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Westcore's Airport Development Partners Strengthens European Board

SAN DIEGO and LAUSANNE,Switzerland, Sept. 5 /PRNewswire/ -- Westcore Properties announced today that its European affiliate Airport Development Partners SA (ADP), has appointed Dr. Hans-Peter Kohlhammer and Jan Danielsson to its Advisory Board. Westcore allocated $100 million to create ADP in May 2008 to focus on the acquisition, operation and development of regional airports inEurope.

Commenting on the board appointments, company chairman Marc Brutten said, "With decades of top-level air transport and airport sector experience, Hans-Peter and Jan count among the most experienced and reputed personalities in European civil aviation. We are honored to have them on board."

Prior to founding his own consulting business focused on corporate turnaround strategies, Dr. Hans-Peter Kohlhammer was CEO and Director General of SITA S.C., the world's leading provider of network and communication solutions to the air transport industry. His other positions have included CEO of Grundig AG and Thyssen Telecom AG. He is chairman of the supervisory board of Regify AG, deputy chairman of the board of Vivanco AG and a member of the board of directors of VimpelCom (Russia).

Jan Danielsson is a former director of Goteborg-Landvetter airport, Sweden's second-largest airport, a position he held for 12 years. In a long career devoted to civil air transport he has also worked for the Swedish Government (Ministry of Transport) and for the Swedish Civil Aviation Administration (LFV) as Director Administrative Affairs, Director International Relations and Director General. LFV operated at the time 19 civil airports, overseeing 90% of all commercial air traffic inSweden. He has been active within the European airport system as a member of the Board of ACI Europe and generally within ACI with special focus on regional airports. In 2001, he was appointed to representSweden and the four other Nordic countries for three years on the Council of the International Civil Aviation Organization (ICAO).

About Airport Development Partners SA

Airport Development Partners SA provides funding and expertise to develop regional airports acrossEurope. The company works in partnership with governments and dedicated teams of specialists to develop an airport's growth potential and the breadth and quality of its services, enabling it to function as a powerful catalyst for economic development. ADP uses the funding model best suited to meet the current owners' privatization objectives, be it based on a public-private partnership, an operating concession or an airport sale. Airport Development Partners has its main office in Lausanne,Switzerland, and a project office inPoland.

About Westcore Properties, LLC

Westcore Properties, LLC, is a private, entrepreneurial commercial real estate investment firm with institutional scale and capabilities that focuses on investing in markets within the westernUnited States. Formed in 2000, the company and its principals have invested in more than $2.2 billion in properties totaling in excess of 10 million square feet. Westcore has a staff of experienced real estate professionals with a variety of specializations, who seek and acquire real estate investments that represent stabilized or value-added opportunities, and aggressively manage and/or reposition them to function more successfully in their environment. Westcore is headquartered in San Diego with regional offices inLos Angeles,Sausalito, andDenver and a European office in Lausanne,Switzerland.

     FOR INFORMATION:  Marc R. Brutten, Chairman
                       (858) 625-4100
                       Dan Peoples
                       (858) 552-1456
                       http://www.westcore.net

SOURCE Westcore Properties, LLC

Tags: ,RLT,TRA,AIR,PER,CA-Westcore's-Airport

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