VITURA (EPA:VTR) Q1 2010 Financial Information

Transparency directive : regulatory news

07/05/2010 15:11

Press release

                                                          Paris, 7th May 2010

                                   Financial Information - First Quarter 2010

                  Appraisal values on the way to stabilization

CeGeREAL is a listed REIT that specialises in the management of French premium
office property assets let to credit tenants on the long term. Its pure
positioning associated to a moderate leverage forms a high yield profile for a
mutual access to the selective Prime Offices market.

According to the latest market study from DTZ, with commitments amounting up to
900 million euros in the first quarter, the Paris region investment market
started the new year by an increase of 88% versus Q1 2009. Investors' appetite
for office has been confirmed: these assets represented 87% of the total
investment volume during Q1 2010.

* Turnover

The company turnover (IFRS) amounts to 16.2 million euros. It is a slight
decrease compared to 2009 due the unrecovered fixed real estate expenses on the
vacant 6,000m2 in the Europlaza tower.

Our collected rents (IFRS) reached 13.9 million euros, also in slight decrease
due to the support measures granted in the framework of the numerous lease
renewals over the past two years.

* Main events during Q1 2010

After a gloomy 2009, potential large users (+20,000m2) restarted visiting Arcs
de Seine. The rental situation of Europlaza and Rives de Bercy remains strong
with an average lease duration of 6.8 years.

The wake up of the investment market led to a cap compression that could
compensate the potential decrease in economical rents over the first semester
and could stabilize the appraisal values.

* Calendar

29 April 2010: Availability of the registration document

29 June 2010: Joint General Meeting of Shareholders

30 July 2010: Half-year results

About CeGeREAL

CeGeREAL, which opted for the French SIIC tax regime (Sociétés
d'Investissements Immobiliers Cotées), is a real estate company that
specialises in the management of premium office property assets.

The Company's assets consist of three important properties located in the inner
suburbs of Paris. As of 31 December 2009, their estimated total value, as
determined by the independent appraiser BNPP Real Estate, is approximately
EUR828 million (excluding duties).

NYSE                   Euronext Paris
ISIN                   FR0010309096
Mnemo                  CGR
CFI                    ESVUFB
Type                   SIIC
Compartment            Eurolist - B
Index                  CAC Mid Small 190
                       Euronext IEIF SIIC France
Securities Services    BNPP Securities Services

www.cegereal.com

Arcs de Seine          Tour Europlaza          Rives de Bercy

Press contact
Publicis Consultants CeGeREAL
Aliénor Miens / +33 (0)1 57 32 86 68 /
alienor.miens@consultants.publicis.fr

Financial communication
Raphaël Tréguier / +33 (0)1 42 25 76 40 /
raphael.treguier@cegereal.com

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VITURA (EPA:VTR) Q1 2010 Financial Information

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