Press

• Very strong growth in rental income from shopping centres: +21%
• Very sharp increase in residential reservations, back above pre-crisis levels: +59% in value relative to 2008
• An active year in offices property: take-up of €140 million

• Retail property: continuation of the investment plan and arbitrage of mature properties
• Residential property: backlog at end-December up from 13 to 19 months’ revenues, indicating strong revenue growth in 2010 and 2011
• Offices property: continuation of property development activities and strengthening operations by becoming a dedicated office property investment fund operator during the cyclical trough

According to Alain Taravella, Chairman and Founder:
In 2009, Altarea Cogedim confirmed the relevance of its business model, relating to its presence in all property classes. Subject to constant economic conditions, Altarea Cogedim should see significant growth in its main indicators in 2010.