ANF Immobilier Has Concluded the Disposal of 13,000 sq. m. in Lyon, Primarily Occupied by Printemps under Very Positive Condi...
December 01 2015 - 12:26PM
Business Wire
Regulatory News:
ANF Immobilier (Paris:ANF) announced the sale, on November 30,
2015, of a 13,000 sq. m. Haussmann-style mixed-use building complex
located at Place de la République in Lyon. The asset is
predominantly in commercial use, with Printemps operating a total
surface area of 11,000 sq. m.
A transaction with a major financial
impact
The transaction, entered into with a leading international
investor, resulted in:
- additional paid-in capital of €0.4 per
share on the company's net asset value. Restated for this disposal,
the EPRA net asset value at June 30, 2015, would be €29.6 per share
instead of €29.2 per share;
- an underlying drop of 4% in the debt
ratio through this transaction.
A very positive asset disposal for ANF
Immobilier
The significant disposal of 13,000 sq. m. of its historical real
estate portfolio in Lyon represents a very positive move for the
real estate investment company. This transaction made it possible
to dispose of a Haussmann-type building complex, already valued and
offering a low yield, for over and above its appraisal value. By
reinvesting in new projects, such as the Banque de France project
in rue de la République in Lyon (already fully leased), the Company
is generating a yield spread of 400 bps in its favor. The proceeds
of the sale are helping to finance the announced pipeline of €230
million in secured transactions (€135 million after minority
interests) which will be delivered between the end of 2015 and
2017/2019.
Advisors on the transaction: Etude Wargny Katz
et Associés, Etude Attal et Associés (notaries), Baker et McKenzie,
CMS Francis Lefebvre (lawyers)
x x
x
Financial calendar 2015 Annual Results
March 22, 2016 (before the start of trading) Publication of 2016
Revenues for Q1 2016 May 11, 2016 (before the start of trading)
Shareholders’ Meeting May 11, 2016
About ANF
Immobilier
ANF Immobilier (ISIN FR0000063091) is a
French listed real estate investment company which ownsa
diversified portfolio of office, retail, hotel and residential
property worth €1,165 million. It iscurrently undergoing a major
transformation to concentrate on commercial real estate, and aims
toinvest in the regions and promote regional cities. It currently
has assets in Bordeaux, Lyon andMarseille. Listed on Eurolist B of
Euronext Paris and included in the EPRA real estate index,ANF
Immobilier is a company of the Eurazeo Grou.
http://www.anf-immobilier.com
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version on businesswire.com: http://www.businesswire.com/news/home/20151201006443/en/
ANF Immobilier contact: Laurent MilleronTel: +33 1 44 15
01 11 - investorrelations@anf-immobilier.comorPress contact:
Perrine PiatTel: +33 1 58 47 94 66 -
perrine.piat@havasww.com
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