AFFINE (EPA:IML) A particularly dynamic H1 for Les Jardins des Quais in Bordeaux

Transparency directive : regulatory news

27/07/2015 18:00

Paris, 27 July 2015, 06:00 pm

    A particularly dynamic first half for Les Jardins des Quais in Bordeaux

Affine, owner of Les Jardins des Quais shopping centre in Bordeaux, reported
steady business for the first half of the year, marked by the signing of new
leases with major national brands: Louis Féraud (144 sqm), Triumph (108 sqm),
Westside Côté Glisse (144 sqm), MIM Outlet (183 sqm), adding to the 34 shops
already in operation. New tenants have occupied nearly 1,000 sqm at the shopping
centre, which has shown continual improvement since it opened in 2007, a
performance that demonstrates the relevance of its positioning.

Ideally located on the left bank of the Gironne at the foot of Chaban-Delmas
bridge and easily accessible from both city centre and outskirts, this shopping
centre specializes in factory outlets under the Quai des Marques brand,
offering a single location for major low-price brands.

With its recent openings, the shopping centre has already attracted many fans
by combining quality and a promise of at least 30% savings throughout the year
(compared to the initial recommended retail price in traditional networks).
Since 1 January, children's ready-to-wear clothing and household appliances
have posted the best results with revenues up 3% and 9% respectively. Since
2008, its first full year of operation, its revenue/sqm yield has grown by more
than 45%.

The arrival of new brands confirms that Les Jardins des Quais is now an
attractive major national hub, taking full advantage of its exceptional
location in the heart of Bordeaux, which is ideal for leisurely shopping.

In addition to its retail activity, the real estate complex also includes 11
restaurant facilities, some of which are currently under renovation to develop
new concepts, more than 12,500 sqm of fully occupied office space, and a
university site hosting the INSEEC school of business and management which in
June signed an agreement to expand its leased space by 332 sqm to 7,438 sqm.

Since it opened, new access roads have helped integrate it into the urban
landscape. Those arriving by way of its two tram stops can use self-service
bikes or a nearby river taxi. And for the past 2 years, Les Jardins des Quais
has featured additional access via the Chaban-Delmas bridge to the fast-growing
Bassins à Flots district and the Cité des Civilisations du Vin, a major
cultural and iconic tourist centre for the city that hopes to attract more than
450,000 visitors a year by 2016.

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 assets are 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 (including trans fer taxes).

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 19 -
frank.lutz@affine.fr            alexandra.richert@rppublics.com

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