Société de la Tour Eiffel : Société de la Tour Eiffel : 2012 annual turnover

 Société de la Tour Eiffel : Société de la Tour Eiffel : 2012 annual turnover                     Turnover and EPRA occupancy rate stable,            4.5% increase in rental income on a like for like basis  The company's consolidated turnover for 2012 amounted to € 82.4M, compared  to  €82.3M for 2011, of which rents represented respectively € 69.5M and €69.4M. The stability of the turnover has been achieved despite approximately 110 M of asset sales over the 2011-2012 period.  This rental outcome  results from  a combination  of rents  received on  newly  delivered properties  (+€0.1M), net  relettings (+€0.6M)  and indexation  of  passing rents (+€ 2.4M), set against property disposals during the said period (- € 3M of rents).  On a like for like basis, rents increased by 4.5%.    Consolidated turnover  (in M€)                     2012 2011 First quarter               20.7 20.2 Second quarter              20.7 20.8 Third quarter               20.4 20.9 Fourth quarter              20.6 20.4 Cumulated as at 31 December 82.4 82.3 Of which rents              69.5 69.4  The relative resilience of business  activity was further demonstrated by  the  EPRA occupancy rate performance  of 91.6% for the  overall portfolio at  31^st  December 2012 compared with 91.3% at 31^st December 2011.  Portolio evolution: Disposals completed in 2012 globally amounted to  € 70M in line with the  last  prevailing independent valuations, a further € 40M being under contract as  at  31^st December 2012.  The net  asset value  as of  31^st  December 2012  amounted to  € 915M  to  be  compared with € 999M a year ago and  € 955M in June 2012. The decline  results  largely from asset  disposals but also  reduced property values  of 2.8% on  a  like-for-like basis (compared with 31^st December 2011) principally concerning provincial sorting  centers and  business  parks. Parisian  office  properties  values that are core to the company's activity remain stable.  Other operational highlights for the 2012 fourth quarter:    ofinalized the refinancing program with the signing of a new 287M, 5-year     loan. All the 2013 maturities have been refinanced or renegotiatedby     anticipation during 2012. The company's overall financing cost is     extremely competitive (below 4%) with an average duration of more than 5     years;    o24,500 m² of new lettings and lease renewals representing € 2.9M of annual     rents including 3,000 m² in Chartres (revised occupancy rate 52%) for 18     years;        othe on-going construction of green LEB 5,200 m² office development in     Montrouge (€23M of investment pre-financed in 2011); the delivery of     which has been scheduled for the 2013 2^nd quarter;        othe sale of the company's minority stake in a business park in Châtenay     Malabry and of one of the buildings in the NXP Campus, Caen for an     aggregate € 11M.  Calendar: - 20^th  March 2013: 2012  results and new  strategy press  release  after market close withensuing conference call in English - 21^st March 2013: SFAF meeting in French (2012 results and new strategy) - 30^th May 2013: Annual General Meeting     About Société de la Tour Eiffel A «SIIC»  quoted on  the  Euronext Paris  Exchange,  the company  pursues  a  strategy focused on the  ownership and the development  of quality office  and  business space  capable  of  attracting  a  wide  range  of  tenants  in  both  established and emerging locations. The  company's portfolio stands above  900  million Euros  of  assets  spread  evenly  between  the  Paris  area  and  the  regions. Société de la Tour Eiffel is listed  on NYSE Euronext Paris (compartment B)  -  ISIN code: 0000036816 - Reuters: TEIF.PA - Bloomberg EIFF.F. Member of  IEIF  Foncières and IEIF Immobilier France indices.  Press contact                         www.societetoureiffel.com                Communication Jean-Philippe MOCCI                                                            Jerome DESCAMPS Capmot                                                                 Chief Financial Officer Tel:+33 (0)1 71 16 19 13/                                          Tel: +33 (0)1 53 43 07 06 + 33 (0)671911883 jpmocci@capmot.com                                     jerome.descamps@societetoureiffel.com                                                                                        Société de la Tour Eiffel - 2012 annual results  ------------------------------------------------------------------------------  This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.  The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.  Source: Société de la Tour Eiffel via Thomson Reuters ONE HUG#1677965  
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