AFFINE RE Paris, 23 October 2015, 06:00 p.m.
Aviva Investors Real Estate France buys a second logistics platform near Troyes from Affine
Acting on behalf of Aviva Group entities, Aviva Investors Real Estate France has bought a second logistics platform from Affine, located in the Aube logistics park at Buchères, near Troyes (10). The platform is entirely let on a long- term lease to SOLODI (Société Logistique de Distribution), a subsidiary of Devanlay, the global license holder for Lacoste brand garments and leather goods. It was built by Concerto European Developer, which was a subsidiary of Affine until December 2014.
The platform was delivered in April 2014 and occupies 18,770 sqm, with the potential to expand to 24,770 sqm. The building, comprising a retailing centre of around 17,540 sqm, exclusively manages the logistic flows of returned items, suspended activities and point of sale (POS) advertising.
In this transaction, BNP Paribas Real Estate, JLL and Haussmann Notaires acted as advisors to the seller. Arthur Lloyd Asset Management, Lauzarque and Uguen/Vidalenc et Associés advised the buyer.
ABOUTAFFINEGROUP
Affine is a real estate company specialised in commercial property. At the end of June 2015, it directly owned 55 buildings with a total value of €570m (excluding taxes) at the end of June 2015, for a total floor area of 528,500 sqm. The firm owns office properties (53%), retail properties (22%) and warehouses and industrial premises (25%). Its activity is distributed more or less equally between Ile-de France and the other French regions.
Affine is also the major shareholder (49.5%) of Banimmo, a Belgian property repositioning company with operations in Belgium and France. At the end of June 2015, Banimmo had total assets of 21 office and commercial buildings, with a value of €384m (including transfer taxes).
Total Group assets are €988m (including transfer taxes).
In 2003, Affine opted for French real estate investment trust (SIIC) status. The Affine share is listed on NYSE Euronext Paris (Ticker: IML FP/BTTP.PA; ISIN code: FR0000036105) and admitted to the deferred settlement system (long only). It is included in the CAC Mid&Small, SIIC IEIF and EPRA indexes. Banimmo is also listed on NYSE Euronext.
To find out more: www.affine.fr. Follow our news thread on: https://twitter.com/Groupe_Affine
CONTACT
INVESTORRELATIONS
Frank Lutz
+33 (0)1 44 90 43 53 - frank.lutz@affine.fr
PRESSRELATIONS
RPpublics - Alexandra Richert
+33 (0)1 45 23 55 01 - alexandra.richert@rppublics.com
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