2010 Full year results - Unibail-Rodamco

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SELECTIVE ACQUISITIONS OF PRIME ASSETS Asset Total Acquisition Cost (€ Mn) GLA acquired (m²) NIY (1) Retail – Simon Ivanhoe portfolio 715 131,261 6.4% 2010 Acquisitions Retail – France 92 16,253 7.8% Others 15 11,067 8.0% Total 821 158,581 6.6% €821 Mn of acquisitions in 2010 at an average 6.6% NIY and significant upside 50
On July 15, 2010, Unibail-Rodamco finalised the acquisition of the Simon Ivanhoe portfolio in Poland and in France for €715 Mn, including 2 prime shopping centres in Warsaw (Arkadia and Wilenska), 1 prime shopping centre in the Paris Region (Bay1/Bay2), stakes in 3 shopping centres in France (1 in the Lille Region, 2 in the Paris Region) and 5 development projects in France that are kept in a 50-50 JV with Simon Ivanhoe. The Group also acquired additional stakes in assets that it already owns to control and implement its active management policy and create further value. In France, it bought a 36% additional stake in Euralille (12 Mn visits per year, in Lille) bringing its total ownership to 76%. It also bought additional units in Rosny 2 in France as well as in Parquesur and in Garbera in Spain. (1) Buyer‟s yield: Annualised contracted rent (including latest indexation) net of expenses, divided by the total acquisition cost Figures may not add up due to rounding 51
Page 1 and 2: 2010 Annual Results Back to growth
Page 3 and 4: DISCLAIMER Unibail-Rodamco S.E., a
Page 6 and 7: FULL-YEAR 2010 FINANCIAL RESULTS in
Page 8 and 9: ASSET VALUES UP AGAIN IN 2010 in
Page 10: OUTPERFORMING OPERATIONAL RESULTS L
Page 13 and 14: Total consolidated shopping centres
Page 15 and 16: Despite the impact of bad weather i
Page 17 and 18: Focusing on the French portfolio, w
Page 19 and 20: Unibail-Rodamco‟s shopping centre
Page 21 and 22: Unibail-Rodamco has been very activ
Page 23 and 24: Dynamic leasing activity, especiall
Page 25 and 26: Large shopping centres continue to
Page 27 and 28: La Maquinista was extended by 16,14
Page 29 and 30: Donau Zentrum was extended by 25,87
Page 31 and 32: Lyon Part-Dieu was extended by 14,9
Page 33 and 34: Another successful innovation in 20
Page 35 and 36: Mobile applications are becoming an
Page 37 and 38: The Paris market accounted for 43%
Page 39 and 40: The office division in France perfo
Page 41 and 42: The environment remained challengin
Page 44: A STRATEGY PERFECTLY TAILORED TO FI
Page 47 and 48: There is a strong appetite from inv
Page 49: Unibail-Rodamco is focusing its att
Page 53 and 54: Unibail-Rodamco is focusing on larg
Page 56 and 57: A UNIQUE DEVELOPMENT PIPELINE ACROS
Page 58 and 59: SIGNIFICANT INCREASE IN DEVELOPMENT
Page 60 and 61: MAJOR ACHIEVEMENTS IN 2010 (1) Coun
Page 62 and 63: 50% OF JUMBOS TO BENEFIT FROM MASSI
Page 64 and 65: DELIVERING UNIQUE PROJECTS IN A LOW
Page 66: CHOOSING PRIME LOCATIONS IN PRIME C
Page 69 and 70: Construction works at Badajoz start
Page 71 and 72: Through the plan for “Grand Paris
Page 73 and 74: Unibail-Rodamco is investing in 2 t
Page 76 and 77: A SOUND FINANCIAL STRUCTURE AFTER D
Page 78 and 79: LOW COST OF DEBT SECURED FOR THE NE
Page 80 and 81: DISTRIBUTION • For 2010 fiscal ye
Page 82: OUTLOOK Täby Centrum - Greater Sto
Page 85 and 86: (1) Compound annual growth rate 85
Page 88: 2010 Annual Results Carré Sénart

2010 Full year results - Unibail-Rodamco

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