ZURICH, Switzerland, July 23, 2008 /PRNewswire via COMTEX News Network/ -- AFIAA, a Zurich-based
foundation investing in international real estate, has added another US asset
to its global portfolio with the acquisition of the Wells Fargo Tower in
Austin, Texas on July 8.

The Wells Fargo Tower has 280,000 sf of rentable office area on seventeen
floors. A landmark of central Austin, the building is 96 percent leased, with
a tenant roster that includes prominent corporations and distinguished law
firms. The building's location at the north end of the CBD, close to the
University of Texas at Austin campus, creates significant potential for asset
appreciation. Proximity to the state capitol makes the tower an ideal base
for doing business with government agencies. Tenants enjoy a garage with 750
parking spaces, a gym, a restaurant and conference facilities.

Terms of the transaction were not disclosed.

To view a profile of the Wells Fargo Tower, visit
www.afiaa.com/wells_fargo/.

To obtain more information about AFIAA's investment program, visit
www.afiaa.com.

About AFIAA

AFIAA Foundation for International Real Estate Investments, based in
Zurich, is an investment foundation governed by Swiss law that focuses on
foreign real estate. AFIAA offers tax-exempt Swiss pension funds an
attractive investment instrument with a clear profile, enabling them to
supplement their portfolio strategically.

AFIAA is present in Zurich, Munich, Vienna, Madrid, New York and Toronto,
and engages primarily in direct investments in selected locations. Its
portfolio encompasses 26 direct investments having sustained growth potential
in the USA, Canada, Germany, France, Austria and Spain, with an overall
investment value of about CHF 760 million. AFIAA also holds investments in
three funds.

SOURCE AFIAA

http://www.afiaa.com/wells_fargo

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