ZUBLIN IMMOBILIERE : Züblin Immobilière: Consolidated Sales for the First Quarter 2011/2012 Financial Year
07/20/2011| 12:05pm US/Eastern
Züblin Immobilière France (Paris:ZIF) today announced that its
consolidated sales1 for the first quarter of
its 2011/2012 Financial Year (from 01.04.11 to 30.06.11) reached ?6.2m,
out of which gross rental income amounted to ?5.6m.
The financial information contained in this press release is
unaudited and has not yet been approved by the Board of Directors.
Sales by quarter
In million of euros
First quarter (01.04 - 30.06) ....................
Three-months total ...............................
Compared to the same period of the Financial Year 2010/2011, first
quarter sales (?6.2m) were down 3.1%, mostly because of the re-renting
at market value of the first floor of the Magellan building. The
physical occupancy rate of the operating investment properties stood at
92.4% at 30 June 2011, versus 93.9% at 31 March. The Jatte 2 building -
7 045 m2 (9.2% of the total lettable space) - is empty
since 1 July 2011 pending its future renovation.
1 Consolidated sales encompass gross rental income as stated
in IFRS financial statements + service charges invoiced to the tenants
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.
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
This document does not constitute an offer to sell
or the solicitation of an offer to invest.
this press statement in some countries can be a violation of applicable
This press release is not for publication or distribution in the
United States, the United Kingdom, Canada, Italy, Australia or Japan.
Züblin Immobilière France
Eric Berlizon, CFO
Tel. +33 (0)1 40
82 72 40
information can be found on our website www.zueblin.fr
Steve Grobet, Dusan Oresansky
(0)1 44 71 94 94, Fax +33 (0)1 44 71 94 90
© Business Wire 2011