AFFINE (EPA:IML) H&M creates new 1,000 sqm store in Espace Colbert in Nevers

Transparency directive : regulatory news

19/04/2010 18:00

Paris, 19 April 2010, 06:00 p.m.

        H&M creates new 1,000 sqm store in Espace Colbert in Nevers

Affine has Fust signed a lease with H&M for premises covering 1,000 sqm in its
new Espace Colbert shopping centre in the centre of Nevers, where a Carrefour
Market is already planned.

This shopping centre consists of a "Carrefour Market" hypermarket covering 5,500
sqm, 5,000 sqm of commercial space for some forty shops, restaurants, banks and
insurance branches, 4,500 sqm of office space and 500 parking spaces. It is laid
out in two parts around a two-storey carpark: one part mainly houses the
hypermarket while the other will be structured around the H&M store.

Bordering on the hyper-centre, on one of the city's main urban road, opposite
the Préfecture de la Nièvre, Espace Colbert is set to rapidly become an
essential feature in the city's shopping landscape. It is an integral part of
the policy initiated by local political leaders to transform and enliven the
city centre.

H&M - the international retail chain offering ready-to-wear fashion for women,
children and men - has chosen this historic site to set up premises in order to
continue promoting its development in medium-size cities. Its store will cover a
surface area of 1,000 sqm and offer all of its ranges. Its presence will turn
the shopping centre into a major attraction for consumers in Nevers and its
surroundings.

The inauguration of Espace Colbert, which was initially planned for June, has
been postponed following this winter's bad weather; it is now scheduled for
Saturday, 29 August. H&M will be opening this autumn, along with the other shops
which have signed leases.

About the Affine Group

The Affine Group is structured around three property companies:
- Affine, a property company with French REIT (SIIC) status, listed on NYSE
  Euronext Paris, acts as an investor (offices, warehouses, retail space)
  throughout France; it is also a credit institution due to its leasing
  activities. Affine shares are included in the SBF 250 (CAC Small 90), SIIC
  IEIF and EPRA indexes. As at 31 December 2009, its market capitalisation was
  approximately EUR132 million and its property portfolio was valued at EUR630
  million, transfer taxes included.

- Banimmo, a Belgian real estate company listed on NYSE Euronext Brussels and
  Paris, is owned by Affine (50%) and the company's management (28.8%). It is
  primarily engaged in repositioning and renovating buildings in Belgium, France
  and Luxembourg. As at 31 December 2009, its market capitalisation was
  approximately EUR172 million and its assets were estimated at EUR340 million
  including transfer taxes, with rental properties representing EUR240 million.

- AffiParis, a French REIT (SIIC) listed on NYSE Euronext Paris, specialises in
  commercial property in Paris. As at 31 December 2009, its market
  capitalisation was EUR23 million and the value of its assets was EUR219
  million including transfer taxes.

The Group also has various subsidiaries, including Concerto Développement,
which specialises in logistics engineering.

CONTACTS

CITIGATE DEWE ROGERSON: Agnès Villeret
Tel. + 33(0)1 53 32 78 95 - agnes.villeret@citigate.fr

AFFINE: Maryse Aulagnon - Alain Chaussard
Tel. + 33(0)1 44 90 43 10 - info@affine.fr

Frank Lutz - Manager, Financial Communications & Investor Relations
Tel. + 33(0)1 44 90 43 53 - frank.lutz@affine.fr

H&M: Emily Scarlett
Tel. + 33(0)1 53 20 71 17 - emily.scarlett@hm.com

   A société anonyme with capital of 47,800,000 euros - Registered office:
                    4 square Edouard VII, 75009 PARIS
      Tel: 01 44 90 43 00 - Fax: 01 44 90 01 48 - Email: info@affine.fr
    Company registration 712 048 735 RCS Paris - Intracommunity VAT number
                               FR92712048735

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AFFINE (EPA:IML) H&M creates new 1,000 sqm store in Espace Colbert in Nevers

Transparency directive : regulatory news

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