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Success of the Public Exchange Offer for Foncière Développement Logement


PR Newswire/Les Echos/

PRESS RELEASE


                                                  Paris, 2 September 2013
                   Success of the Public Exchange Offer for
                       Foncière Développement Logement

Following the closure of the public exchange offer for its FDL subsidiary,
Foncière des Régions now owns a 59.7% interest in FDL, which is in line with
its goals, and with the commitments to tender or not tender shares to the 
public exchange offer announced in June 2013. As from 6 September, a total of
62,997,111 Foncière des Régions shares will be admitted for trading, which
amounts to an 8.8% increase in Foncière des Régions' share capital compared
with June 2013.

The stock market transaction was a success, and enables Foncière des Régions
to strengthen its German interests through a real estate investment transaction
amounting to around EUR1 billion.

Foncière des Régions has been actively involved in the German residential real
estate market since 2005, and now has a high-quality local team that enables it
to manage its real estate assets in an active manner and to implement a
portfolio turnover strategy, which creates value. Foncière des Régions intends
to pursue its asset rotation strategy on this market, so as to always be
positioned in the best locations and to maintain an attractive like-for-like
rental income growth rate (over 2% per year between 2005 and 2012).

"The German residential segment is an attractive real estate market, which
diversifies Foncière des Régions' business away from its focus on Offices and
Key Accounts. This segment is very much in keeping with our business model,
which is characterised by sustainable and secure rental income that increases 
on a regular basis", said Christophe Kullmann, Foncière des Régions' Chief
Executive Officer, to mark the announcement of the results of the public
exchange offer..
       Press Relations                      Investor Relations
       Géraldine Lemoine                    Sébastien Bonneton
    Tel: + 33 (0)1 58 97 51 00          Tel: + 33 (0)1 58 97 52 44
     geraldine.lemoine@fdr.fr            sebastien.bonneton@fdr.fr

Foncière des Régions, Partner in Real Estate

As a partner working with companies on their real estate strategy, Foncière des
Régions designs lasting and innovative solutions with a dual aim: increasing
the value of the existing urban portfolio and designing the real estate of
tomorrow.

Foncière des Régions has a portfolio worth around EUR10 billion, Group share
(EUR16 billion on a full basis), which is primarily leased to key accounts that
are leaders in their sector (SUEZ Environnement, Thales, Dassault Systèmes,
France Télécom, EDF, IBM, and Eiffage, etc.). This partnership culture is
based on key values and know-how: vision, and expertise.

Foncière des Régions shares are listed on the Euronext Paris A Compartment
(FR0000064578 - are eligible for deferred settlement and are included in the
MSCI, SBF120, Euronext IEIF "SIIC France", and CAC Mid100 indices, in the 
"EPRA" and "GPR 250" European real estate company benchmarks, as well as the 
FTSE4 Good ASPI Eurozone(r) ethical indices. 

Foncière des Régions is rated BBB-/Stable by Standards and Poor's.
                          www.foncieredesregions.fr

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-0- Sep/02/2013 10:53 GMT

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