LAS VEGAS, Sept. 10 /PRNewswire-FirstCall/ -- Papa Bello Enterprises, Inc. (Pink Sheets: PAPA - News) is pleased to announce that the company has successfully established a leasing opportunity with CapitaRetail, one of the largest retail mall developers in the Peoples Republic of China. Papa Bello is scheduled to begin construction plans on its initial corporate store in Guangzhou, China beginning the first quarter of 2009. The agreement comes after several visits over the past six months to China by Papa Bello CEO Chase Canfield, 31, who says, "This relationship with CapitaRetail will quickly increase Papa Bello's brand awareness and recognition as we enter the rapidly growing and emerging franchise market in China. Additionally, the immediate and future available locations enable us to efficiently manage all aspects relating to real estate logistics."
CapitaRetail has expressed the intent to have Papa Bello be present in a number of its existing and future mall locations throughout China. CapitaRetail's Leasing Director Ricky Peng states, "We are anxious to begin our relationship with Papa Bello, their experience working within major retail chains such as Wal-Mart will benefit both our companies."
About CapitaRetail
CapitaLand Retail is the retail property business unit of the CapitaLand Group, which is one of the largest listed real estate companies in Asia, based on market capitalization. With a portfolio of over 92 retail malls in Singapore, China, India, Japan and Malaysia comprising a total of over 42 million square feet of net rentable area, it is one of the largest owners/managers of retail malls in Asia.
In Singapore, CapitaLand Retail is the largest retail owner/manager with 16 retail malls, comprising a total of over 5.3 million square feet of net rentable space, in the suburban and central areas. This includes the retail malls owned by private retail property fund, CapitaRetail Singapore Limited and Singapore's first and largest Real Estate Investment Trust (REIT) by asset size and market capitalization, CapitaMall Trust (CMT). As of 24 January 2006, CMT has an asset size of approximately $3.6 billion USD and a market capitalization of approximately $3.7 billion USD.
Whether in Singapore or abroad, CapitaLand Retail's vision is to move beyond developing mere functional property space, but to create living, vibrant and integrated communities for shoppers and tenants. CapitaLand Retail seeks to maximize value and returns for real estate asset owners and investors.
http://www.capitalandretail.com
About CapitaLand
CapitaLand is the largest real estate company in Southeast Asia by market capitalization. Headquartered in Singapore, the multinational company's core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific, Europe and the Gulf Cooperation Council (GCC) countries.
The company's real estate and hospitality portfolio spans more than 110 cities in over 20 countries. CapitaLand leverages on its deep real estate domain knowledge, significant asset base, financial skills and extensive regional network to develop real estate financial products and services in Singapore and the region.
The listed subsidiaries and associates of CapitaLand include:
Australand - listed on both the stock exchanges in Singapore and
Australia
CapitaMall Trust - Singapore's first Real Estate Investment Trust (REIT)
CapitaCommercial Trust - Singapore's first commercial REIT
Ascott Residence Trust - Singapore's first pan-Asian serviced residence
REIT
CapitaRetail China Trust - Singapore's first pure-play China retail REIT
http://www.capitaland.com/en/
About Papa Bello Enterprises
Founded in 2005, Papa Bello Enterprises is a Las Vegas, NV based corporation that owns, operates, and franchises Italian style eateries in the United States. The company currently has 17 stores in operation and has a master lease agreement with Wal-Mart. The company was founded on the principles of providing the consumer with the highest standards of quality, value, and service. For more information on Papa Bello Enterprises or franchise information, please visit http://www.papabellopizza.com.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will," and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.
