2010 Full year results - Unibail-Rodamco

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CONCENTRATION OF INVESTMENTS IN PARIS OFFICE MARKET SO Ouest GLA: 33,419m² TIC: €193 Mn Opening Date: H2-2011 Majunga GLA: 63,035m² TIC: €376 Mn Opening Date: H2-2013 Phare GLA: 124,776 m² TIC: €900 Mn Opening Date: Post 2015 72
Unibail-Rodamco is investing in 2 towers in Levallois which will offer tenants efficiency and high quality just 5 minutes from the Arc de Triomphe Charles de Gaulle Etoile in Paris. The towers are located just 50 meters apart. SO Ouest Tower is on top of the shopping centre project and Courcellor 1 (offices and cinemas) is a 40,382 m² GLA tower that is being extended and fully refurbished. Unibail-Rodamco also invests heavily in the Paris-La Défense office market which has strong fundamentals with a low 6.0% vacancy rate (78% of these vacancies are concentrated in second-hand buildings). Vacancy rates should remain low due to the lack of competition with few deliveries either in progress or to be expected. Finally, La Défense will benefit from the huge potential embedded in the “Grand Paris” investments over the next 10 to 15 years. Unibail-Rodamco continues to invest in office development projects on a counter-cyclical basis. Its strong balance sheet enables it to finance its projects when development opportunities for other operations are constrained by a lack of financing. The Group invests in undersupplied markets with strong demand and renegotiated the cost of land and construction to improve return and limit risk. 73
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2010 Annual Results Back to growth
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DISCLAIMER Unibail-Rodamco S.E., a
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FULL-YEAR 2010 FINANCIAL RESULTS in
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ASSET VALUES UP AGAIN IN 2010 in
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OUTPERFORMING OPERATIONAL RESULTS L
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Total consolidated shopping centres
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Despite the impact of bad weather i
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Focusing on the French portfolio, w
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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 and 50: Unibail-Rodamco is focusing its att
Page 51 and 52: On July 15, 2010, Unibail-Rodamco f
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: Through the plan for “Grand Paris
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
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2010 Full year results - Unibail-Rodamco

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