Highlights

Real estate and financial information

  • Success for development operations, leased at 98% from their year of delivery : 12 operations representing almost 89,000 m² of offices in France and Italy and 680 rooms in Europe.
  • Foncière des Régions launches its flexible/co-working office offer and opens its 1st site in Marseille.
  • Foncière des Régions launches the Silex² programme in Lyon Part-Dieu, in partnership with Assurances du Crédit Mutuel, following the rental success of the Silex1 operation,fully leased during its delivery year.
  • Foncière des Régions accelerates its European hotel development with the acquisition of 17 hotels in Spain, and reinforces its partnerships with NH Hotel Group and B&B Hotels.
  • Reinforcement in major European cities : €1.8bn in secured investments in Paris, Berlin, Milan, Barcelona and Madrid.
  • Foncière des Régions continues to refocus with asset disposals of nearly €1.4 bn in 2017.
  • Foncière des Régions simplifies its structure and completes the merger of its hotel investment entities, Foncière des Murs and FDM Management.

Corporate

  • Foncière des Régions praised by employees – the Group’s second commitment barometer is published with exceptional results.
  • Foncière des Régions launchesEx-Aequo, a European programme to promote gender equality within the Group.
  • “Ctrl+alt+desk, reprogram your desk!”: Foncière des Régions launches a hackathon on the desk of the future, together with its major partners Orange and IBM.

France Offices

  • Delivery of six buildings with 46,700m² of floor space, 94% of which isalready let for 9 years on average;
  • 43,000m² of new leases signed on new assets or assets under construction including the EDO building at Issy-les-Moulineaux, wholly let to the Transdev Group;
  • €160M of acquisitions in the Greater Paris area, at 7.8% yield, offering great potential for future redevelopment;
  • Renegotiation of leases on 450,000m² of property including two major lease deals with partners Orange and EDF;
  • 65% green portfolio rate.

Italy Offices

  • Expansion in Milan and improvements in the quality of the portfoliowith the acquisition of 41,000m² for €111M;
  • Diversification of leasing base: sharing 40% of Telecom Italia’s portfolio,representing €1.6Bn;
  • Strong leasing activity with 62,000m² newly let, including the 1st lease on the Symbiosis project with Fastweb.

Germany Residential

  • €406M of acquisitions, nearly 70% in Berlin;
  • Accelerating rent growth on a like-for-like basis of 3.6%, including 4.6% in Berlin;
  • Launch of a €200M development pipeline: 1,100 units with 70,000m² in Berlin, of which 1/3 was launched in 2017.

Hostels in Europe

  • Increased exposure to Europe’s big cities: €1.2Bn invested in hotels in leased properties or business & premises;
  • Doubling of the development pipeline to €261M, 2,030 rooms, with longstanding partners (B&B Hotels) or new ones (Meininger, Motel One) in strategic locations (Paris, Lyon, Berlin, Munich, etc.);
  • 17 hotel operators as partners: three times more than in 2014.

Other 2016 highlights

  • Appointment of two women as members of the Board of Directors, taking women’s representation to 40% a year ahead of the legal deadline;
  • Creation of an Innovation Department and announcement of a partnership with start-up incubator Immowell Lab;
  • Success of the first Green Bond issue, for €500M with 10-year maturity;
  • Carré Suffren: first BiodiverCity© certified building opens.

Opérations financières et immobilières

  • Foncière des Régions livre huit opérations pour plus de 100 000 m² : Astrolabe (Euromed Center) à Marseille, Steel à Paris, Respiro à Nanterre, Quatuor à Lille-Roubaix, Green Corner à Saint-Denis, Campus Eiffageà Vélizy-Villacoublay, ErDF à Avignon et Askia (Cœur d’Orly) à Orly.
  • Foncière des Régions accélère sa stratégie de création de valeur en Italie : elle renforce son partenariat avec Telecom Italia et renouvelle les baux pour 15 ans fermes, acquiert deux immeubles de bureaux à redévelopper dans le centre de Milan. Christophe Kullmann devient Directeur Général de Beni Stabili.
  • Foncière des Régions réalise 400 M€d’investissements en Hôtellerie. Elle renforce ainsi ses partenariats avec les grandes enseignes hôtelières comme B&B Hôtels, en accompagnant le groupe dans son développement européen, ou en initiant de nouveaux partenariats avec les opérateurs européens Motel One et MEININGER.
  • Foncière des Régions et AccorHotels poursuivent et renforcent leur partenariat immobilier initié il y a plus de 10 ans en renouvelant des accords locatifs de 80 hôtels pour une nouvelle durée ferme de 12 années.
  • Foncière des Régions, via sa filiale FDM Management, finalise une levée de fonds de 172 M€.
  • Foncière des Régions annonce l’acquisition de14,6% du capital de sa filiale Foncière des Murs.
  • Foncière des Régions investit plus de 870 M€dans le Résidentiel allemand en renforçant sa présence dans les villes dynamiques de Berlin et Hambourg.

Gouvernance et corporate

  • Foncière des Régions publie son étude « Economie de partage et espace de travail – le regard des salariés européens ».

Performance et récompense

  • L’agence S&P relève la notation financière de Foncière des Régions à BBB, perspective Stable.
  • Foncière des Régions est reconnue comme l’une des références mondiales pour ses actions contre le changement climatique. Elle intègre la « Climate A List » du Carbon Disclosure Project, avec une note de 99A, et se place dans le Top 5 France, tous secteurs confondus.
  • Foncière des Régions se distingue avec trois prix venant récompenser sa stratégie immobilière : le Trophée SIATI 2015 de la « Meilleure Foncière », le Trophée SIATI 2015 de la « Meilleure stratégie d’investissement en immobilier hôtelier » et le Prix d’honneur Tourinvest Forum 2015.
  • Le Document de référence 2014 et le Rapport développement durable 2014, se hissent une nouvelle fois en tête du classement européen en recevant deux EPRA Gold Awards.
  • Foncière des Régions and Crédit Agricole Assurances deliver the New Vélizy’campus to Thales, 46,000 sqm in the centreof the Vélizy-Meudon area. This flagship project won the SIIC Trophy in the “Ville & Avenir”category.
  • Creation of an investment partnership,called “FDM Management”, to acquire hotels (premises and business assets) run by major operators in the sector: first transactions in France and Germany.
  • Foncière des Régions is pursuing itsstrategy in German Residential with the acquisition of residential portfolios in Berlin, Dresden and Leipzig, for €400 million.
  • Foncière des Régions publishes its annual study: Office property and the attractionof French metropolises, conducted with approximately 1,000 employees and 500 directors of companies with more than 250 employees.
  • Foncière des Régions, via itssubsidiary Foncière des Murs, announces new strategic and structural partnerships with European Hotel leaders Meininger and NH Hôtel.
  • Announcement of a new tenant partnership for Foncière des Régions with the acquisition of the “Liberté et Coupole”complex from Natixis in Charenton-le-Pont.
  • Foncière des Régions receives two EPRA Gold Awards for the quality of itsfinancial reporting (2013 ReferenceDocument) and extra-financial reporting (2013 Sustainable Development Report).
  • Foncière des Régions successfully completed a bond placement for the amount of €500 million worth of seven-year, topursuit itsstrategy of diversifying itssources of financing, lowering debt costs and extending debt maturity.
  • Foncière des Régions and Demathieu & Bard Immobilier are developing the future Bose France headquarters in St-Germain-en-Laye.
  • Launch ofthe Golden Tulip hotel within the new Euromed Center mixed use complex in Marseille.
  • Foncière des Régions steps up itsstrategic refocusing with the disposal of almost 60% of itslogistics assets, for €473 million.
  • In partnership with Crédit Agricole Assurances, Foncière des Régions acquired the future Campus Eiffage, a new 24,000 sqm building designed by Jean-Michel Wilmotte.
  • Launch of Cœur d’Orly, one of the major Grand Paris urban projects, with construction of “Askia”, an initial building with 18,500 sqm of office space, which is 50% pre-leased.
  • Launch of the Green Corner project in St-Denis, 70% leased to the Haute Autorité de Santé, with a delivery date set for the end of 2015.
  • Foncière des Régions and B&B Hôtels signed a partnership agreement for the development of nine new hotels in Germany over the next three years.
  • Euromed Center: Louvre Hôtel decided to install a four-star Golden Tulip hotel in the Marseille complex to be underwritten by Foncière des Régions and Crédit Agricole Assurances.
  • Foncière des Régions increased its stake in its subsidiary Foncière Développement Logements and bolstered its position in the German residential market. This represents an investment of nearly €1 billion.
  • Foncière des Régions was awarded for the quality of its financial reporting through the EPRA Award Gold for its 2012 Reference Document, and for extra-financial reporting, earning the EPRA Award Silver for its 2012 Sustainable Development Report.
  • Foncière des Régions was included in four of the NYSE Euronext –Vigeo indices: “France 20”, “Eurozone 120”, “Europe 120” and “World 120”.
  • Foncière des Régions successfully carried out a new ORNANE issue for €345 million and completed a private bond placement for the amount of €180 million.