13 April 2010 - Logiffine, the joint venture formed by MGPA, on behalf of its managed fund MGPA Europe Fund II and Concerto E.D. (Affine Group) today announced the leasing of 12,200 sqm of a logistics park development in Montéléger (Drôme), for a nine year period, to Reynolds SAS. This transaction marks the completion of the Logiffine leasing programme for the Montéléger site and brings the occupancy rate of its portfolio to 100%.

The 18,600 sqm logistics park is located in the Parc d’Activitiés de “Beauvert” in Montéléger, near Valence. It features three warehouse cells with ten metre clear heights, more than 650 sqm of office and employee space, 400 sqm of charging room space and 18 loading bays equipped with electric nivellers. It also benefits from excellent transport links being close to two major motorways, notably the A7.

Logiffine holds 61,200 sqm in its portfolio, split between two logistics parks: a 42,600 sqm park located in Hem (near Lille) and a second 18,600 sqm park in Montéléger (near Valence).

This transaction is the second letting for the site in the past twelve months, and follows Logiffine’s earlier letting of 6,000 sqm to LPG Finance Industrie. Additionally, the seven cells of the Hem park have also been let in the past twelve months, including 18,600 sqm to Simastock (Group Bils Deroo), 6,300 sqm to Publidispatch (Groupe STACI) and 17,700 sqm to Geodis Logistics.

Alexis Gisselbrecht, MGPA’s Asset Manager responsible for the investment declared: “We are pleased to welcome a tenant of Reynolds stature to our logistics park. We are also delighted to have let the entirety of our platforms, 61,200 sqm, between Hem and Montéléger, in one year. The beginning of 2010 has been particularly successful, having signed this lease with Reynolds just three months after that with Geodis Logistics in Hem. This strong success is proof that our buildings are of the highest quality and are well adapted to today’s logistics requirements.”

CB Richard Ellis advised both 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 parks in France to strengthen the offer of technologically up-to-date, high quality facilities, in good locations. Logiffine currently owns two parks, 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 park in Lille is now totally let, as is the 18,500 sqm park in Montéléger. 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