Radisson Blu Hotel at East Midlands Airport Achieves the Highest Ever BREEAM Score for a Hotel

Most Energy Efficient Hotel in the UK

LONDON, September 16, 2010 - The GBP22 million Radisson Blu Hotel being built by MAG
Developments, the largest British owned air operator, in partnership with the
specialist hotel investment firm Azure Property Group, scheduled to open in
summer 2011, has been awarded one of the highest ever BREEAM marks, the
leading and most widely used method to assess a building's environmental
performance.

The hotel has been awarded a score of 76.17% - well above the
BREEAM Excellent benchmark of 70%. The hotel is also compliant with proposed
changes to the current part L Building Regulations, which focus on improving
buildings' energy efficiency.

The hotel will utilise a range of low energy technologies to
reduce the energy demand of the building; supplemented by an on-site combined
heat and power (CHP) engine with a pure plant oil (PPO) tri-generation energy
centre; that will export electricity to the national grid outside of normal
occupancy hours. This innovative system will deliver a 87% reduction in CO2
and supply up to 90% of the consumed energy from a renewable source.

The build also incorporates a number of sustainable
construction techniques to deliver a BREEAM Excellent facility, including a
sustainable surface water drainage system that utilises techniques, such as
porous paving in the car park, attenuation tanks and a rainwater harvesting
system and interior and exterior motion sensitive lighting to further reduce
electricity consumption.

MAG Developments is the property and development arm of the
largest UK-owned airport operator, Manchester Airports Group (MAG).

The Azure Property Group is a privately held group of
companies established in 2004 to undertake hotel real estate transactions and
has since expanded to include hotel operations and asset management services.
Azure has completed transactions throughout Europe and has also developed a
hotel operations capability which enables it to add further value to real
estate investments.

Niels Nielsen, Director of the Azure Property Group,
commented:

"We are very proud to be associated with a project that
delivers the UK's most energy efficient hotel. Thanks to the advanced
technology and techniques we adopted we have been able to build a hotel that
hopefully will be a building that will set an example for hotel operators to
follow."

For further information please contact: Richard Evans/Charlotte Pusey, The Communication Group plc, Tel: +44(0)207-630-1411.