4.4 Legal risk - Scor

8 PROPERTY, PLANT AND EQUIPMENT
8.1 Major existing or planned property, plant and
equipment
SCOR owns offices in Paris (France), Cologne (Germany), London (U.K.), Singapore and Madrid (Spain), where its local
entities and subsidiaries have their corporate offices. Any surplus space is leased to third parties as part of SCOR's
investment management business. The Group leases office space for its other business locations. It leases space separate
from its head office for the purpose of safeguarding its data storage facilities for business continuity planning purposes. The
Group believes that the Group’s offices are adequate for its current needs.
SCOR owns in London at 10 Lime Street a 5.000 m² office and retail building. As at 31 December 2012, the building was
53% occupied by SCOR for its London Hub office. The remaining part was rented to third parties.
SCOR moved during Q2 2012 into its new office building in Paris, with more than 20.000 m² located at 5, avenue Kleber in
Paris 16, held by its OPCI (French real estate UCIT) SCOR-Properties, and occupied at 85% by SCOR, the remaining area
being rented to a third party (See section 20.1.6.5 Tangible assets and real estate investments). On 28 December 2012, the
lease of SCOR's former headquarters (La Défense, Paris), was terminated. Nevertheless, The Group is continuing to lease
one floor for IT projects.
In Cologne, SCOR moved during Q2 2012 into its new office building with more than 6.000 m² located at 10,
Goebenstrasse, held by the German branch of SCOR SE “SCOR Rückversicherung Direktion für Deutschland,
Niederlassung der SCOR SE“, and fully occupied by SCOR (See section 20.1.6.5 Tangible assets and real estate
investments).
SCOR also holds additional property investments as part of its asset management strategy.
For more information on the Group’s real estate investments, refer to Section 5.2.1 - Principal investments made over the
past three financial years, Appendix A – Unconsolidated corporate financial statements of SCOR SE Note 2.1 – Changes in
investments, Note 2.2 – Schedule of investments, Note 15 - Analysis of commitments given and received and Section 20.1.6
– Notes to the Consolidated Financial Statements, Note 5 – Tangible assets and real estate investments.
8.2 Environmental issues that may affect the
utilization of property, plant and equipment
Refer to the environmental report in Appendix D - Paragraph 4 – Environmental impact of SCOR’s activitie.
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