PR Newswire/Les Echos/
 
                          Press release

Paris, 27th February 2008

Third quarter 2007-2008 sales increase by +79% compared with the third quarter 
2006-2007.


Züblin Immobilière France, a real estate company that invests in commercial 
properties, announces consolidated sales for the third quarter of its financial 
year 2007-2008 (from 1st October 2007 to 31st December 2007) of €6,016,419, out 
of which rental income (rents and recoverable charges) amounts to €6,016,410 
and rents reach €5,569,457


In Euros                                          2007/2008        2006/2007     Change
                                                                                   (%)
First Quarter (from 01/04/07 to 30/06/07).......  4,477,682        2,767,656    +61.79%
Second Quarter (from 01/07/07 to 30/09/07) ...... 4,566,095        3,304,635    +38.17%
 Third Quarter (from 01/10/07 to 31/12/07) ...... 6,016,419        3,364,206    +78.84%
 Total 9 months (from 01/04/07 to 31/12/07) .....15,060,196        9,436,497    +59.60%





Consolidated sales for the first 9 months of the current financial year (1st 
April 2007 to 31 December 2007) come out at €15,060,196, of which €14,946,392 
rental income and €14,104,687 rents.
Considering the three 2007 acquisitions and the sale of the Saint-Cloud co-
ownership lots in
July 2007, rents have progressed by 74% compared to the third quarter 2006-2007
. On a like for like basis, rents have increased by 6%.
The third quarter 2007-2008 rents are up by 34% compared to the second quarter 
of this same financial year, this is mainly due to the acquisition of Magellan 
on the 5th of October 2007. This asset has contributed €1.35m to the rents 
accounted for in the third quarter.

About Züblin Immobilière France
Züblin Immobilière France is a listed property company, which has elected for 
REIT status (SIIC status). The company invests in commercial properties (offices
, shops, logistics), and its real estate in France consists of 8 office 
buildings in the Paris Western Business district (Neuilly-sur-Seine, 
Gennevilliers, Nanterre and Suresnes), in Lyon and Marseille. 


Key figures:
? Appraised real estate holdings: €402 m (real estate transfer tax included)
? Annualised rental income: €26.8 m
? Operating cash flow: €4.2m (30.09.2007)
? Diluted liquidation NAV: €14.60 per share (30.09.2007)



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




Contacts
Eric Berlizon, CFO, Züblin Immobilière France, 52 rue de la Victoire, 75009 
Paris
Tel. +33 (0)1 40 82 72 40, info@zueblin.fr
Emmanuel Huynh, Steve Grobet, 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 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.



                         
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.