Press release
Financial Information - 1st Quarter 2013
Paris, May 16, 2013, 8:00am
CeGeREAL - Turnover up a sharp 24%
CeGeREAL generated a turnover (rental and related income - IFRS) of €13.5 million in the first quarter of 2013, up a substantial 24% compared to the same period a year earlier.
This sharp improvement was led by the arrival of new tenants in the Arcs de Seine complex, reflected in the €1.9 million increase in rental income, as well as the €0.5 million rise in related income for this asset.
| In thousands of euros (w/o VAT) | Q1 2013 | Q1 2012 | Var. |
| Rents | 10,675 | 8,984 | 19% |
| Rebilled expenses to the tenants | 2,797 | 1,859 | 50% |
| Turnover | 13,472 | 10,843 | 24% |
Rives de Bercy: Crédit Foncier, the single tenant in the prestigious 31,900sq.m. eastern Paris complex, signed a new nine-year green lease in January 2013, which expires in December 2021.
Arcs de Seine: A lease was signed in the first quarter with a fifth tenant, a CAC40 Group subsidiary, which will occupy 5,000sq.m. of the complex for its headquarters. This contract brings the complex's occupancy rate to 74% and the portfolio's occupancy rate to 86%.
Arcs de Seine still has 11,000sq.m. of vacant space overlooking the Seine, offering a significant visibility. The remaining space is actively being marketed.
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About CeGeREAL (NYSE Euronext Paris - Compartment B - CGR)
CeGeREAL is a REIT-style property company ("SIIC") that invests in very large prime office properties. Its portfolio currently comprises three office buildings located in the inner suburbs of Paris. The portfolio's appraisal value, as estimated by independent valuers BNPP Real Estate as of December 31, 2012, was €865 million excluding transfer costs.
www.cegereal.com
Media Relations
Aliénor Miens / +33 (0)1 53 32 84 77
alienor.miens@citigate.fr
Investor Relations
Raphaël Tréguier / +33 (0)1 42 25 76 36
raphael.treguier@cegereal.com
