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AFFINE : A busy 2009 last quarter

01/15/2010 | 03:10am US/Eastern
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PR Newswire/Les Echos/

Paris, 14 January 2010, 6:30 p.m.

                         A busy 2009 last quarter

The last few months of 2009 were exceptionally busy for the Affine Group, which
placed leases totalling over 41,750 sqm during the fourth quarter. Notably,
30,000 sqm of warehouse space (75% of the total site) was re-let in Saint Cyr en
Val (France, department 45) under a 6-year fixed lease to two new tenants,
specialized in logistics.

The Group's investment and arbitrage businesses also remained very strong:
Banimmo acquired the Marché Saint-Germain shopping centre in Paris for
EUR29.6m, and Affine acquired the "Les 7 Collines" shopping centre in Nîmes for
EUR36.3m.

Finally, a dynamic disposal policy continued, with the Group significantly
exceeding its objective for the year. During the quarter, 6 buildings that had
reached maturity in the portfolios of Affine and AffiParis were sold for a total
of EUR26m. These sales involved office buildings located in Avignon, Bailly,
Nantes, Sèvres, Paris and Sophia Antipolis. In addition to the sale of the
Sirius Building at the beginning of October, Banimmo completed EUR20m of
disposals at the end of the year.

For 2009 overall, almost EUR164m of building sales were completed, of which
EUR120m were carried out by Banimmo in Belgium.

About the Affine Group:

The Affine Group is structured around three property companies:

- Affine, a property company with French REIT (SIIC) status listed on NYSE
  Euronext Paris, operates as an investor (offices, warehouses, stores) 
  throughout France. It is also a credit institution in respect of its 
  lease-finance business. The Affine share is included in the SBF 250 (CAC 
  Small 90), SIIC IEIF and EPRA index. At 30 June 2009, its market 
  capitalisation represents EUR102 million and its rental properties are 
  estimated at EUR624 million transfer taxes included.

- Banimmo, a Belgian property company listed on NYSE Euronext Brussels and
  Paris, is owned by Affine (50%) and the company's management (28.4%). It is
  mainly dedicated to renovating and repositioning buildings in Belgium, France
  and Luxembourg. At 30 June 2009, its market capitalisation amounted to around
  EUR142 million and its assets are estimated at EUR302 million transfer taxes
  included.

- AffiParis, a French REIT (SIIC) listed on NYSE Euronext Paris, is specialised
  in commercial property within Paris. At 30 June 2009, Its market 
  capitalisation amounted to EUR22 million and the value of its assets stands 
  at EUR221 million transfer taxes included.

The Group also have some subsidiaries among which Concerto Développement,
specialised in logistics engineering.

CONTACTS 

CITIGATE DEWE ROGERSON: Nicolas Castex - Agnès Villeret
Tel. + 33 (0)1 53 32 78 88/95 - nicolas.castex@citigate.fr or
agnes.villeret@citigate.fr

AFFINE: Maryse Aulagnon - Alain Chaussard
Tel. + 33 (0)1 44 90 43 10 - info@affine.fr

Frank Lutz - Manager, Financial Communication & Investor Relations
Tel. + 33 (0)1 44 90 43 53 - frank.lutz@affine.fr 

A French société anonyme with share capital of 47,800,000 Euros - Head office:
4 square Edouard VII, 75009 PARIS
Tel: + 33 (0)1 44 90 43 00 - Fax: + 33 (0)1 44 90 01 48 - Email: info@affine.fr
   712 048 735 RCS Paris - N° TVA intracommunautaire FR92712048735
                      
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