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
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Immobilière France shares in the United States of America nor any other country
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Züblin Immobilière France shares have not been, and will not be, registered
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France does not intend to register Züblin Immobilière France shares under the
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States of America.
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