PR Newswire/Les Echos/

Paris, 12 May 2009, 6:30 p.m

Affine - Inauguration of the Molina logistics site in Saint Etienne

The Affine Group is inaugurating a new logistics platform in Saint-Etienne,
rented to Établissement de Diffusion, d'Impression et d'Archives du
Commissariat de l'Armée de Terre (EDIACAT), Locaposte and Arcole.

In November 2007, Affine acquired this 45,000 m2 logistics and office property
complex built in the late 1970s. Located in the business park of
Molina-la-Chazotte, the site, which was previously occupied by the Casino group
for a long period of time, had been vacant since December 2004.

Under the vigorous policy adopted by the city of Saint Etienne to revitalize
industrial sites, Affine, in partnership with Générale de Logistique, a
property developer, launched heavy renovation works on the site valued at 
EUR17 million.

The new spacious and functional premises are leased to three companies. La Poste
and Arcole received their premises at the end of 2008, while the French Army
documentation organisation, Établissement de Diffusion, d'Impression et
d'Archives du Commissariat de l'Armée de Terre (EDIACAT) came into possession
of its premises in early 2009.

EDIACAT occupies 32,000 m2 of the northern building, where the ground floor has
been completely converted to install EDIACAT's printing press. Storage
activities are located in the other levels of the building, representing 12
kilometres of shelves and 3,200 m3 of archives.

In connection with its overall plan to modernise mail processing, La Poste has a
surface area of 3,800 m2 for its new mail preparation and distribution platform.

Arcole, a signage equipment manufacturer, occupies 8,600 m2 of space split
between the main building and the "pagoda", a small standalone office building.

Affine was already present in Saint-Étienne with the acquisition, in 2006, of
the Dorian shopping centre located in the city centre. The shopping centre
covers 5,000 m2 of floor space spread on two levels and mostly occupied by the
FNAC and La Grande Récré, along with some ten or more other stores.

Acquisition date: November 2007
Length of works: 12 months
Delivery date: End of 2008
Surface area of the land: 10 hectares
Building: 44,600 m2
Investor: Affine Group
Main renovation works:
   · Revamping of all networks (water, gas, high and low voltage installations)
   · Creation of openings in the peripheral sidings and installation of
     automatic doors and glass structures
   · Revamping of the heating and hot water production and air-conditioning of
     offices
   · Creation of regulatory fire cut-off separations
   · Upgrading to meet smoke extraction standards
   · Refurbishment of offices and service lifts
   · Creation of roads and parking areas

About EDIACAT

The Etablissement de diffusion, d'impression et d'archives du commissariat de
l'armée de terre (Ediacat) employs 154 people in Saint-Etienne. Its tasks
include printing, and disseminating regulatory documentation, in addition to
managing and keeping the administrative and accounting archives of the French
army.

About the Affine Group:

The Affine group is structured around three property companies:

- Affine, a property company with French REIT (SIIC) status, which is listed on
  NYSE Euronext Paris, and which operates as an investor (offices, warehouses,
  stores) throughout France and in neighbouring countries. It is also a credit
  institution through its financial leasing business. The Affine share is 
  included in the SBF 250 (CAC Small 90), SIIC IEIF and EPRA indices.

- Banimmo, a Belgian property company listed on NYSE Euronext Brussels and
  Paris, is majority controlled by Affine (50%) and the company's management
  (27%). It is specifically involved in renovating and repositioning buildings 
  in Belgium, France and Luxembourg.

- AffiParis is a French REIT (SIIC) listed on NYSE Euronext Paris, and
  specialised in commercial property in Paris.

The group also has subsidiaries specialised in logistics engineering (Concerto
Développement and Concerto Développement Ibérica), retail investment
(Capucine Investissements), property development (Promaffine) and business
centres (BFI).

CONTACTS 

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

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

PRESS RELATIONS: 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

A French société anonyme with share capital of EUR47,800,000 -
4 square Edouard VII, 75009 PARIS
Tel: 01 44 90 43 00 - Fax: 01 44 90 48 00 - Email: info@affine.fr
                      
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