Chairman's message

Jacky LORENZETTI

In 2014, Terreïs once again recorded double-digit growth of key indicators of value creation. EPRA liquidation NAV increased to €31.83 per share, up 16.8 % since last year. This growth reflects and validates the strategy of focusing on assets in the Paris CBD.

During the year, Terreïs disposed of residential and Paris area assets worth €35.4 million. At the same time, we also acquired tertiary assets in the Paris CBD worth €85.3 million.

More than ever, Terreïs ranks as Paris’ leading investor in real estate with 98% of the assets in and around the French capital.

Our healthy financial structure (LTV to 48%) combined with a sale of non-strategic assets (residential, regional and Paris area) will enable us to reinvest in the Paris CBD while respecting our “golden rule” : buy high quality tertiary assets at the best price.

Jacky Lorenzetti
Chairman of the Board of Directors of TERREÏS

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