Chairman's message

Since its floatation on the Stock Market at the end of 2006, TERREÏS has experienced major expansion.

In two years, we have gone from being a city-centre property company with an asset portfolio of €293 million to a property company with an asset portfolio of €1 billion situated principally in the centre and inner suburbs of Paris.

A merger with Avenir Investissement, a €96 million capital increase and a €345 million acquisition policy were the highlights of a particularly active 2011.

TERREÏS is therefore pursuing its goal of becoming an established tertiary asset management company with high quality Parisian assets (80%).

In 2012, we will devote our time to consolidating the strong growth of these last two years while, of course, seizing any opportunities that the Parisian property market might offer.

Jacky Lorenzetti
Chairman of the Board of Directors of TERREÏS