Download the 2009 annual report in PDF format - ANF
Download the 2009 annual report in PDF format - ANF
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14<br />
DESCRIPTION OF THE BUSINESS<br />
Marseilles at <strong>the</strong> heart of <strong>the</strong> Euroméditerranée project<br />
8. Marseilles at <strong>the</strong> heart<br />
of <strong>the</strong> Euroméditerranée project<br />
<strong>ANF</strong>’s real estate assets <strong>in</strong> Marseilles, which are for <strong>the</strong> most part located around rue de la République, consist of close to 172,000 square metres<br />
of high-quality mixed-use Haussmann-style properties and of land reserves at <strong>the</strong> heart of <strong>the</strong> Euroméditerranée district.<br />
Marseilles real estate assets<br />
<strong>ANF</strong>’s real estate assets <strong>in</strong> Marseilles, which are for <strong>the</strong> most<br />
part located around rue de la République, consist of close to<br />
172,000 square metres of high-quality mixed-use Haussmannstyle<br />
properties. This unique quality comes on top of <strong>the</strong><br />
Company’s ownership of land reserves right at <strong>the</strong> heart of <strong>the</strong><br />
Euroméditerranée district.<br />
At <strong>the</strong> heart of <strong>the</strong> Euroméditerranée project, <strong>the</strong> whole of rue de la<br />
République has been renovated façade by façade, with pavements<br />
widened, 200 trees planted and new urban furniture <strong>in</strong>stalled.<br />
Rue de la République is close to stations on <strong>the</strong> two metro<br />
l<strong>in</strong>es, and service has been improved s<strong>in</strong>ce July 2007 with <strong>the</strong><br />
Surface area 30,000 square<br />
metres.<br />
<strong>ANF</strong> • <strong>2009</strong> ANNUAL REPORT<br />
commission<strong>in</strong>g of <strong>the</strong> Blancarde – Euroméditerranée Gantes tram<br />
l<strong>in</strong>e. An 800-space car park, opened <strong>in</strong> 2008, allows Marseilles<br />
residents to shop without be<strong>in</strong>g concerned about park<strong>in</strong>g.<br />
This artery l<strong>in</strong>k<strong>in</strong>g <strong>the</strong> Vieux-Port to <strong>the</strong> new La Joliette district is a<br />
ma<strong>in</strong> thoroughfare between <strong>the</strong> historic centre of Marseilles and <strong>the</strong><br />
expand<strong>in</strong>g bus<strong>in</strong>ess and tourism district.<br />
In <strong>2009</strong>, <strong>the</strong> properties located on boulevard Baille and avenue du<br />
Prado as well as <strong>the</strong> Massabo land (social hous<strong>in</strong>g) were disposed<br />
of for a total of €2.8 million.<br />
Offi ces Retail premises Residential units Total Planned<br />
developments<br />
42,000 square<br />
metres.<br />
100,000 square<br />
metres.<br />
172,000 square<br />
metres.<br />
No. units 151 266 1,366<br />
Occupancy rate* 77% 85% 80%**<br />
<strong>2009</strong> rents (€ thousands)<br />
O<strong>the</strong>r = 1,629<br />
2,949 6,652 6,929 18,159<br />
* Includes technical vacancy and ongo<strong>in</strong>g work.<br />
** Surface areas left vacant for development or compensation.<br />
�<br />
Contents<br />
93,500 square<br />
metres.<br />
OTHER GENERAL INFORMATION PRO FORMA FINANCIAL INFORMATION ANNUAL FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS INFORMATION ABOUT <strong>ANF</strong> DESCRIPTION OF THE BUSINESS