AFFIPARIS : - 3Q09 - Sustained growth in Turnover

11/17/2009| 02:25am US/Eastern

Recommend:

0

PR Newswire/Les Echos/

Paris, 16 November 2009, 5:45 p.m.

             Quarterly information as at 30 September 2009

                      SUSTAINED GROWTH IN TURNOVER

1) CONSOLIDATED REVENUE (NINE MONTHS)

BREAKDOWN                      01/01/2009   01/01/2008   Change
(EUR millions)                     to           to         %
                               30/09/2009   30/09/2008

Investment properties             12.3         11.4       +7.1%

Total consolidated revenue        12.3         11.4       +7.1%

The revenue achieved by AffiParis in the first nine months of 2009 stood at
EUR12.3m, up by over 7% compared to the same period in 2008, during which only a
partial contribution had been recorded for certain recently-acquired buildings.
During the third quarter:

   · 3 new leases were signed representing total annual rent of EUR447,000,
     including the building located in Rue Chapon, Paris (France), relet since
     July.

   · 1 tenant terminated its lease representing total annual rent of EUR50,000.

2) SIGNIFICANT EVENTS

In July AffiParis sold a 2,600 m2 office building in Toulouse for EUR2.5m
excluding tax, in line with its fair value at the end of 2008, representing a
capital gain of EUR940,000 compared to the net book value.

3) FINANCIAL POSITION AS AT 30 SEPTEMBER 2009

There were no significant changes to the company's financial structure compared
to 30 June 2009.

4) OUTLOOK

The group will not make any new investments in Paris in 2009, but continues to
sell provincial buildings. Some of these sales may be completed at the end of
2009 or beginning of 2010.

5) SCHEDULE

9 March 2010: 2009 annual revenues and results

CONSOLIDATED REVENUE (THREE MONTHS)

BREAKDOWN                      01/07/2009   01/07/2008   Change
(EUR millions)                     to           to         %
                               30/09/2009   30/09/2008

Investment properties              4.4          3.9      +14.1%

Total consolidated revenue         4.4          3.9      +14.1%

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: Alain Chaussard
Tel. + 33 (0)1 44 90 43 10 - info@affiparis.fr

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

0