Paris, June 20, 2012
ANF Immobilier opens exclusive negotiations with Foncière des Murs and La Française REM related to the sale of a portfolio of hotels under the B&B brand.
Foncière des Murs, a subsidiary of Foncière des Régions, and
La Française REM have signed an agreement with ANF Immobilier
to enter exclusive negotiations related to the possible
acquisition of 160 hotels managed by B&B. Foncière des Murs
and La Française REM will, in time, form a 50/50 partnership
to handle this real estate investment.
The sale would be part of ANF's review of its strategic
options and would provide a potential opportunity to sell the
portfolio to high-quality investors who would continue to
manage and develop the hotels in close cooperation with B&B
as their operating partner. Depending upon due diligence, the
transaction could be completed, in line with appraised values
as of 31 December 2011, before the end of the year.
ANF Immobilier: Jean-Annet de Saint Rapt
Tel: +33 (0)1 44 15 01 11 - investorrelations@anf-immobilier.com
ANF Immobilier owns and manages a real estate portfolio worth €1.7 billion, with city center properties located in Lyon and Marseille and 168 hotel properties in France, all operated by the B&B chain. It is a leading real estate investment company operating under the SIIC regime, specializing in the residential and commercial segments. ANF Immobilier is listed on Euronext Paris Eurolist B, and is part of the Eurazeo Group.
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