OFFICIIS PROPERTIES 
By Media Release
Paris, 18 July 2012
Consolidated sales for the first quarter 2012/2013 Financial Year
#ftn1 for the first quarter of its 2012/2013 Financial Year (from 01.04.12 to 30.06.12) reached as expected ?5.1m.
The financial information contained in this press release is unaudited and has not yet been communicated to the Board of Directors.
Sales by quarter
| In million of euros | 2012/2013 | 2011/2012 | Var (%) |
| First quarter (01.04 - 30.06) | 5.1 | 6.2 | -17.7% |
| Three-months total | 5.1 | 6.2 | -17.7% |
First quarter consolidated sales (?5.1m) breakdown is as follows:
Rental income amounted to ?2.7m and were down 51.8% compared to the same period of the Financial Year 2011/2012. This is due to the ongoing renovation projects of Imagine and NEWTIME buildings;
Service charges invoiced to the tenants amounted to ?2.4m (?0.6m for the first quarter of Financial Year 2011/2012). The increase of invoiced service charges accounted for in the profit and loss statement is the consequence of the internalisation of Paris area investment properties' property management. Under this new organisation, invoices that were previously directly booked in the balance sheet of the Company, are now booked in its profit and loss.
The occupancy rate of the operating investment properties stood at 86.5% compared to 31 March 2012.
"1st quarter activity is fully in line with announcements made during the annual results presentation and shareholders general meeting. Without any surprise, the Group is carrying on the restructuration of the Île de la Jatte buildings. NEWTIME's restructuration is well on track with the structure work already on its way. The Group expects similar quarters for the remaining of the 2012/2013 Financial Year, with a gradual improvement following new tenants arrivals in buildings Imagine in Paris and Le Danica in Lyon." commented Pierre Essig, CEO of Züblin Immobilière France.
For more information
Eric Berlizon, CFO, Züblin Immobilière France
20-26, boulevard du Parc, 92200 Neuilly-sur-Seine
Tel. +33 (0)1 40 82 72 40, info:
mailto:info@zueblin.fr@zueblin.fr:
mailto:info@zueblin.fr
More information can be found on our website www.zueblin.fr:
http://www.zueblin.fr/
Jérôme Goaer, Publicis Consultants, Financial communication
Tél. 33 (0)1 44 82 46 24, Email : jerome.goaer@consultants.publicis.fr:
mailto:jerome.goaer@consultants.publicis.fr
A brief outline of Züblin Immobilière France
Züblin Immobilière France is a listed property company, which has elected for REIT status (SIIC status). The company invests in office properties, and its real estate in France consists of 8 office buildings in Paris area, Lyon and Marseille.
Shares of Züblin Immobilière France trade on compartment C of Euronext Paris market of Nyse Euronext - ISIN: FR0010298901
This press release is not intended as an offer or a solicitation to buy Züblin Immobilière France shares in the United States of America nor any other country where such an offer would be in breach of applicable laws and regulations. Züblin Immobilière France shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended. Züblin Immobilière France does not intend to register Züblin Immobilière France shares under the US Securities Act of 1933 or to offer these shares for sale in the United States of America.
The shares are only available and may only be offered to or issued to those relevant persons who are legally authorised, and any offer, solicitation or agreement in view of a purchase of existing shares or an application for new shares can only be carried out with those who are legally entitled to do so.
Other persons should not act or rely on this press release. This document or any other document related to the company should only be distributed in accordance with the conditions above.
This document does not constitute an offer to sell or the solicitation of an offer to invest.
Distribution of this press statement in some countries can be a violation of applicable legislation.
This press release is not for publication or distribution in the United States, the United Kingdom, Canada, Italy, Australia or Japan.
[1]:
#body_ftn1 Consolidated sales encompass gross rental income as stated in IFRS financial statements + service charges invoiced to the tenants as stated in the statutory accounts of the Züblin Group's legal entities
http://hugin.info/154739/R/1627754/521018.pdf
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(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Züblin Immobilière France via Thomson Reuters ONE
