Press release - Auchan . com

PRESS RELEASE
Croix, 28 January 2013
COMMERCIAL REAL ESTATE / RETAIL / ECONOMY / FINANCE
IMMOCHAN SELLS A PORTFOLIO OF COMMERCIAL ASSETS IN FRANCE FOR MORE
THAN €160 MILLION
As part of its development strategy to establish partnerships with public and private investors,
Immochan announces that on 23 January 2013 it signed an agreement with a first-rate investor for
the sale of seven commercial assets in France for more than €160 million.
The sale concerns three shopping arcades and four retail parks, with a total surface area of nearly
60,000 m², located in Aubagne, Bordeaux, Cambrai, Nantes, Nice and Noyelles Godault.
Under the terms of the transaction, which is subject to approval by the competition authority,
Immochan will keep a 20% stake in the company that owns the assets. The purpose of this company
is to develop its portfolio as and when acquisition opportunities arise. Immochan will oversee the
management of the sites as part of a management mandate.
The purpose of this outsourcing operation is to finance Immochan's expansion, which involves plans
to create shopping centres and extend shopping arcades comprising a total surface area of roughly
700,000 m² over the next three years in France and the twelve other countries in which Groupe
Auchan operates, a total of 70 projects that embody Immochan's role and expertise as it
accompanies Groupe Auchan in its development.
This operation comes at an industrious time for Immochan with the recent opening of Zenia
Boulevard in Spain (80,000 m²) and Lomianki in Poland (33,600 m²), the planned opening of
Aquarelle in Russia (92,140 m²) in the first quarter of 2013, and the acquisition of seven Hungarian
shopping centres from Cora as well as the 49% stake owned by Simon Property Group in GCI,
lmmochan's Italian subsidiary.
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Press contact at Immochan: Assya Guettaf – Tel: +33 (0)3 59 35 96 30 - [email protected]
About Immochan - Founded in 1976, Groupe Auchan's real estate subsidiary, Immochan, is one of Europe's leading
shopping centre real estate developers, with revenue of €600 million in 2012. It has developed its expertise as a global
operator around four key businesses: real estate development, marketing, operation and management. Its strategy of
global responsibility ensures stability and long-term prospects for the public and private partners involved in all of its
projects.
KEY FIGURES: 340 shopping centres // 14,000 trading partners // 2 million m² in shopping centres under management //
1.2 million m² in retail parks // 12 countries // 630 employees.