RNS Number:8313G 
Eurocastle Investment Limited 
24 December 2004 
 
 
 
          EUROCASTLE INVESTMENT LIMITED 
 
                                                           FOR IMMEDIATE RELEASE 
 
Contact: 
Lilly Donohue                Markus Goegele            Robert Kauffman 
Fortress Investment Group    Citigate Demuth           Fortress Investment Group 
Tel +1-212-798-6118          Tel +49-69-170071-22      Tel+44-207-2905608 
 
 
        Eurocastle Announces Real Estate Transaction with Deutsche Bank 
 
 
London. 24 December 2004 - Eurocastle Investment Limited (LSE: ECT), an 
investment company managed by Fortress Investment Group LLC, today announced the 
acquisition of a portfolio of 109 properties from Deutsche Bank AG for 
approximately Euro 300 million. The properties predominately consist of office 
buildings and are largely occupied by Deutsche Bank. The bank will continue to 
occupy most of their current space on a medium to long-term basis. 
 
The properties, totaling 300,000 square meters of leasable space, are located in 
90 cities and towns throughout Germany.  The assets are generally in city center 
pedestrian areas and we believe that each of the properties is among the 
best-located and highest quality assets in their respective markets. 
 
Wesley R. Edens, Eurocastle's Chief Executive Officer, commented "We are excited 
to complete this sale leaseback transaction with Deutsche Bank, one of the 
leading financial service companies in the world. This investment opportunity 
allows us to fully deploy the capital we raised in our IPO and generate 
attractive risk adjusted returns for our shareholders." 
 
Mr. Edens added, "This is a long-term investment for Eurocastle and reflects our 
interest in Germany as well as other opportunities in Western Europe to acquire 
real estate leased to high credit tenants." 
 
Eurocastle Investment Limited is a publicly traded investment company listed on 
the London Stock Exchange that invests in and manages a diverse portfolio 
consisting primarily of European real estate related asset-backed securities and 
other European real estate related assets.  Eurocastle is managed by Fortress 
Investment Group LLC. 
 
Fortress Investment Group LLC is a global alternative investment and asset 
management firm founded in 1998 with over $11 billion in equity capital 
currently under management. Fortress invests capital on behalf of major US and 
European pension funds, institutional investors and high net worth individuals. 
The firm is headquartered in New York, and has affiliates with offices in 
London, Frankfurt, Rome and Geneva. 
 
 
                      This information is provided by RNS 
            The company news service from the London Stock Exchange 
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