Press

First quarter 2012 revenues : Solid performance for all business lines

Consolidated revenues up +19.0% to €363.9 Million

Retail: First contribution from e-commerce to the growth of the multi-channel property company
  • Shopping centers:
    • Growth of like-for-like rental income: +2.6%,
    • Tenant revenues up: +1.5%,
  • E-commerce:
    • Successful public bid for RueduCommerce,
    • Marketplace (“Galerie Marchande”) merchants’ revenues grew by +36%.

Residential: Very good visibility on revenues
  • +35% growth of revenues on completion basis,
  • Strong financial visibility with €1.6 Billion backlog (excl. VAT),
  • Slowdown in reservations at €210 Million, i.e. a decrease of -14%:
    • Sales to private individuals up +7%,
    • Lower sales to institutional investors.

Office: Market just turning the corner
  • Two significant contracts closed, total €130 Million.
     
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Altarea Cogedim

A three-dimensional real estate company