PR Newswire/Les Echos/

Media Release

Paris, 15 July 2009

Consolidated sales for 1st quarter 2009/2010 Financial Year.

Züblin Immobilière France, a real-estate company that invests in office
properties, today announced its consolidated sales for the 1st quarter of its
2009/2010 financial year (from 01.04.09 to 30.06.09) of EUR6.3 million, out of
which rents amounted to EUR5.9 million.

Sales by quarter

                                                                 Variation
In million of euros                2009/2010     2008/2009        (%)
First quarter  (01.04 - 30.06) ......6.3           7.1            -11%
3 months total.......................6.3           7.1            -11%

Rents for the 1st quarter of 2009/2010 were level with the 4th quarter of the
2008/2009 financial year (from 01.01.09 to 31.03.09).

Compared to 1st quarter of 2008/2009, rents were down 11.5%, notably because of
the decrease in rents for the Jatte 1 and Le Magellan buildings which occurred
during the previous financial year.

As at 30.06.09, the Company's financial occupancy rate was 99.3%, unchanged
compared to 31.03.09.

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.

Key figures as at 31 March 2009:
* Portfolio gross open market value : EUR315m
* Annualised rental income: EUR24.6m
* Fully diluted liquidation NAV: EUR6.04 per share

Shares of Züblin Immobilière France trade on compartment C of Euronext Paris
market of Nyse 
Euronext - ISIN: FR0010298901

For more information
Eric Berlizon, CFO, Züblin Immobilière France
52, rue de la Victoire, 75009 Paris
Tel. +33 (0)1 40 82 72 40, info@zueblin.fr
More information can be found on our website www.zueblin.fr

Steve Grobet, Dusan Oresansky, NewCap., Financial communication
Tel. +33 (0)1 44 71 94 94, Fax +33 (0)1 44 71 94 90, Email zueblin@newcap.fr

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
ofAmerica.
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.
                      
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.