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  • 2010/12/03
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Amundi Immobilier on track to complete more than €380 million in real estate transactions in 2010

Amundi Immobilier has continued to generate a substantial volume of investments and asset sales and purchases in 2010. It is on track to achieve overall transaction volume of more than €380 million on behalf of the regulated vehicles it manages1.

Over the full year, Amundi Immobilier will have invested more than €300 million for the funds it manages in France. This acquisition volume is a sharp increase over 2009, when the company invested €160 million.

Amundi Immobilier acquired 10 office buildings for approximately €200 million. 26% of the buildings are located in Paris, 18% in the Parisianregion, and 56% in other parts of the country.

Amundi Immobilier made investments totalling close to €100 million in residential property.

In addition to these acquisitions Amundi Immobilier sold more than €80 million worth of assets in 2010. It disposed of 10 office buildings for €60 million and 60 residential units for a total of €23 million.

Commenting, Amundi Immobilier CEO Nicolas Simon said, “The increase in the volumes we invested in 2010 reflects strong fund inflows and ongoing active management of our funds in a market that is picking up. We plan to continue and intensify the development of our real estate funds and financial solutions for private, institutional and corporate clients and for real estate professionals.”

1 Amundi Immobilier manages investment trusts (SCPIs) and collective investment schemes (OPCIs) specialised in real estate

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