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SFL Missions Inc. Awarded Contract for Fast-Turnaround AISSat-4 Nanosatellite Development to Expand Capacity in Norwegian Maritime Monitoring System
SFL Missions Inc. Awarded Contract for Fast-Turnaround AISSat-4 Nanosatellite Development to Expand Capacity in Norwegian Maritime Monitoring System

Yahoo

time20 hours ago

  • Business
  • Yahoo

SFL Missions Inc. Awarded Contract for Fast-Turnaround AISSat-4 Nanosatellite Development to Expand Capacity in Norwegian Maritime Monitoring System

TORONTO, July 29, 2025--(BUSINESS WIRE)--The Norwegian Space Agency (NOSA) has awarded a contract to SFL Missions Inc. to develop the AISSat-4 maritime ship tracking microsatellite for launch in less than one year. AISSat-4 is needed to expand operational capacity in Norway's maritime situational awareness network. AISSat-4 is being developed on SFL's SPARTAN 6U nanosatellite platform and will carry a single payload – a miniaturized Automatic Identification System (AIS) receiver built by Kongsberg Seatex of Trondheim, Norway. The SPARTAN bus is space proven with 18 commercial communications satellites previously deployed using this platform. SFL Missions is uniquely prepared to develop AISSat-4 on an accelerated schedule. Additionally, the SPARTAN platform relies on heritage hardware and software and is easily tailored to accommodate the AIS receiver and antennas. "We have extensive experience in implementing AIS missions, and therefore we have the expertise and design heritage needed to implement the AISSat-4 mission on a short schedule," said Dr. Robert E. Zee, SFL Missions Director and CEO. More broadly, he added, SFL Missions Inc. has the capacity to work on many satellite missions concurrently, and since the team is vertically integrated, it maintains full control over the subsystem and spacecraft level assembly, integration, and testing schedules. Under the leadership of NOSA and the Norwegian Coastal Administration, Norway operates the world's most extensive and sophisticated space-based marine monitoring system to protect the safety of vessels and sustainability of resources in its vast territorial waters. "The societal benefits we gain from collecting AIS information from satellites is significant. It is therefore important that we ensure the maintenance of this capability," said Coastal Administration Director Einar Vik Arset. "AISSat-4 will be a valuable addition at a time when several of our operational satellites are nearing the end of their expected lifespan." Norway launched the first ship-tracking satellite of its operational AISSat series in 2010 and then funded a parallel series of larger NorSat microsatellites. While the smaller AISSat nanosatellites each carry a single payload focused solely on collection of AIS signals, the NorSats each operate a ship-tracking device along with one or more technology demonstration payloads. NorSat-1 and -2 are both eight years old and have operated beyond their five-year design lives. Norway's leadership in space-based maritime monitoring includes eight spacecraft spanning more than 15 years, all of which were developed with SFL: AISSat-1 launched in 2010 with funding from Norwegian Defence Research Establishment (FFI) to prove that Automatic Identification System (AIS) signals from ships at sea could be detected by an AIS receiver in orbit. AISSat-1 was quickly transitioned to operational status where it collected data for 12 years. AISSat-2, a twin to AISSat-1, launched as an operational asset in 2014 until decommissioning nine years later. NorSat-1 and -2 launched in 2017, each carrying successively improved AIS receivers developed by Kongsberg Seatex. Additionally, NorSat-1 carries two experimental space science instruments, while NorSat-2 tested a two-way communication VHF data exchange device. NorSat-3 launched in 2021 with an experimental radar navigation detector to augment the ship-tracking capabilities of its AIS receiver. NorSat-TD launched in 2023 with a suite of technology demonstration payloads including a Dutch-built laser communications device that successfully enabled faster, more secure optical transmission of data between the spacecraft and ground station. NorSat-4 launched in January 2025 carrying a fifth-generation AIS receiver complemented by a first-of-its-kind low-light imaging camera to detect and identify "dark" ships not operating their AIS transponders. AISSat-4, now under development, will have the capacity to capture 1.5 million unique AIS signals every day even in crowded shipping lanes. Additionally, Norwegian AIS data collected from space will continue to serve as the mainstay of the Blue Justice Ocean Surveillance Program initiated by Norway in September 2023 to fight international fisheries crimes. Participants in this program share coastal data to uncover illegal fishing activities worldwide. About SFL Missions Inc. ( SFL Missions Inc. generates bigger returns from smaller, lower cost satellites. SFL Missions pushes the performance envelope and disrupts the traditional cost paradigm. We build quality small satellites at low cost that work the first time and enable NewSpace companies to mass produce through our Flex Production program. Satellites are built with advanced power systems, stringent attitude control and high-volume data capacity that are striking relative to the budget. We arrange launches globally and maintain a mission control center accessing ground stations worldwide. The pioneering and barrier-breaking work of SFL Missions is a key enabler to tomorrow's cost-aggressive satellites and constellations. View source version on Contacts Dr. Robert E. ZeeSFL Missions Follow SFL Missions X @SFLMissionsInstagram at Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

SFL Releases Its 2025 Interim Financial Report
SFL Releases Its 2025 Interim Financial Report

Business Wire

time7 days ago

  • Business
  • Business Wire

SFL Releases Its 2025 Interim Financial Report

PARIS--(BUSINESS WIRE)--Regulatory News: SFL (Paris:FLY) has published its Interim Financial Report for the six months ended 30 June 2025 and filed it with France's securities regulator, Autorité des Marchés Financiers (AMF). The document can be viewed at the SFL website, in the 'Publications' section under "Results". About SFL Referent in the prime segment of the Parisian commercial real estate market, Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at €7.7 billion and is focused on the Central Business District of Paris (# Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies. As France's oldest property company, SFL demonstrates year after year an unwavering commitment to its strategy focused on creating a high value in use for users and, ultimately, substantial appraisal values for its properties. With its sights firmly set on the future, SFL is committed to sustainable real estate with the aim of building the city of tomorrow and helping to reduce carbon emissions in its sector. Stock market: Euronext Paris Compartment A – Euronext Paris ISIN FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA S&P rating: BBB+ stable outlook

SFL – First-Half 2025 Results
SFL – First-Half 2025 Results

Business Wire

time7 days ago

  • Business
  • Business Wire

SFL – First-Half 2025 Results

PARIS--(BUSINESS WIRE)--Regulatory News: SFL (Paris:FLY): 'In a more mixed rental environment over the first half of the year, SFL continued to deliver excellent operating performances, in terms of both occupancy (99.7% economic occupancy rate for offices) and average nominal rent (€855/sq.m.). The Paris market remained extremely polarised, with leases on prime properties signed or rolled over at record high rents of over €1,000/sq.m. This is proof, if any were needed, that while the supply of available properties is growing, the attention paid to product quality still makes all the difference', explained Aude Grant, SFL's Chief Executive Officer. The consolidated financial statements for the six months ended 30 June 2025 were approved by the Board of Directors of Société Foncière Lyonnaise ("SFL") on 23 July 2025, at its meeting chaired by Pere Viňolas Serra. These financial statements show significant growth in EPRA earnings and a modest increase in the value of the asset portfolio. Physical and economic occupancy rates remained exceptionally high, at 99.1% and 99.3% respectively, and properties let during the period commanded increasingly high rents, attesting to the appeal of prime Paris office properties and the relevance of SFL's business model. The auditors have completed their review of the financial statements and issued their report on the interim financial information, which does not contain any qualifications or emphasis of matter. Economic occupancy rate kept at a record high 99.3% Despite a rise in the Paris region vacancy rate to 10.8% (up 8.0% over six months), SFL has carved a niche for itself with its very high quality portfolio of outstanding assets in prime locations (99% in central Paris) and its policy of investing continuously to deliver first-class services and high levels of customer satisfaction. The physical occupancy rate continued to top 99.0% at 30 June 2025 (99.4% at 31 December 2024). The EPRA vacancy rate was 0.7% (0.5% at 31 December 2024). SFL signed 13 leases in the first half, on over 10,500 sq.m. including 10,300 sq.m. of office space let mainly to new tenants. In addition, renegotiated leases on around 2,400 sq.m. were signed with existing tenants, in some cases ahead of the lease-break date in response to tenants' needs and to allow SFL to capture the reversionary potential in advance. This sustained rental activity primarily concerned the following properties: Louvre Saint-Honoré, with 1,600 sq.m. let for a non-cancellable period of nine years to La Caisse, a leading Canadian institutional investor; Haussman Saint-Augustin, with 2,000 sq.m. let for a non-cancellable period of nine years to an international law firm; Washington Plaza, with 1,900 sq.m. let for a non-cancellable period of six years to Citadel; Edouard VII, with 1,100 sq.m. let for a non-cancellable period of nine years to AFG; office space in the Washington Plaza, Cézanne Saint-Honoré and 103 Grenelle properties; and around 230 sq.m. of retail units. A new record was set for rents on the new office leases, with the average nominal rent hitting €1,002 per sq.m., corresponding to an average effective rent of €860 per sq.m., for an average non-cancellable period of 7.2 years. Modest increase in portfolio appraisal value amid continuing uncertainty The appraisal value of the Group's portfolio at 30 June 2025 was €7,650 million excluding transfer costs, up 1.0% from €7,571 million at 31 December 2024 (up 1.4% including transfer costs). No properties were purchased or sold during the first half of 2025. The increase in appraisal values mainly reflected the application of rent escalation clauses and the rise in rental values in the prime segment of the Paris property market. Discount rates and exit capitalisation rates narrowed slightly, by an average of 12 bps and 3 bps respectively, in an unfavourable macroeconomic environment which reduced the prospect of rent indices increasing in future periods. The average EPRA topped-up net initial yield (NIY) was 3.8% at 30 June 2025, unchanged from 31 December 2024. The potential rental yield was 4.2% at 30 June 2025 (4.1% at 31 December 2024). Development pipeline offering a €79.0 million annual reversionary potential At 30 June 2025, the portfolio's total reversionary potential (vacant space, pipeline properties, lease renegotiations) was estimated at around €79.0 million per year. The sharp €13 million increase compared with 31 December 2024 was mainly due to the departure of GRDF from the Condorcet building and McKinsey from 90 Champs-Elysées. By efficiently anticipating these departures, SFL was able to begin redeveloping the two properties as soon as the tenants handed back the keys. Pipeline properties mainly comprise the following projects: Renovation of the Haussmann Saint-Augustin building (around 12,600 sq.m.). Following the departure of the tenant (WeWork) on 30 June 2024, work has been undertaken to improve the quality of the service areas and the organisation of the office floors. The first new tenant is preparing to move in on 1 October 2025. Redevelopment of the Scope office building on Quai de la Râpée in Paris (around 22,700 sq.m.). Preparatory work for the redevelopment project was launched in September 2022 and redevelopment work began in August 2024, with delivery scheduled for summer 2026. Redevelopment of the Condorcet building (around 25,000 sq.m.). GRDF moved out of its former headquarters building at the end of January 2025, allowing work to begin on the restructuring of the building for delivery in 2027. Capitalised work carried out in the first half of 2025 totalled €61.1 million, including the above three projects for a combined amount of €42.6 million and refurbishment of complete floors and common areas, mainly in the Cézanne Saint-Honoré, 103 Grenelle, Louvre Saint-Honoré and Edouard VII buildings. A stronger financial structure SFL continued to adapt its financial structure in preparation for the planned merger with Colonial, taking advantage of the liquidity offered by its shareholder: In February 2025, undrawn confirmed credit lines for a total nominal amount of €485 million were cancelled (leaving undrawn confirmed credit lines of €1,085 million at 30 June 2025); In May 2025, the €500 million bond issue that matured during the same month was refinanced by drawing down a long-term intra-group loan for the same amount; In June 2025, interest rate hedges on a notional amount of €300 million were unwound in advance, after which, 81% of the Group's debt was at fixed rates or converted to fixed rate using hedging instruments, compared with 80% at 31 December 2024. During the period, the average maturity of debt was extended from 3.3 years at 31 December 2024 to 3.8 years at 30 June 2025. Net debt at 30 June 2025 amounted to €2,808 million compared to €2,660 million at 31 December 2024, representing a loan-to-value ratio of 34.3% including transfer costs. At the same date, the average cost of debt after hedging was 2.2% and the interest coverage ratio (ICR) was 3.7x. Strong revenue growth in a still uncertain environment Rental income up 6.3% like-for-like First-half 2025 consolidated rental income totalled €122.6 million, up €1.0 million or 0.8% from the €121.6 million reported for the same period of 2024. The very limited change, which was expected, was due to the combined effect of: The €7.0 million year-on-year net decline in revenues, with major pipeline projects at the Haussmann Saint-Augustin and Condorcet buildings leading to €7.6 million in 'lost' rental income. The recognition in first-half 2025 of penalties received from tenants for breaking their leases, partly offset by the cancellation of the related rent accruals in the IFRS financial statements, which added a net €1.0 million to rental income for the period versus first-half 2024. Rent increases (excluding all changes in the portfolio affecting period-on-period comparisons), which boosted rental income by €7.0 million or 6.3%, reflecting: (i) the €3.3 million positive impact of applying rent escalation clauses; (ii) pre-marketing of offices vacated before the end of the original lease, which were taken up by other tenants that needed more space (mainly in Washington Plaza and Edouard VII), a proactive asset management initiative that enabled SFL to capture the offices' reversionary potential earlier than expected (€2.7 million positive impact) and; (iii) the positive contribution from property management contracts related to the Edouard VII and # properties (approximately €1.0 million). Adjusted operating profit (i.e., operating profit before disposal gains and losses and fair value adjustments to investment property) down 1.5% to €108.2 million in first-half 2025, from €109.8 million in the year-earlier period. Higher net profit despite the increase in finance costs Positive fair value adjustments to investment property amounted to €7.2 million in first-half 2025 compared with positive adjustments of €27.4 million in the year-earlier period. Net finance costs stood at €30.9 million in first-half 2025, vs €28.3 million in the same period of 2024, representing an increase of €2.6 million. Excluding non-recurring items, mainly the cost of unwinding hedging instruments and unused confirmed credit lines, recurring financial expenses fell by €2.1 million. The Group recorded a net tax benefit of €30.3 million in the first half of 2025, compared with a benefit of €23.6 million in the year-earlier period. These non-recurring items relate to the election for SIIC status by the last three entities holding property assets, which were previously still subject to corporation tax (elections by SAS Pargal in 2024 and SAS Parhaus and SAS Parchamps in 2025). After taking account of these key items, EPRA earnings came in at €64.5 million in first-half 2025 (€60.1 million in first-half 2024), representing €1.50 per share, up 7.2% on the prior-year period. The Group recorded attributable net profit of €100.0 million during the period (€76.7 million in first-half 2024). EPRA Net Asset Value stable overall, taking into account a dividend payout of €2.85/share At 30 June 2025, EPRA Net Tangible Assets (NTA) stood at €85.0 per share (€3,657 million in total, down 3.2% vs 31 December 2024) and EPRA Net Disposal Value (NDV) was €86.0 per share (€3,701 million, down 1.0% vs 31 December 2024), after payment of a dividend of €2.85 per share in April 2025. Lastly, the election of SAS Parhaus and SAS Parchamps for SIIC status during the first half of the year, with retroactive effect from 1 January 2025, reduced EPRA NTA by €66.8 million and increased EPRA NDV by €30.5 million. Ownership structure The following stages in the planned merger with Inmobiliaria Colonial were completed during the first half of 2025: The merger agreement was signed and approved by the Colonial and SFL Boards of Directors; The proposed merger was approved by SFL and Colonial shareholders at the General Meetings held in April and May 2025 respectively. The French regulatory formalities were completed. Subject to successful completion of the Spanish formalities in September 2025, the merger is expected to be completed in October 2025. EPRA indicators 31/12/2024 30/06/2025 EPRA NRV (€m) 4,218 4,128 /share €98.2 €96.0 EPRA NTA (€m) 3,779 3,657 /share €88.0 €85.0 EPRA NDV (€m) 3,739 3,701 /share €87.0 €86.0 EPRA Net Initial Yield (NIY) 2.9% 3.0% EPRA topped-up NIY 3.8% 3.8% EPRA Vacancy Rate 0.5% 0.7% Expand 31/12/2024 30/06/2025 LTV 32.9% 34.3% 100%, including transfer costs EPRA LTV (including transfer costs) 100% 35.3% 36.5% Attributable to SFL 40.7% 41.8% EPRA LTV (excluding transfer costs) 100% 37.6% 39.1% Attributable to SFL 43.3% 44.7% Expand Alternative Performance Indicators (APIs) EPRA Earnings API EPRA NRV/NTA/NDV APIs € millions 31/12/2024 30/06/2025 Attributable equity 3,642 3,623 Treasury shares 0 0 Fair value adjustments to owner-occupied property 35 33 Unrealised capital gains on intangible assets 4 4 Elimination of financial instruments at fair value 9 5 Elimination of deferred taxes 97 0 Transfer costs 431 463 EPRA NRV (Net Reinstatement Value) 4,218 4,128 Elimination of intangible assets (4) (4) Elimination of unrealised gains on intangible assets (4) (4) Elimination of transfer costs* (431) (463) EPRA NTA (Net Tangible Assets) 3,779 3,657 Intangible assets 4 4 Financial instruments at fair value (9) (5) Fixed-rate debt at fair value 62 45 Deferred taxes (97) 0 EPRA NDV (Net Disposal Value) 3,739 3,701 Expand * Transfer costs are included at their amount as determined in accordance with IFRS (i.e., 0). Net debt API More information is available at About SFL A benchmark player in the prime segment of the Parisian commercial real estate market, Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at €7.7 billion and is focused on the Central Business District of Paris (# Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies. As France's oldest property company, SFL demonstrates year after year an unwavering commitment to its strategy focused on creating a high value in use for users and, ultimately, substantial appraisal values for its properties. With its sights firmly set on the future, SFL is committed to sustainable real estate with the aim of building the city of tomorrow and helping to reduce carbon emissions in its sector. Stock market: Euronext Paris Compartment A – Euronext Paris ISIN FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA S&P rating: BBB+ stable outlook

Football club near Glasgow votes on plans for historic move
Football club near Glasgow votes on plans for historic move

Glasgow Times

time21-07-2025

  • Business
  • Glasgow Times

Football club near Glasgow votes on plans for historic move

It is hoped the new Arthurlie FC facility will be built in the vicinity of Barrhead's Crossmill Business Park. Founded in 1874, the club is currently based at Dunterlie Park and plays in the West of Scotland Football League First Division (WoSFL). The vote was taken at an extraordinary general meeting held by the club earlier this month. (Image: Newsquest) A statement released by Arthurlie said: 'Arthurlie FC would thank all members for their attendance, participation and votes on the club's proposal to relocate to a new build stadium in the vicinity of Crossmill Business Park. 'With many valued view points discussed and many queries answered, we are delighted to confirm that the membership voted overwhelmingly in favour of the proposal to relocate to a new facility. 'This allows the committee to progress the already substantial work being done, to the next stage and brings about the opportunity to bring the club into a fantastic new modern era, with a brand new facility that meets criteria for future progression.' READ NEXT: 'Enough is enough': Residents fed-up with works causing traffic gridlock Arthurlie moved to their third and current Dunterlie Park in 1919. Located on the south-eastern side of Barrhead railway station line, the ground originally had a pavilion in the northern corner of the pitch and banking behind the southern goal and on the western side of the pitch. Towards the end of the 1928–29 season the club dropped out of the SFL (Scottish Football League) due to financial difficulties. The last SFL game was played at Dunterlie Park on March 30, 1929 and the club folded later in the year, reforming as Arthurlie Amateurs, and again as Arthurlie in 1930. The new club continued to play at Dunterlie Park in Junior football. 'The love for Dunterlie in its current guise is not lost on any of us though, as can be seen with the substantial works that have been and continue to be carried out around the ground ahead of the exciting new season in the WoSFL Premiership,' added the statement. 'Whilst the next chapter in the club's history is being written, it is important that we collectively work to ensure that the club is in the best overall position that it can be as our story progresses.'

SFL – Real Estate Excellence, the Key to Market Appeal
SFL – Real Estate Excellence, the Key to Market Appeal

Yahoo

time01-07-2025

  • Business
  • Yahoo

SFL – Real Estate Excellence, the Key to Market Appeal

10,300 sq.m. let since the start of the year, at record rents PARIS, July 01, 2025--(BUSINESS WIRE)--Regulatory News: Since the start of the year, SFL's (Paris:FLY) volume of completed lettings has remained high in a market shaped by relatively lower take-up rates. In all, nine leases were signed during the period, including four rollovers, on some 10,300 sq.m. of office space at record rents. The average nominal rent for these leases topped €1,000/sq.m. for a non-cancellable period of 7.2 years and a below-market incentive rate of 14.1%. Aude Grant, SFL's Chief Executive Officer, commented: "These rental performances reflect the level of quality and rigour that goes into each of our renovation and redevelopment projects, to ensure that they meet the highest technical, design and environmental standards sought by companies committed to offering their employees the best possible working environment. Companies understand the essential role of the office as a worklife environment that fosters social interaction and collective intelligence. Homeworking may well be here to stay, but it is generally limited to around two days a week, disproving earlier claims that the office was becoming a thing of the past! Employees enjoy being able to work from home for part of the week, but what they really want is greater freedom and a more meaningful work experience. Today, one manager in two considers the office to be a decisive criterion in their choice of employer. In light of these changing expectations, the choice of office property has become a strategic decision no longer dominated by technical considerations". As a general rule, prospective tenants looking for high quality office space also expect very high quality amenities. Virginie Krafft, SFL's Commercial Director, explained: "Our expertise in planning critical service areas where employees can meet and exchange ideas involves working closely with interior designers to create spaces that are both pleasant and functional, inspired by the timeless design codes used in hotels. Beauty is no longer a superfluous luxury, but a demonstration of commitment. Our data – taken from our ParisWorkplace survey – shows a clear correlation between employees' perception of their offices' attractiveness and their level of well-being. Employees who appreciate their office's aesthetic appeal give their well-being at work a score of 8.7, compared with 5.8 for those who do not like their offices. Today, the office needs to be more attractive than the home: it has to be appealing, embody an identity and reflect values. That's why hotel industry codes – volumes, design, services – are making a remarkable entry into the office world". The latest transactions illustrate this ongoing drive to maintain high standards: Louvre Saint-Honoré: this iconic asset is home to the Cartier Foundation for Contemporary Art, which is due to open to the public by October 2025. After five years of major redevelopment work, it was time for the offices to undergo a makeover. Firstly, by creating a full service centre that is both warm and elegant, made possible through the talent of interior designer Ana Moussinet. Then, by extensively modernising the office space, not only from a technical point of view, but also from an environmental and, of course, aesthetic perspective. Repositioning the offices in the prime segment of the market has not just benefited the current occupants, but also attracted new tenants from a wide variety of business sectors. The most recent lease concerns 1,600 sq.m., let for a 9-year non-cancellable period at a rent of €1,125/sq.m. Haussmann Saint-Augustin: After negotiating the early departure of WeWork from the entire 12,000 sq.m. of office space, SFL launched a renovation programme designed by Studios Architecture. The reception area, the office floors and the service areas have been redesigned in line with SFL standards to bring out the full potential of the asset, with the creation of a café opening onto a landscaped courtyard, an auditorium, a public access reception area, shared meeting rooms, as well as a gym and a bike park. Each of these spaces are popular among companies and their employees. The first new tenant to be won over by this new setting was a law firm, signing a 9-year non-cancellable lease on around 2,000 sq.m. at a rent of €1,050/sq.m. 103 Grenelle: as the only business centre on the Left Bank, 103 Grenelle attracts a varied clientele from sectors as diverse as fashion, finance, consultancy and ICT. Here again, the quality of services has guaranteed the satisfaction of existing tenants (as reflected in the decisions of Amiral Gestion and Atalante to roll over their leases on a total of some 2,000 sq.m.) and attracted new companies such as BPRI, which has signed a 6-year non-cancellable lease on almost 700 sq.m. The same is true of our other major business centres, such as Washington Plaza, where available space has once again been pre-let with Citadel's take-up of some 1,900 sq.m. under a 6-year non-cancellable lease, and the rollover of 3i Gestion's lease on over 700 sq.m. for a further 6 years. In the Edouard VII complex, Stream has rolled over its lease on over 700 sq.m., and AFG has taken up 1,100 sq.m. under a 9-year non-cancellable lease, confirming the complex's alignment with market demand. About SFL Leader in the prime segment of the Parisian commercial real estate market, Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at €7.6 billion and is focused on the Central Business District of Paris (# Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies. As France's oldest property company, SFL demonstrates year after year an unwavering commitment to its strategy focused on creating a high value in use for users and, ultimately, substantial appraisal values for its properties. With its sights firmly set on the future, SFL is committed to sustainable real estate with the aim of building the city of tomorrow and helping to reduce carbon emissions in its sector. Stock market: Euronext Paris Compartment A – Euronext Paris ISIN FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA S&P rating: BBB+ stable outlook View source version on Contacts SFL - Thomas Fareng - T +33 (0)1 42 97 27 00 - Sign in to access your portfolio

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