SOURCE: Société de la Tour Eiffel

January 29, 2007 14:39 ET

Societe de la Tour Eiffel : Double Its Turnover in 2006

PARIS -- (MARKET WIRE) -- January 29, 2007 -- The 2006 consolidated turnover for Société de la Tour Eiffel was 60.5 million Euros, 54.9 million Euros being from rents, i.e. slightly over double the previous year.

+----------------+------+------+
|  Million Euros |  2006|  2005|
+----------------+------+------+
|  First quarter |  14.9|   6.8|
+----------------+------+------+
|  Second quarter|  14.9|   7.3|
+----------------+------+------+
|  Third quarter |  14.9|   7.6|
+----------------+------+------+
|  Fourth quarter|  15.8|   7.9|
+----------------+------+------+
|                |  60.5|  29.6|
+----------------+------+------+
+----------------+------+------+
This increase is due to the triple affect of a full year's rental income flow from late 2005 acquisitions (Locafimo) the coming on stream of new developments in 2006 and rental indexation.

The outcome of what proved another eventful year is fully in line with projections (54 EUR million rents forecast).

La Société de la Tour Eiffel will announce its annual results the 13th February together with a summary of last year's activity as well as a preview of current prospects.

Société de la Tour Eiffel facts

The SIIC (Société d'Investissements Immobiliers Cotée) listed on the Paris Euronext (Eurolist B) employs a strategy of investing in emerging locations in state of the art developments leased to top quality tenants. The portfolio currently stands at 1 EUR billion located equally between Paris and the Regions.

In 2006 the company's stock price appreciated by over 80 % valuing the company at EUR 700 million. The latest acquisition was the former headquarter of Cogema at Velizy (18 000 m(2) of offices for redevelopment).

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