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.
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