Terreïs' ambition is to actively develop its portfolio of commercial properties and small and medium-sized office premises with a focus on central locations in major French cities.

This is a niche market in which the major real estate groups have little or no involvement. We have the ability to address this market in a methodical and systematic way, thanks to our considerable knowledge of the fabric of local real estate markets throughout France .

Terreïs is now completely independent of the Foncia Group, of which it was previously a wholly-owned subsidiary. However, the two companies have maintained strong links:

• Terreïs will draw on Foncia's widely-recognised expertise in real estate management for the management of its assets;
• In addition, Terreïs, which already owns the properties housing more than sixty Foncia branches, will benefit from the expansion of the Foncia branch network and from the pool of commercial leases in which Terreïs expects to find acquisition opportunities that meet its strategic criteria.

The market listing of Terreïs is intended to give it the resources to back its expansion in this market which is rich in opportunities for profitable growth provided this is backed by a solid knowledge of the field and a swift decision-making process.

Jacky Lorenzetti
Chairman of the Board, Terreïs