Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Affine R.E.    IML   FR0000036105

Delayed Quote. Delayed  - 03/23 05:35:09 pm
15.46 EUR   +0.52%
03/03 AFFINE R E : Full-year 2016 results - Analysts presentation
03/03 AFFINE R E : FY16 - 2016 full-year results
02/28AFFINE RE SA : annual earnings release
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

AFFINE : A busy 2009 last quarter

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/15/2010 | 09:10am CET
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
                      
The content and accuracy of news releases published on this site and/or 
distributed by PR Newswire or its partners are the sole responsibility of the 
originating company or organisation. Whilst every effort is made to ensure the 
accuracy of our services, such releases are not actively monitored or reviewed 
by PR Newswire or its partners and under no circumstances shall PR Newswire or 
its partners be liable for any loss or damage resulting from the use of such 
information. All information should be checked prior to publication.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AFFINE R.E.
03/03 AFFINE R E : FY16 - 2016 full-year results
03/03 AFFINE R E : Full-year 2016 results - Analysts presentation
02/28AFFINE RE SA : annual earnings release
02/21 AFFINE R E : Kibori, Affine's new high environmental performance building in Nan..
01/10 AFFINE R E : Annual report on liquidity contract (December 2016)
2016 AFFINE : a new governance to support its strategy
2016 AFFINE R E : has acquired an office building in Meudon from Bouygues Immobilier
2016 AFFINE R E : 3Q16 - Continued growth in rental income
2016 AFFINE R E : signs a 12-year lease agreement with Starbucks for its Quai des Mar..
2016 AFFINE R E : Fashion, Beauty, Design… Quai des Marques Bordeaux carries o..
More news
Sector news : Commercial REITs - NEC
07:48aDJSears Creates Stir As It Casts Doubt About Its Future -- WSJ
03/10 SEGRO : buys remaining stake in Airport Property Partnership JV for 365 million ..
03/10DJSEGRO : Buys Remaining of Properties at Heathrow Airport; Raises Money
03/01DJMall REITs Shrug Off Department Store Closures
03/01DJC C LAND : China's CC Land pays $1.42 billion for London's 'Cheesegrater' -- 2nd..
More sector news : Commercial REITs - NEC