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

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Over the full year, Amundi Immobilier will have invested more than [[ RichText template tag style is not configured ]] 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 [[ RichText template tag style is not configured ]] 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