Annual report 2008 - Altarea Cogedim

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Key figures Shopping centres Net rental income (in €m) Development Revenue (in €m) 92.7 117.3 ■ Offices ■ Residential 595.9 177.3 769.0 34.2 57.3 + 26 % 2007/2008 82.0 513.9 591.7 + 29 % 2005 2006 2007 2008 * 12 months. 2007 * 2008 Korus 1 – Philips head office – Suresnes. L’Arboretum – Garches. Les Boutiques Gare de l’Est – Paris 10 e . French National Assembly – Paris 7 e . Recurring earnings (in €m) Net asset value (in €m) 93.7 1,323.4 1,273.6 74.3 922.8 25.1 38.2 + 26 % 2007/2008 514.4 – 3,7 % 2007/2008 2005 2006 2007 2008 € per share + 9.2 % 4.02 5.36 9.41 10.28 2005 2006 2007 2008 € per share –24.8% 77.8 117.7 165.0 124.2 6
significant events of 2008 Corporate Altarea merges with Altafinance and becomes SIIC 4 compliant Capital increase of €374.5 million, with ABP acquiring an interest Development business housed within Altareit, a listed company acquired in March 2008. L’Aubette, shopping centre – Strasbourg. Les Portes de Brest-Guipavas, retail parks – Brest. Porte Jeune, shopping centre – Mulhouse. I Due Valli, shopping centre – Pinerolo – Piedmont, Italy. Operations Completion of Korus 1, the new Philips head office and sale of Korus 2 to Laboratoires Servier Completion of L’Arboretum, a development of 70 apartments in Garches Opening of the Les Boutiques Gare de l’Est in Paris Completion of the French National Assembly offices Opening of L’Aubette shopping centre in Strasbourg Opening of Saint-Aunès and «Les Portes de Brest-Guipavas» retail parks in Brest Opening of Porte Jeune shopping centre in Mulhouse Opening of «I Due Valli» shopping centre in Pinerolo (Piedmont, Italy). 7
Page 1 and 2: Annual report 2008
Page 3: ALtarea GROUP 1 Profile 3 2 Busines
Page 6 and 7: Altarea’s business model Property
Page 10 and 11: Message from Alain Taravella Last y
Page 13 and 14: Positioning 11
Page 15 and 16: Positioning Property development So
Page 17 and 18: Positioning retail 2008 Retail: 6 s
Page 19 and 20: Positioning Cœur d’Orly Urban di
Page 21 and 22: Positioning 2008 Residential In res
Page 23 and 24: Positioning 2008 Offices Through it
Page 25 and 26: Hôtel Saint-Priest - Lyon. Dolce V
Page 27: - In shopping centre investment, th
Page 30 and 31: Business review I. Business review
Page 32 and 33: Business review 2.2 Proprietary sho
Page 34 and 35: Business review Rental income inclu
Page 36 and 37: Business review Centre Type Country
Page 38 and 39: Business review 2.4.2 2008 investme
Page 40 and 41: Business review manager, the Group
Page 42 and 43: Business review (Net floor area, 00
Page 44 and 45: Business review The level of outsta
Page 46 and 47: Consolidated results II . Consolida
Page 48 and 49: Consolidated results 2. Net asset v
Page 50 and 51: Financial resources III Financial r
Page 52 and 53: Financial resources Balance sheet t
Page 54 and 55: Financial resources Costing-based p
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Individual company financial statem
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CONSOLIDATED FINANCIAL STATEMENTS 1
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CONSOLIDATED FINANCIAL STATEMENTS C
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CONSOLIDATED FINANCIAL STATEMENTS
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CONSOLIDATED FINANCIAL STATEMENTS -
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General information 1. Persons resp
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General information For as long as
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General information Shares may be c
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General information 1 - Extraordina
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General information Ownership of sh
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General information (k) Trading in
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General information High Low Latest
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General information 186 During the
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General information ALTAREA is invo
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Corporate governance The report of
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Corporate governance 1.3 Supervisor
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Corporate governance Françoise Deb
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Corporate governance Fonds ABP - Me
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Corporate governance remuneration w
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Corporate governance Table 3 - Summ
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Corporate governance Philippe Mauro
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SUPERVISORY BOARD CHAIRMAN’S REPO
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ALtarea gROUP / DRAFT RESOLUTIONS 7
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Fourth resolution (Approval of agre
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This authorisation is granted to th
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• Resolves that the total nominal
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- that in the event of an increase
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ALtarea gROUP / Cross-reference tab
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www.altarea.com 8, avenue Delcassé
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Annual report 2008 - Altarea Cogedim

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