AFFINE (EPA:IML) Affine to acquire an office building complex in Lyon

Transparency directive : regulatory news

20/12/2010 18:00

Paris, 20 December 2010, 6:00 p.m.

Affine to acquire an office building complex in Lyon

Affine has just signed with CIC Lyonnaise de Banque a bilateral promise to
purchase a 4,900 sqm office building complex in Lyon for EUR10.5m (transfer
taxes included). This transaction is part of the Affine's growth strategy of
focusing on city-centre office buildings which offer strong value-creation
potential.

This complex is located on Boulevard des Tchecoslovaques in the 7th
arrondissement on the extension of the Boulevard Vivier Merle, between the La
Part-Dieu and Gerland districts. This mixed development area, combining
residential buildings and offices, is located near the integrated development
zone of ZAC de la Buire, which is intended to enhance the boulevard's use by
the service sector. It is well-served by public transport, with two nearby
metro stations, numerous bus routes, and tramwa y access currently under
construction.

Consisting of two linked buildings, built in 1984 and 2001 respectively, the
property offers 122 underground parking lots. This real estate complex is
leased to three tenants, including T Systems (a subsidiary of the Deutsche
Telecom Group) which occupies almost 80% of the surface area. The complex has
the potential for significantly higher value through repositioning and its
integration into the extension of the dynamic Part-Dieu area.

With this transaction, Affine is strengthening its position in the Lyon market
with 5 buildings representing almost 22,000 sqm of office space. In 2010, the
Affine Group completed or committed to investments totalling almost EUR105m.

Sorovim is acting as advisor to the seller in this transaction.

About the Affine Group

A diversified property company in commercial real estate, the Affine Group
held a portfolio comprising 107 buildings with a value of EUR1,079m and a
total surface area of 829,000 sqm at the end of June 2010. The Group invests
primarily in offices (54%), commercial real estate (21%), and warehouses (19%).

Its activities are divided between Affine (56%), active throughout France in
regions outside Paris; AffiParis (20%), an SIIC specialised in Paris real
estate; and Banimmo (24%), a Belgian property company active in Belgium,
France, and Luxembourg, that repositions real estate.

The Affine Group also includes Concerto Développement, a subsidiary
specialised in coordinating development and investment activities in logistics
real estate in Europe.

In 2003, Affine adopted the status of a Société d'Investissement Immobilier
Cotée (SIIC). The Affine share is listed on the NYSE Euronext Paris (ticker
symbol: IML FP/BTTP.PA; ISIN code: FR0000036105) and are eligible for Deferred
Settlement (SRD) - long only. It is included in the SBF 250 (CAC Small 90),
SIIC IEIF, and EPRA indexes. AffiParis and Banimmo are also listed on
NYSE Euronext. www.affine.fr

Contact
INVESTOR RELATIONS             PRESS RELATIONS
Frank Lutz                     Citigate Dewe Rogerson - Agnes Villeret
+33 (0)1 44 90 43 53 -         +33 (0)1 53 32 78 95 -
frank.lutz@affine.fr           agnes.villeret@citigate.fr

  A French "société anonyme" with share capital of EUR47,800,000 - Registered
  office: 5 rue Saint-Georges, 75009 PARIS
Tel: +33 (0)1 44 90 43 00 - Fax: +33 (0)1 44 90 01 48 - Email: info@affine.fr
   Company registration: 712 048 735 RCS Paris - Intra-community VAT number:
   FR92712048735

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