Today, Züblin Immobilière France announced its consolidated salesfor the first half of the 2012/2013 financial year (04/01/2012 to 09/30/2012). As expected, sales came to €8.5 million.
The financial information presented in this press release is unaudited and has not yet been presented to the Board of Directors.
Pierre Essig, CEO of Züblin Immobilière France, declared that "The Group's H1 activity reflects the decision made by Züblin Immobilière France to perform "Green" high-end renovation of 50% of its real estate portfolio. This initiative will have a significant impact on sales in the coming 2012 and 2013 quarters. In the long term, the Group thus expects to generate higher values for its shareholders and greater attractiveness for its current and potential tenants. For the portion of its portfolio in operation, the Group's efforts over this period are focused on maximizing occupancy rates and maintaining its tenants on the sites. For the portion of its portfolio undergoing renovation, Züblin Immobilière France is focused on ensuring timely and high-quality construction work, as well as on re-letting spaces as they become available."
Sales by quarter