AFFINE (EPA:IML) Affine signs for an office building at Porte de Clichy

Transparency directive : regulatory news

08/07/2015 18:00

Paris, 08 July 2015, 6:00 pm

         Affine signs for an office building at Porte de Clichy

Affine has signed a commitment to sell so that it can buy off-plan a 1,535 sqm
office building in Clichy-la-Garenne from the property developer Préférence
Home for the sum of EUR8m (including transfer taxes).

The building is situated at the "Entrée en ville" ("town entrance") ZAC
(integrated development zone) at the exit of the area's ring road and is part of
the Clichy-Batignolles district, a new major hub to the west of Paris.

Spread over 54 hectares, the district offers 330,000 sqm of building space, of
which 120,000 sqm are for the new Parisian courthouse and the regional
headquarters of the police judiciaire (criminal investigation department).

The "Entrée en ville" ZAC is a natural extension of the development of the area
between Paris and Clichy and asserts itself as the new business district for the
neighbourhood, given the strong demand for rental property there. Big groups
such as L'Oréal, Danone, Amazon, Holiday Inn, Nokia, SNCF and Piaggio have
already set up there. This project, which began in 2002, is expected to create
54,000 sqm of housing and 82,000 sqm of offices, which complement the Parisian
part of the area. The site is very well served by public transport: the Porte de
Clichy station is on the RER C line and metro lines 13 and 14 and the mainline
train station, Clichy-Levallois, is nearby. The ring road and the A1, A13 and
A14 motorways are also immediately accessible.

This 7-storey building (-1 to +5), which will be the recipient of a BREEAM
label, will be characterised by a "green" façade, screened by planter boxes
around the perimeter of each storey and with a grassed over rooftop terrace. The
building is currently on the market and will be delivered in the second quarter
of 2016.

This transaction is in line with Affine's investment strategy, intended to
balance development between the greater Paris area and France's large regional
cities.

In this transaction, BNP Paribas Real Estate acted as consultant for the seller
under an exclusive mandate. The notaries representing the seller and the buyer
are, respectively, Rochelois-Besins et Associés and Mr Casteran.

ABOUT AFFINE GROUP

Affine is a real estate company specialised in commercial property. At the end
of December 2014, it directly owned 57 buildings with a total value of EUR5 75m
(excluding taxes), for a total floor area of 534,400 sqm. The firm owns office
properties (53%), retail properties (22%) and warehouses and industrial premises
(26%). Its activity is distributed more or less equally between Ile-de France
and the other French regions.

Affine is also the major shareholder (49.5%) of Banimmo, a Belgian property
repositioning company with operations in Belgium and France. At the end of
December 2014, Banimmo had total assets of 20 office and commercial buildings,
with a value of EUR335m (taxes included).

Total Group assets are EUR945m (including trans fer taxes).

In 2003, Affine opted for French real estate investment trust (SIIC) status. The
Affine share is listed on NYSE Euronext Paris (Ticker: IML FP/BTTP.PA; ISIN
code: FR0000036105) and admitted to the deferred settlement system (long only).
It is included in the CAC Mid&Small, SIIC IEIF and EPRA indexes. Banimmo is also
listed on NYSE Euronext.

To find out more: www.affine.fr. Follow our news thread on:
https://twitter.com/Groupe_Affine

CONTACT
INVESTOR RELATIONS               PRESS RELATIONS
Frank Lutz                       RPpublics - Alexandra Richert
+33 (0)1 44 90 43 53 -           +33 (0)1 45 23 55 01 -
frank.lutz@affine.fr             alexandra.richert@rppublics.com

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