AFFINE (EPA:IML) Affine acquires Marché Vaugirard
Transparency directive : regulatory news
17/11/2017 18:00
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Paris, 17 November 2017, 6:00 pm
Affine acquires Marché Vaugirard
Affine has acquired the retail mall "Marché Vaugirard" from the Belgian
company Banimmo (of which it holds 49.5%). The Marché Vaugirard is located in
Paris' 15th district, opposite the Montparnasse main train station.
This shopping mall which is on the Boulevard de Vaugirard, has 25 shops for
approximately 2,132 sqm around a Géant Casino supermarket. It benefits from
the excellent public transport services of the Montparnasse train station and a
dynamic and diverse urban environment, offices on Boulevard Vaugirard and
residential property on Falguière street. Since 2015, it has undergone
refurbishment and marketing, and now has an occupancy rate of 96%, producing an
annual rent of EUR 690,000.
This acquisition aims to increase Affine's rental income and strengthen the
capacity for Banimmo to develop its land bank projects in Belgium. The
transaction was based on the appraisal value of the property as at the end of
June 2017.
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