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16 Feb 2023
CBD offices in a positive spotlight
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CBD offices in a positive spotlight
Rents stood at EUR 626m, up 2% YoY. On a LfL basis, the increase was 4.4%, supported by the strong LfL result for offices in particular (+4.6% YoY).Office space reversion in Paris CBD at +33%.Portfolio value stood at EUR 20.1bn, with a -1.6% LfL value adjustment recorded. Offices net cap rate up 30bps to 4.2%, residential up 10bps to 3.1%.2023 net recurrent income per share guidance at EUR 5.80-5.90 (+4-6% YoY).The company hosts a conference call today at 10:00 CET. ‘Buy' rating maintained.