This is a 446 space car park on 13 levels. The car park is only a short distance from the Place de la Joliette and has met strong demand for car parking spaces from the area’s companies and inhabitants. The car park was delivered in the third quarter of 2007. Total investment excluding land amounted to €9 million.

This office and retail building is located on the Place de la Joliette, and demonstrates ANF’s expertise in its renovation strategy. This is a mixed-use building, with 2,638 sq. m of offices and 530 sq. m of retail space, which was completed in the fourth quarter of 2007. Total investment excluding land was €6.2 million

In Marseilles, Rue de la République, ANF is overhauling its buildings situated between the Vieux-Port and Place Sadi Carnot. As a key component of the Company’s strategy, these investments consist of work in both the shared areas and the private areas. A total of €34.8 million will have been invested in this development project.

ANF is building a “tourist residence” in the centre of the Euroméditerranée district, which will contribute to the area’s renovation. It is already rented to Pierre & Vacances and will contain 141 tourist units, 20 residential units and 141 underground parking spaces on three levels. The car park will be delivered in the third quarter of 2009. Total investment excluding land amounted to around €17.4 million.

ANF grouped together several retail spaces which are now vacant and will redevelop these spaces. This complex is situated in the immediate vicinity of Place de la Joliette and will be available in 2010. ANF will also renovate the offices and residential areas. Total investment in the project is about €17.8 million, excluding land.

ANF is overhauling a central plot with about 10,000 sq. m of space. Office and residential space is being optimised and ground floor space is being redeployed, making it possible to create retail space in this sought-after sector. The car park will be delivered in phases from 2008 to 2010. Total investment is predicted to be €19.4 million.

ANF has identified about 4,000 sq. m of mansard-style units which require major renovation before being rented. The renovation should create around 60 apartments to be delivered from 2008 to 2010. The work is being carried out in close liaison with the department architect, particularly with regard to the restoration of façades and roofs. These spaces did not previously generate income. The first renovated apartments will be delivered in 2009. Total investment is expected to be about €9.0 million, excluding land.

Close to the Place de la Joliette, ANF will build a 125 room hotel to be completed in the fourth quarter of 2010. The hotel will be operated by the B&B chain, France’s third-largest budget hotel chain. Total investment in the project is about €5.5 million, excluding land.

ANF is overhauling and renovating retail space on Rue de la République in Lyons, to enhance its products both for retailers and their customers. The Company plans to invest €13.0 million in this development project.

This new office and residential programme, situated close to the Place de la Joliette, will suit companies wanting to be in the heart of the business district, as well as demand from new residents working in the area. The project has 19,500 sq. m of net floor space and consists of 13,000 sq. m of offices and 6,500 sq. m of jointly-developed apartments, plus a 305-space car park. Delivery is expected in the second quarter of 2010. Part of the office programme will be sold and the other part is already let to a single tenant. Total investment is about €27.6 million. In total, €9 million of new rental income should result from these committed and secured developments (excluding the new rental income coming from the Segment 1 developments in Marseilles and the Mansard and retail space in Lyons).