Q1 2016 REVENUE: €321 MILLION (+16.2%)

Commercial activity 

• Sharp rise in Property Development new orders by +66% to €610 million
• 35 new projects to feed the Property Development pipeline, representing more than €600 million in potential revenue
• Leases signed by the Retail REIT: strong increase (+29%)

Retail REIT 

• Property Portfolio: very solid performance in the first quarter:
  • Tenants turnover up by +3.2% like-for-like
  • Rents up by +3.1% like-for-like
• Development pipeline: successful opening of the Avenue 83 shopping & leisure center in Toulon-La Valette

Property Development 

• Sharp growth in Residential sales: +49% to nearly 1,900 units (and +46% in value, to €435 million)
• Offices: new orders soared +155% to €175 million
• Property Development revenue up +17.6%

Consolidated indicator 

• Consolidated revenue: €321 million (+16.2%)