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| Stock quotes : 22.00€ (2010/09/08 11:47:00) |
STRATEGY
CeGeREAL’s objective is to build a portfolio specialising in high quality offices in France, let to first-class tenants.
Positioning
Our property assets are concentrated in specific locations of the Paris region where there are recent large-scale buildings, of which there is a structural shortage in the central business district of Paris.
Investment strategy
CeGeREAL investments meet strict criteria, governed by a single watchword: quality. The company will consider large-scale office buildings, covered by a 10 year guarantee and leased to high quality tenants under secured leases.
Financial policy
In the context of its development, the company will use bank finance for up to 50% of the purchase price of the targeted buildings. In addition to the security offered by a low level of debt, this will allow the company to optimise its financing terms and increase its distributable revenue.
REIT Status
CeGeREAL has the status of a Listed Real Estate Investment Company (in French “SIIC”) as defined by article 208C of the Internal Revenue Code.
This status represents a clear competitive advantage for our shareholders as part of their investment policy.
Subject to the condition of distributing 85% of the profits from leasing activities and 50% of the profits from the sale of buildings, this status gives our company corporate income tax exemption.
Moreover, under certain conditions until December 31, 2011, the capital gains generated by the companies that contribute or sell property to REITs are taxed at the reduced rate of 19% and not at the corporate tax rate.
Distribution policy
CeGeREAL is a yield play company which has been conducting a generous dividend policy since its creation. The company plans to distribute most of the revenue generated to its shareholders each year, if its results so permit.
