Asia Pacific’s leading luxury hotel group, Shangri-La Hotels and Resorts
today signed a 30-year lease agreement for the Shangri-La Hotel at London
Bridge Tower.  This marks the first European hotel for Shangri-La, which
opens late 2009, and is the first new-build five-star hotel in the Central
London area in over a decade.Designed by internationally acclaimed architect, Renzo Piano, the iconic
London Bridge Tower is situated on the South Bank of the Thames River
diagonally opposite the Tower of London.  It is projected to be the
tallest building in Europe at 310 metres (1,016 ft.) high and a landmark
synonymous with London itself.  Sellar Property Group, acting on behalf
of Teighmore Limited,  obtained planning consent for the development of
London Bridge Tower in November 2003.

  The deluxe,  195-room Shangri-La,  accessed by a dedicated entrance at
street level, will occupy floors 34 to 52 (18 floors total) of the “Shard
of Glass,”  as London Bridge Tower has become known.  The 70-storey
building   will   include   shops,  offices,  restaurants,  residential
accommodation and public viewing galleries offering sweeping views of the
capital.

  With the City of London minutes away and Canary Wharf easily accessible, the location is ideal for the business traveller. It also will be a
convenient base for leisure travellers to explore London, situated close to key tourist attractions such as the Tower of London, St. Paul’s
Cathedral, the London Eye and Shakespeare’s Globe Theatre.  London Bridge
Tower will have direct access to a key transport hub housing extensive
mainline railway, bus and underground stations.

  “The Shangri-La Hotel at London Bridge Tower will be a dramatic introduction of our signature Asian hospitality and style to Europe,”
said Giovanni Angelini,  CEO and managing director of Shangri-La Hotels
and Resorts.  “International guests already familiar with Shangri-La
touches,  such as sparkling chandeliers and a sweeping lobby, will also enjoy panoramic views of London from all vantage points.  But most
striking will be the authentic and gracious Asian style of service, the
hallmark of our 46 hotels and resorts, which will position this new
property at the forefront of the world’s finest hotels.”

  “We are absolutely delighted and honoured that Shangri-La has chosen
London Bridge Tower as the location for its first European hotel, following an exhaustive decade-long search by the group,” said Irvine
Sellar, chairman, Sellar Property Group.

  “We believe Shangri-La’s deserved reputation as Asia’s finest hotel
company will only enhance London Bridge Tower’s image as Europe’s finest
mixed-use building.  With the hotel becoming the building’s anchor tenant,  major international companies will find it hard to resist London
Bridge Tower as the answer to their corporate occupancy needs.”

  Guests will enter a double height lobby with uninterrupted London views.
The 170 deluxe guestrooms,  averaging more than 42 sq. metres (452 sq.
ft.),  will be amongst the largest in London, introducing a new standard
of “suite-style”  accommodation to the city.  Additionally, 25 suites,
including two specialty suites and a presidential suite, will offer
glass-enclosed “winter-garden” balconies.

  A wide array of guestroom features and services will include the
“Shangri-La Bed,”  made exclusively for the hotel group,  featuring
patented body-contouring technology;  designer LCD television and hi-fi
equipment;  a comprehensive range of business and communication features,
and more.

Food and beverage outlets will include a specialty restaurant, lobby
lounge and bar, and “food theatre” café with a choice of multiple cooking
stations, combining international cuisine with a dash of drama.

  The hotel will be home to Europe’s first CHI spa, Shangri-La’s signature
brand.  CHI combines Chinese and Himalayan healing therapies, the latter inspired by the mysticism of the Shangri-La legend, captured in James
Hilton’s famous Lost Horizon novel.  CHI’s spacious private spa suites
will be among the largest in the city, offering a “spa within a spa”
atmosphere.

  Fitness and recreational facilities will include an indoor infinity swimming pool and fully-  equipped fitness centre, both with panoramic views of the London skyline, as well as whirlpool, steam and sauna.

  Meeting space will include function rooms with seating capacity for 400.
The Business Centre will offer a range of secretarial support services
from translation to business card printing, as well as board rooms, PCs
and other office equipment.

  In addition to access to the highest public viewing gallery in Central
London at 226 metres (735 feet) above street level, guests at Shangri-La
Hotel at London Bridge Tower will be able to take advantage of the
development’s exhibition spaces,  auditorium, learning centre, gardens,
piazzas and an array of other services and amenities.

  It is anticipated that the hotel will create up to 220 new jobs for the hospitality sector,  providing the benefits of Shangri-La training and international career advancement opportunities with an award-winning
hotel group.

  Italian-born architect Renzo Piano is recognised for major projects such
as the Potsdamer Platz reconstruction, Berlin; the Kansai International
Airport,  Osaka;  and the Centre Georges Pompidou, Paris.  Two of his
current projects include the New York Times Headquarters building and Art Institute of Chicago expansion.  Renzo Piano Building Workshop has
offices in Genoa and Paris.
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