AFFINE (EPA:IML) Affine - Inauguration of the new Arcachon town centre

Transparency directive : regulatory news

23/03/2012 08:00

Paris, 23 March 2012, 8:00

Affine, main commercial investor at the inauguration of the Arcachon town centre

On 24 March, Affine will be alongside the Mayor of Arcachon and Eiffage
(developer and builder of the site) to inaugurate the Arcachon municipal market
located in the new heart of town in which the group has invested in 2,400 sqm of
ground-floor retail premises.

Ideally located between the town hall and the sea front, "Ville d'été" is a
ZAC (integrated development zone) spread over 3 hectares that gave life to this
ambitious urban regeneration project in the heart of the seaside town. Centred
around the new, 1,500 sqm Baltard style covered market, the development includes
300 flats, 5,200 sqm of shops and restaurants, a cinema complex and a 600
underground parking lots. Built up on 10 blocks named after local figures, the
style of the buildings is highly personalised and respects the history of
Arcachon.

Affine became involved in the early stages of the operation as an investor in
more than 2,700 sqm of ground-floor shops. In response to the town council's
wishes, it then sold part of the premises occupied by the Alice Media Store so
that a large cultural products store could be opened. The shops will feature a
mixture of national brands (Bouygues Telecom, Promod, Rip Curl, etc.) and some
local stores. Affine also purchased a high-class, 800 sqm tourist resort under
the Réshidome Hotel Plazza brand, and managed by Résid Etudes. Marketing of
the operation will be completed in the summer of 2012.

This operation forms part of the Affine group's strategy to develop city centre
shopping areas, a sector in which it is already present in Paris, Bordeaux,
Saint Etienne, Nîmes and Nevers.

About the Affine Group:

Affine is a property company specialised in commercial property. As at the end
of 2011, and in partnership with its subsidiary, AffiParis, they owned and
managed 70 buildings with a total value of EUR709 million, inclusive of taxes,
spread over a total surface area of 556,000 sqm. The company mostly owns office
property (60 %), commercial property (11 %) and warehouses (27 %). Its business
is evenly divided between the Île-de-France (Paris region) and the other French
regions.

Affine is the reference shareholder of Banimmo, the Belgian repositioning
property company present in Belgium, France and Luxembourg, and of Concerto
European Developer, a subsidiary specialising in organising development
operations in logistic property.

Since 2003, Affine has adopted the special tax treatment applicable to French
listed property investment companies (SIIC). Affine shares are listed on NYSE
Euronext Paris (Ticker: IML FP / BTTP.PA; ISIN code: FR0000036105) and admitted
to the deferred settlement service (long only). The Affine share is included in
the CAC Mid&Small, SIIC IEIF and EPRA indices. AffiParis and Banimmo are also
listed on NYSE Euronext. www.affine.fr

Contact
INVESTOR RELATIONS
Frank Lutz
+33(0) 1 44 90 43 53 - frank.lutz@affine.fr

PRESS RELATIONS
Citigate Dewe Rogerson - Agnès Villeret
+33(0)1 53 32 78 95 - agnes.villeret@citigate.fr

  SOCIÉTÉ ANONYME WITH A SHARE CAPITAL 53,100,000 EUROS - REGISTERED OFFICE:
                       5 RUE SAINT-GEORGES, 75009 PARIS
       TEL: 01 44 90 43 00 - FAX: 01 44 90 48 00 - EMAIL: info@affine.fr
       PARIS TRADE AND COMPANIES REGISTER NO. 712048735 - INTRA-COMMUNITY
                              VAT NO. FR92712048735

AFFINE's latest news

14/12/2018 18:00

AFFINE (EPA:IML) Affine - Inauguration of the new Arcachon town centre

Transparency directive : regulatory news

AFFINE's latest news

Other stories