Foncière des Murs, Crédit Agricole Assurances and Assurances du Crédit Mutuel announce the acquisition of a portfolio of 165

PR Newswire/Les Echos/ 
PRESS RELEASE 


                                                      Paris, 13 November 2012
        Foncière des Murs, Crédit Agricole Assurances and Assurances du 
    Crédit Mutuel announce the acquisition of a portfolio of 165 B&B hotels

The acquired portfolio is made up of 165 hotels in France, with over 12,000
rooms in total. The transaction, worth EUR508 million excluding transfer duty,
will be carried out via an OPCI mutual property fund held by Foncière des Murs
(50.2%), the Crédit Agricole Assurances Group (40%) and Assurances du Crédit
Mutuel (9.8%). The yield rate excluding tax for the transaction stands at
6.9%.

This portfolio, which has solid fundamentals, comes with leases with a 7-year
firm residual term and secured, indexed fixed rental income.

B&B will retain ownership of the goodwill and management of these hotels, 
which are in the 2** segment. This new transaction will enable Foncière des 
Murs to position itself as the preferred contact for B&B, particularly in 
terms of providing support for B&B's development projects. Moreover, it forms 
part of the diversification strategy of the Crédit Agricole Assurances Group 
and Assurances du Crédit Mutuel in a promising sector that offers high yields.
With its dedicated team, Foncière des Murs will be responsible for the
management and Asset Management of the portfolio, confirming its role as the
preferred partner of major hotel operators, and its development dynamic in 
this sector.

CONTACTS

Foncière des Murs
Cécile Boyer
Tel: +33 (0)1 58 97 5447 
cecile.boyer@fdr.fr
Sébastien Bonneton
Tel: +33(0)1 58975244 
sebastien.bonneton@fdr.fr

Crédit Agricole Assurances
Elise Bouteiller - Tel. + 33 (0)1 43 23 80 71 - 06 26 12 41 44 
Camille Langevin - Tel. + 33 (0)1 57 72 73 36
service.presse@ca-assurances.fr

Assurances du Crédit Mutuel Group 
Press Contact: Brigitte Frohlich
Tel: + 33 (0)1 44 71 52 61
brigitte.frohlich@acm.fr 

About Foncière des Murs
Foncière des Murs, a subsidiary of Foncière des Régions, specialises in the
ownership of business premises, especially in the hotel, healthcare, and 
retail sectors. As a listed real estate investment company (SIIC), Foncière 
des Régions is a real estate partner for major players in the business 
properties sector. Foncière des Murs owns net assets amounting to 
EUR2.9 billion.
www.foncieredesmurs.fr

About the Crédit Agricole Assurances Group
Europe's leading bank insurer and the 2nd largest insurer in France in terms 
of premiums collected, the Crédit Agricole Assurances Group covers insurance
business both in France and internationally. It brings together Predica, for
personal insurance, Pacifica for damage insurance, Caci for loan insurance,
international subsidiaries, Caagis for IT management and its services and
Spirica and LifeSide Patrimoine for wealth and life insurance.
The Crédit Agricole Assurances Group in figures (at 31/12/2011)
- EUR25.2 billion in revenues
- EUR221 .5 billion of assets under management
- Close to 3,500 staff
www.ca-assurances.com

About the Assurances du Crédit Mutuel Group
Through its life insurance and property & casualty insurance subsidiaries, the
Assurances du Crédit Mutuel Group develops extensive product ranges designed
for individuals, professionals, companies and associations. These offers are
marketed via the networks of the Crédit Mutuel-CIC Group, which has seen
insurance become its second-largest business line. International development
recently saw an upturn, particularly in Spain, Belgium and Luxembourg.
The Assurances du Crédit Mutuel Group in figures (at 31/12/2011)
- EUR8.2 billion in revenues
- EUR72.7 billion in investments
- 2,106 employees

About Foncière des Régions
As a major player in the service sector real estate for Offices & Key Accounts,
Foncière des Régions owns and manages a EUR9 billion portfolio that is
primarily leased to key accounts who are leaders in their business sectors,
including SUEZ ENVIRONNEMENT, Thales, Dassault Systèmes, France Telecom, EDF,
Accor, etc.
As companies' real estate strategy partner, Foncière des Régions works with
clients to design innovative and sustainable real estate solutions.
www.foncieredesregions.fr


                  
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-0- Nov/13/2012 08:17 GMT