ANF Immobilier

2010 : ANF Immobilier continued to develop its projects in Lyon and Marseille, investing a total of €64.9 million. Delivery of two development projects in Marseille and disposal of three properties in Lyon and seven properties in Marseille. The purchase of one B&B hotel and further investments in the redevelopment program amounted to €11.3 million.... 2011 : ANF Immobilier continued its renovation and project development program investing in excess of €73 million during FY 2011. Lease of the Printemps department store in Lyon renewed, under favorable conditions for the Company. Disposals were completed valued at more than €41 million. First acquisition outside the Company's historic asset base in the Confluence district in Lyon, next to Perrache station. Finally, ANF Immobilier gained an initial foothold in a new city, Bordeaux. 2012 : ANF Immobilier continued its renovation and project development program investing in excess of €97 million during FY 2012. The Company sold close to half of its portfolio for a total of €793 million. These disposals were followed by a repayment of the bank loan and distribution to shareholders amounting to €497 million. 2013: ANF is implementing a redeployment strategy aimed at rebalancing the portfolio and doubling rental income to €67 million by 2017. In 2013, this resulted in a 10% increase in its assets to nearly €1 billion and a 14% growth in rental income. The Company put in place a €240 million investment program, 76% of which has been secured and expanded the scope of its activities to the city of Bordeaux. 2014 : ANF Immobilier, in partnership with DCB International, undertake two major property development investments in Lyon eventually amounting to 39,000 square metres of office space. ANF Immobilier has the resources to implement its strategy - €400M in financing from four partner banks: Natixis, BECM, BNPP and CACIB.Read More