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.

                                   -1-

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

                                                        -2-

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.
                                        -3-

                         
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