Chairman's message


Since 2012, Terreïs has chosen to concentrate its portfolio on premium office assets in Paris. This strategy, which prioritizes the valuation of assets, facilitates rentals and allows a high occupancy rate. Correlatively, the expected yields are lower and lead, during the arbitration period, to a slight reduction of rents.

Terreïs is now able to be in a position to benefit of its strategy with a significant increase in rents already in evidence, which will materialize more in the coming months when renewing on existing leases and during relocations when tenants leave. Terreïs will also benefit from positive effect of indexations.

In 2017, Terreïs once again strengthened its strategic assets in the Paris CBD under good conditions, despite high metric prices and strong competition. At the same time, it continued to sell its Parisian residential and office assets in Ile-de-France and in the French regions, in line with its non-strategic asset arbitrage program.

In an environment that seems to favor today a gradual rise in interest rates, the economic model of Terreïs demonstrates its strength and defensiveness. In particular, the fixed-rate debt structure of an average maturity stood at 11 years, consisting mainly of redeemable credits, affords some relative protection against any possible hike in interest rates.


Jacky Lorenzetti
Chairman of the Board of Directors of TERREÏS

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