AFFINE (EPA:IML) Affine acquires a portfolio of offices of 12,000 sqm GLA in Paris Metropole

Transparency directive : regulatory news

06/11/2017 18:00

Paris, 06 November 2017, 6.00 pm

Affine acquires a portfolio of offices of 12,000 sqm GLA in Paris Metropole

Affine has just acquired three office buildings totalling 11,800 sqm GLA in the
west of the Paris Metropole area for EUR42.5m (including transfer taxes) from
LBO France. This acquisition will enable to increase its annualised rental
income by EUR2.7m.

In Suresnes: 6,346 sqm of office space and 170 parking lots

The building is located in Suresnes, on the banks of the Seine, in the centre
of a commercial and business district where major groups including Airbus,
Dassault, Capgemini or Gfk are located. The district has excellent public
transport connections, including the T2 Tram Line, the Transilien Suburban
Railway Service L and U Lines, as well as a large number of bus lines. It is
also close to the A13 and A14 motorways via the Seine quayside. The building
has an occupancy rate of 97%, develops 6,346 sqm over eight floors, occupied by
three tenants, and has 170 parking lots. It forms part of a larger property
complex of 60,000 sqm.

In Clichy: 3,400 sqm of office space and 58 parking lots

The building is located in the "Espace Clichy" Business Park in the André
Citroën Mixed Development Zone, which includes retail outlets, offices and
housing. The building is easily accessible by road (towards Porte de Clichy and
the Seine quayside) and by public transport, including a large number of bus
lines. It is close to RER C train line and to the Mairie de Clichy metro
station (Line 13), which will be the final stop on Line 14, scheduled for 2019.
The building is occupied by four tenants on three floors, includes 3,400 sqm of
office space and industrial areas and 58 parking spaces in the basement, and
has an occupancy rate of 82%.

In Courbevoie: 2,068 sqm of office space and 38 parking lots

This asset benefits from an excellent location in the vicinity of La Défense
Business District. Its location makes it very easily accessible by road, as it
is very close to the Seine quayside, the N13 and A14 motorways, and La Défense
ring road, a little further away. There is a wide variety of public transport
options, including the La Défense Esplanade metro station (Line 1), the No. 2
tram line, and several bus lines. The building develops 2,068 sqm GLA over four
floors, and offers its four tenants a functional and dividable office space,
and 38 parking lots in the basement. Its occupancy rate comes out at 100%.

This acquisition is in line with Affine's investment strategy, which aims for
balanced development between the Paris Metropole area and major regional
cities, and will make a EUR0.6m contribution to rental income in Q4 2017.

BNP Paribas Real Estate acted as adviser to the vendor for this transaction.
The respective notaries representing the vendor and the buyer were Maître Marc
Paturel from Wargny Katz, and Maître Raphaëlle DE BEAUMONT from Haussmann.

ABOUT AFFINE

Affine is a property company specialising in commercial real estate. At the end
of June 2017, it directly owned 44 buildings with a total value of EUR537m,
excluding taxes, for a total floor area of 345,700 sqm. The firm owns office
properties (68%), retail properties (22%) and warehouses and business premises
(10%). Its assets are distributed more or less equally between Ile-de France
and other regions in France.

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
2017, Banimmo had total assets of 17 office and commercial buildings, with a
value of EUR224 m (transfer taxes included).

Total Group assets are EUR796m (including transfer taxes).

In 2003, Affine opted for French real estate investment trust (SIIC) status.
Affine's shares are listed on Euronext Paris (ticker: IML FP/BTTP.PA; ISIN
code: FR0000036105). It is included in the CAC Mid&Small and SIIC IEIF indexes.
Banimmo is also listed on Euronext.
To find out more: www.affine.fr/en/. Follow our news thread on:
https://twitter.com/Groupe_Affine

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

PRESS RELATIONS
Dentsuaegis - Alexandra Richert
+33 (0)1 41 16 42 67 - alexandra.richert@dentsuaegis.com

ABOUT LBO FRANCE

As a key player in private equity with EUR3.6bn of capital under management,
LBO France is an independent company that has been supporting French companies
in their growth for more than 30 years. Its strategy is based on 4 investment
approaches in non-listed assets, managed by dedicated teams: (i) Mid Cap Buyout
through the White Knight funds and Small Cap Buyout through the Hexagone/Small
Caps Opportunities funds, (ii) Venture Capital through the SISA fund, (iii)
Real Estate through the White Stone and Lapillus funds, (iv) Debt. LBO France
is 100%-owned by its management and employs nearly 60 professionals.

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AFFINE (EPA:IML) Affine acquires a portfolio of offices of 12,000 sqm GLA in Paris Metropole

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