The Wilder Companies and O’Connor Capital Partners Acquire Retail Portfolio from The Flatley Company

Anglo Irish Bank Provides Financing

BOSTON - May 4, 2007 - The Wilder Companies, the national retail real estate development company, announced today that, along with joint venture partner, O’Connor Capital Partners, it is acquiring The Flatley Company’s portfolio of 10 shopping centers. Anglo Irish Bank has provided acquisition financing. Cushman & Wakefield of Massachusetts represented The Flatley Company in the transaction

The 10 retail properties in the portfolio consist of 2.3 million square feet and include dominant regional centers, lifestyle centers and grocery-anchored shopping centers throughout Massachusetts and New Hampshire. The portfolio boasts an average occupancy level of 98% and is anchored by some of the top retail tenants in the market.

The seven existing retail centers recently have been redeveloped, renovated or expanded. The existing retail assets include Dedham Mall, Medfield Shops, Village Shoppes (Canton), Falmouth Mall and Southwind Plaza (Hyannis) in Massachusetts, and Royal Ridge Center (Nashua) and Belknap Mall (Belmont) in New Hampshire. Three New Hampshire properties currently under construction, Portsmouth Circle, Rochester Shoppes and Rochester Shoppes East are substantially pre-leased and should be completed this year.

“These are well located, thriving assets. The centers are well maintained, nicely updated and well merchandised. Tom Flatley and his team have done an excellent job building one of the most desirable retail portfolios in New England,” said David J. Mallen, a Wilder Companies principal.

William O’Connor, an O’Connor Capital Partners principal said, “This was a complex deal structure with many moving parts. The combination of an excellent portfolio of shopping centers, our ongoing relationship with The Wilder Companies and Anglo Irish Bank’s commitment to expediting the process has made this a seamless acquisition,”

“ We’re delighted to work with O’Connor Capital again and their partner in this transaction, The Wilder Companies,” said Tony Campbell, president and chief executive officer of Anglo Irish Bank Group - North America. “It is very difficult to create or replicate a portfolio of this nature in this region. For these reasons and given the strength and experience of the sponsorship, this investment will no doubt prove to be very successful for our clients.”

About The Wilder Companies

Based in Boston, MA, The Wilder Companies specialize in the development and positioning of retail properties. The company, owned and managed by principals Andrew T. LaGrega, David J. Mallen and Thomas V. Wilder, has been merchandising specialty centers, urban-street retail, mixed-use properties and regional malls for over 30 years. The current portfolio consists of over 35 owned and managed properties nationwide with an additional four million square feet under development. For additional information, visit the company’s web site at www.wilderco.com.

About O’Connor Capital Partners

O’Connor Capital Partners is a privately held, independent real estate investment firm focused on principal investing through private equity funds. O’Connor concentrates its efforts on making direct investments in high-quality assets in major metropolitan markets in North America. Over the past 20 years, the firm has acquired or developed more than $10 billion of property on behalf of itself and various investment funds, institutional clients, and its own account, encompassing all major property types. The firm is headquartered in New York with regional offices in Los Angeles and Mexico City. For additional information, visit the company’s Web site at www.oconnorcp.com.

About Anglo Irish Bank

Anglo Irish Bank is Ireland’s third largest bank and the fourth largest company listed on the Irish Stock Exchange. The Bank operates in three core areas - business lending, treasury and wealth management. The Bank’s long established reputation is built on successful long-term relationships, service quality and certainty of deal execution, a business model which has been the foundation for their sustained market leading performance.

In North America, the group has representative offices in Boston, New York and Chicago offering a variety of financing options in the acquisition, construction or refinancing of all types of commercial real estate.

For more information about Anglo Irish Bank, visit the company’s Web site at www.angloirishbank.com.

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