2 February 2010 - Logiffine, the joint venture formed by MGPA, on behalf of its managed fund MGPA Europe Fund II, and Concerto European Developer SAS (Concerto) today announced the leasing 17,700 sqm of a Logiffine logistics park development in Hem (Nord Pas de Calais), to Geodis Logistics, a division of the Geodis Group, subsidiary of the SNCF Group. The lease covers a nine year period. This transaction completes the leasing program of the Logiffine site in Hem.

The 42,600 sqm logistics park is located in the Zone d’Activitiés des 4 Vents in Hem (59), near Lille And has been built to very high specifications. It features seven warehouse cells with 10 meter clear heights, more than 1,500 sqm of office and employee space, 600 sqm of charging room space and 41 loading bays equipped with electric nivellers. It also benefits from excellent transport links being close to two major motorways in the north of France, the A22 and A27.

Logiffine is pleased to attract an occupier of Geodis stature. The letting is the third over the past 12 months, and follows the recent lettings of over 18,600 sqm to Simastock (Groupe Bils Deroo) and 6,300 sqm to Publidispatch (Groupe STACI).

Alexis Gisselbrecht, MGPA’s asset manager responsible for the investment, said, “Over the last year we are delighted to have signed three new leases for the entire 42,600 sqm of space at the Logiffine building in Hem, demonstrating the suitability of our building for modern logistics requirements. We are very pleased to have now finalised the leasing program for our building in Hem.”

Tostain & Laffineur advised the two parties in this transaction.

Logiffine

MGPA, on behalf of its managed fund MGPA Europe Fund II began a partnership with Concerto European Developer in 2006, for the development of the Logiffine subsidiary. Delivering on its original investment strategy, Logiffine aims at building a portfolio of logistics facilities in France to strengthen the offer of technologically up-to-date, high quality facilities, in good locations. Logiffine currently owns two facilities, one in Hem near Lille in the north of France and one in Montéléger near Valence in the Vallée du Rhone. The 42,600 sqm facility in Lille is now totally let to three tenants, while the 18,500 sqm building in Montéléger is currently 33% let. Logiffine also holds additional land in Montéléger with building permits for two more facilities for a total 66,700 sqm.

MGPA

MGPA is an independently managed private equity real estate investment advisory company focused on real estate investment in Europe and Asia. Through its network of offices throughout Europe and Asia, MGPA currently manages US$10.4 billion in assets throughout these two regions. Its managed investments include development and redevelopment projects, joint-ventures and real estate operating companies in the office, retail, industrial, residential and hotel sectors. MGPA is owned by its senior management team and the Macquarie Group, a diversified international provider of banking, financial, advisory and investment services, headquartered in Sydney, Australia. For more information about MGPA please visit www.mgpa.com.

Concerto European Developer

Concerto is a property developer that specializes in the development of new generation logistics platforms and warehouses, as well as the refurbishment of used facilities for third parties, Concerto was founded in 1998 and is active mainly in France. Concerto is a subsidiary of the Affine group, a property group listed on Euronext market in Paris whose stock is a member of the EPRA index, Affine Group, founded in 1990, owns office, retail and logistics assets in France and Belgium, directly or through its subsidiaries, and its real estate portfolio value exceeds €1 billion. For more information about Concerto please visit www.concerto.fr For more information about Affine, please visit www.affine.fr