Paris, April 21, 2017 - 7:00 a.m.
Quarterly financial information
Net income up 10.6%
|In millions of euros||Q1 2017||Q1 2016||Change|
|IFRS gross rental income||13.0||12.1||+6.7%|
|Portfolio occupancy rate||91.5%||92.7%||-|
|In euros per share|
This statement has not been subject to auditors' review
Huawei, one of the world's leading telecommunications providers, has expanded its lease at Arcs en Seine by doubling the space it occupies to 11,700 sq.m, for a minimum lease term of six years.
The Arcs en Seine office complex is ideally located on the banks of the Seine in the heart of the TMT Valley in Boulogne-Billancourt and offers tenants an excellent business base, outstanding visibility and a range of top rated amenities.
The Group's overall occupancy rate was 91.5% at March 31, 2017.
At the Annual Shareholders' Meeting on April 20, 2017, shareholders approved the financial statements for the year ended December 31, 2016 and the payment of a 2016 dividend of €2.10 per share. The dividend will be paid on July 13, 2017.
For more information, contact:
| Media Relations|
Aliénor Miens / +33 1 53 32 84 77
| Investor Relations |
Raphaël Tréguier / +33 1 42 25 76 36
Created in 2006, Cegereal is a commercial property company that invests in prime office properties in Greater Paris. The portfolio's appraisal value is estimated at €1,209 million as of December 31, 2016 (replacement value).
To date, Cegereal is the first French property company with a fully certified portfolio from an environmental point of view (HQE and BREEAM "Very Good") and ranks as "Sector Leader" in the international benchmark GRESB.
Cegereal is a REIT listed on Euronext Paris since 2006, in compartment B (ISIN: FR0010309096). The Company had a market capitalization of €490 million on April 20, 2017.