FOR IMMEDIATE RELEASE

BOSTON, October 11, 2007 -- Pembroke Real Estate today announced the appointment of Andrew Dankwerth to Vice President of Capital Projects.

In this newly created role, Dankwerth is responsible for overseeing major capital projects across Pembroke’s portfolio throughout the United States, Europe and Japan. He will also manage the physical due diligence process for acquisitions. Pembroke currently manages more than 3.0 million square feet of commercial and residential space worldwide, including signature properties in Boston, Brussels, London, Paris, San Francisco, Tokyo and Washington, D.C. Dankwerth will report to Edward C. Johnson IV, senior vice president of Pembroke Real Estate.

"As Pembroke continues its aggressive global expansion, we must ensure that we continue adhering to the standards and processes in place that result in successful acquisitions and projects," said Johnson. "Andy’s proven experience in design and construction not only will help ensure Pembroke’s high standards are met, but that we are investing in projects that create long-term value for both Pembroke and the respective communities."

Prior to his new role, Dankwerth was development director at Pembroke. In this role, Dankwerth was fundamental in managing all aspects of the firm’s Ygnacio Center office/retail development in Walnut Creek, California in addition to overseeing numerous design and development projects for Pembroke and Fidelity including Boston’s Seaport Hotel, the retail spaces for World Trade Center East and West towers as well as a number of Fidelity’s campuses worldwide.

Dankwerth joined Pembroke at its inception in 1997, following four years at Fidelity Corporate Real Estate. A registered architect with 17 years experience spanning the commercial, educational, and institutional markets, Dankwerth began his professional career with Massachusetts-based Drummey Rosane Anderson, Inc.

Dankwerth currently serves as Vice President of the National Association of Industrial & Office Properties’ (NAIOP) Education Committee. In 2006, he was Vice President of NAIOP’s Program Committee.

Pembroke Real Estate is the exclusive real estate investment and development advisor for the ownership of Fidelity Investments, one of the world’s largest financial services organizations. Pembroke and its affiliates specialize in the acquisition, design, development and management of signature properties in major metropolitan areas worldwide. The firm currently manages more than 3 million square feet of commercial and residential space in Boston, Brussels, London, Paris, San Francisco, Tokyo and Washington, D.C. Pembroke seeks high-quality, high-profile, well-located acquisition and development opportunities in the office, residential and multi-use sectors. For more information, visit the company’s Web site at www.pembrokere.com.