AFFINE (EPA:IML) Affine acquires an office complex of almost 11,000 sqm in Chaville

Transparency directive : regulatory news

16/11/2015 08:00

Paris, 16 November 2015, 8:00 am

    Affine acquires an office complex of almost 11,000 sqm in Chaville

Affine has announced the signing of a sales agreement for the acquisition, from
LBO France, of a 10,850 sqm office complex in Chaville, in the inner Parisian
suburbs, for EUR15.7m (including transfer taxes).

This complex is located in the avenue Roger Salengro, a major road in the heart
of the town close to the N10 and the A86 motorway. This predominantly mixed
residential and business area has a good transport network, with the RER C and
the SNCF train lines L and N giving access to the Paris Saint-Lazare and Paris
Montparnasse train stations, as well as the 171 bus line.

The property complex, which is used mainly by offices, comprises 5 buildings on
7 or 8 levels linked together and enjoying separate lobbies. The complex also
includes 650 sqm of shops on the ground floor, a 460 sqm ICR and 185 parking
spaces in the basement. Built in 1990, the complex underwent refurbishment and
compliance works in 2013.

The main tenant, Poste Telecom, occupies nearly 40% of the floor space. The 14
tenants also include companies such as Mizuno, Motors TV, Alten and Cocci Market
in retail.

This operation is part of Affine's investment strategy, which aims for balanced
development between Paris Métropole and major regional cities. This is an
investment opportunity to provide rents over the coming years, following the
recent disposals and pending the delivery of various off-plan acquisitions.

In this transaction, BNP Paribas Real Estate acted as consultant for the seller.
The notaries representing the seller and the buyer are, respectively, Mr
Guillaume Palais from the Monassier & Associés office and Mr Olivier Trichet
from the Haussmann office.

ABOUT AFFINE

Affine is a real estate company specialised in commercial property. At the end
of June 2015, it directly owned 55 buildings with a total value of EUR570m,
excluding taxes, for a total floor area of 528,500 sqm. The firm owns office
properties (53%), retail properties (22%) and warehouses and industrial premises
(25%). 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 June
2015, Banimmo had total assets of 21 office and commercial buildings, with a
value of EUR384m (taxes included).

Total Group assets are EUR988m (including transfer taxes).

In 2003, Affine opted for French real estate investment trust (SIIC) status.
Affine's shares are listed on NYSE Euronext Paris (ticker: IML FP/BTTP.PA; ISIN
code: FR0000036105) and admitted to the Deferred Settlement Service (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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14/12/2018 18:00

AFFINE (EPA:IML) Affine acquires an office complex of almost 11,000 sqm in Chaville

Transparency directive : regulatory news

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