AFFINE (EPA:IML) Etche acquires a logistics portfolio from Affine

Transparency directive : regulatory news

02/07/2018 19:00

Paris, 02 July 2018, 07.00 p.m.

Etche acquires a logistics portfolio from Affine

The property company Etche France, founded by Jean-Pierre Raynal and Léon
Baruc, has acquired three logistics properties from Affine for around EUR12m.
Located in the French regional cities of Mer, Leers and Thouars, the buildings
have a total gross area of 87,000 sqm. The buildings in Mer and Leers are
leased respectively to Girard Agediss and Cotrem. The Thouars building, with a
gross area of 31,000 sqm, is already under discussion for its resale to an
end-user.

This operation witnesses Affine's strategy aiming at refocusing its portfolio
in the main French metropoles, and marks a further step in its exit from the
logistics sector. The disposal was made at prices in line with fair values as
at the end of 2017.

The contribution of these three assets to Affine's gross rental income and EPRA
earnings over the full year would have been EUR1.3m and EUR0.9m respectively,
taking into account the vacancy on the Thouars site. Based on the information
as at 31 December, this transaction contributes to 1% increase of the EPRA
occupancy rate.

For this transaction, Etche was advised by CBRE (Guillaume Bertin) and assisted
by the notary Sonia Zantour of the Philippe Groeninck firm, while Affine was
assisted by Olivier Trichet of the Haussmann firm. The acquisition was financed
by the Caisses d'Epargne group.

ABOUT AFFINE

Affine is a property company specialising in commercial real estate. At the end
of 2017, it directly owned 45 buildings with a total value of EUR579, (excl.
transfer taxes) for a total surface area of 332,400 sqm. The Company owns
office properties (69%), retail properties (23%) and warehouses and industrial
premises (8%). 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
2017, Banimmo had total assets of 14 office and commercial buildings, with a
value of EUR208m (transfer taxes included).

Total Group assets are EUR824m (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, SIIC and IEIF
indexes. Banimmo is also listed on Euronext.

To find out more: www.affine.fr. Follow our news feed 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

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AFFINE (EPA:IML) Etche acquires a logistics portfolio from Affine

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