Regulatory News:
Société Foncière Lyonnaise (Paris:FLY) has completed its prestigious property complex at 249/251 rue Saint-Honoré with the opening of Dsquared²´s flagship boutique, followed in a few days by that of Ports 1961. Both stores are housed in the same premium building as the luxury hotel being leased to the Mandarin Oriental Hotel Group.
The inauguration of the new Parisian palace took place on 22 September during a magnificent ceremony organised by the Mandarin Hotel and attended by a host of celebrities.
To carry out the high-profile project, SFL and the Mandarin Oriental Hotel Group enlisted some of today´s most talented architects and designers, including Jean-Michel Wilmotte, Sybille de Margerie, Patrick Jouin and Sanjit Manku.
By executing a highly complex development and construction project in the heart of Paris, SFL has again confirmed its expertise and ability to innovate in Paris´s prime commercial property segment.
With an exceptional portfolio of properties valued at €3.2 billion including transfer costs, essentially located in the Paris Central Business District, SFL is a preferred vehicle for investors wishing to invest in the Paris office and retail property market. As the leading player in this market, the Group is firmly focused on pro-actively managing high-quality property assets. SFL has elected to be taxed as an SIIC since 2003.
STOCK MARKET:
Euronext Paris Compartment A "´ Euronext Paris ISIN FR0000033409 "´ Bloomberg: FLY FP "´ Reuters: FLYP PA
RATING S&P: BBB- stable
