PR Newswire/Les Echos/
Press release
Paris, 15th April 2008
Full year consolidated sales increase by 68%
Züblin Immobilière France, a real-estate company that invests in commercial
properties, announces that its consolidated sales for FY 2007/2008 to 31st
March 2008 totalled €21.9m, €20.7m of this being rents.
In € 2007/2008 2006/2007 ? (%)
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) ............................6,016,409 3,364,206 +78.84%
Fourth quarter (from 01/01/08 to 31/03/08)?. 6,863,163 3,651,211 +87.97%
Total 2007/2008 .....................................................21,923,349 13,087,708 +67.51%
Evolution of annual sales
Over the Group's entire 2007/2008 financial year (from 01/04/07 to 31/03/08),
consolidated sales totalled €21.9m out of which rental income (rents and
recoverable charges) amounted to €21.8m and rents reached €21.7m. Sales growth
was 68%, essentially due to income generated by the 3 acquisitions carried out
over the year and the full-year effect of rental income of the Jatte 3 and
Suresnes buildings acquired towards the end of FY 2006/2007. On a like for like
basis (i.e. the Jatte 1 and 2 buildings), rents were up 6%.
Evolution of 4th -quarter sales
Sales for the 4th quarter of 2007/2008 (from 01/01/2008 to 31/03/2008) totalled
€6.9m, up 88% compared to the same quarter of FY 2006/2007, out of which rents
amounted to €6.6m. Rents for the 4th quarter of 2007/2008 were up 18% compared
to the 3rd quarter of the same financial year. The Danica office complex and
the building in Marseille, which were acquired respectively on 14th and 30th
January 2008, contributed €0.9m to this quarter's rents.
On a like for like basis (i.e. Jatte 1 and Jatte 2), rents grew by 5% compared
to the final quarter of the previous financial year.
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As at 31 March 2008, the vacancy represents 1.7% of the Group's total surface
area. This represents one and a half floors of the Jatte 3 building.
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
)1
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.
1 Valuation as at 30th September 2007 or acquisition costs for the buildings
purchased since
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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.
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