Press Relations
Géraldine Lemoine
Tél : + 33 (0)1 58 97 51 00
Laetitia Baudon
Tél : + 33 (0)1 44 50 58 79
25-10-2018
Activity at end-September 2018 – Sustained rental growth
Well-oriented rental markets
- Offices: strong rental activity in Paris and Milan
- German residential: a structurally sound and growing market
- Hotels: continued growth momentum in Europe and in France more specifically
Sustained rental growth, +2.9% at a like-for-like scope at end-September
- €772 million in rental income 100% and €461 million Group share, up 5.6% year-on-year
- Rental income up 2.9% at a like-for-like scope for strategic activities
- Offices: 2.3% growth at a like-for-like scope in France and 1.5% in Italy (+2.2% in Milan)
- Residential: continued good rental momentum at +4.2%
- Hotels : further growth (+3.8%) thanks to a 6.3% gain in variable rents
New advances in the growth of the development pipeline
- €2.3 billion (€1.8 billion Group share) of projects should be committed in late 2018 and throughout 2019
- Appointment of architect for 60,000 m² tower project on Alexanderplatz in Berlin
Merger with Beni Stabili approved by the General Meetings of both companies
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Contact:
Investor Relations
Paul Arkwright
Tél : + 33 (0)1 58 97 51 85
