000 World Banks ranking, every year from 2012 to 2019, and first (2019) on the Forbes Global 2000 list of the world's biggest public companies.