ALTAREA : named as developer/investor for the « Issy Cœur de Ville » project

CP ISSY COEUR DE VILLE 16062016 VDEF_EN PRESS RELEASE

June 16, 2016

ALTAREA COGEDIM NAMED AS DEVELOPER/INVESTOR FOR THE "ISSY CŒUR DE VILLE" 100,000 SQM CITY CENTER PROJECT IN ISSY-LES-MOULINEAUX Altarea Cogedim, in partnership with the architectural firm Valode & Pistre, won the tender organized by SARIVH (subsidiary of Caisse des Dépôts), for the assignment of the site previously used for the Orange Centre National d'Etude des Télécommunications (CNET) in Issy-les-Moulineaux.

©Valode & Pistre

This property complex will develop a genuine urban hub spread over 100,000 sqm designed around an urban parkland of 13 000 sqm, a 15,000 sqm new-generation retail offering, a digital creation center, 40,000 sqm of housing and 40,000 sqm of offices and public amenities including a school and an infant daycare center.

This exemplary new eco-district fully exploits digital technology to promote social interaction and harmonious community living. The "Cœur de Ville" project is an innovative response to present- day urban challenges.

The announcement was made by André SANTINI, former Minister, and Member of Parliament and Mayor of Issy-les-Moulineaux, in the presence of Pierre-René LEMAS, Chief Executive Officer of Caisse des Dépôts, at the presentation of the "Cœur de Ville" project and of Alain TARAVELLA, Chairman and Founder of Altarea Cogedim.

1

Issy-les-Moulineaux, a city of progress

Characterized by its economic and demographic growth, Issy-les-Moulineaux (Hauts-de-Seine department, France) is a major city in Greater Paris. For several years now, the city, whose population has grown by more than 25% in 15 years, has been actively implementing a major projects policy. Issy-les-Moulineaux is now home to many businesses. In recognition of the city's vibrant economic life and innovation capacities, several recent studies* have ranked Issy- les-Moulineaux among the top 5 French Smart Cities.

To participate in the city's ambitions to revamp and invigorate itself, Altarea Cogedim, backed by the architectural firm Valode & Pistre, will develop an innovative program tailored to today's new lifestyles. This mixed-use real estate project known as "Issy Cœur de Ville" addresses the development issues of Issy-les-Moulineaux while protecting the city's characteristic exceptional environment and quality of life. The project was prepared (as part of the local development plan) with the participation of all of the city's inhabitants - involved in the renovation of their space - who wanted more housing, more shops, and the creation of green links and green walkways, in particular.

"Issy-les-Moulineaux is a city in constant movement, an evolving city that does not want to be passive, but fiercely seeks to imagine the future and make it happen! The new "Cœur de Ville" eco-district - the third after Fort and Les Bords-de-Seine - will become a vibrant hub for the entire city and will strengthen our urban cohesion," says André SANTINI, former Minister and Member of Parliament and Mayor of Issy-les-Moulineaux.

"Issy Cœur de Ville": area of the future

The 100,000 sqm new city neighborhood will be built on the former site for Orange's Centre National d'Etude des Télécommunications (CNET). The release of the land, owned by Caisse des Dépôts, represents a genuine opportunity for the city and its inhabitants.

"As a shareholder of SARIHV, Caisse des Dépôts, the owner of the site, is glad to see the fulfillment of such an impactful project for the city of Issy-les-Moulineaux. SARIHV has transferred this real estate asset to Altarea Cogedim, which will develop an ambitious mixed- use project to address urban planning challenges in the very heart of the city with 100,000 sqm of housing, shops and offices following the departure of Orange," explains Pierre-René LEMAS, Chief Executive Officer of Caisse des Dépôts.

The strategic location of "Cœur de Ville," in the heart of the city and more specifically, a stone's throw from Place Paul-Vaillant-Couturier and from the City Hall square, is a huge advantage. The site is served by efficient public transport networks from the Corentin Celton and Mairie d'Issy metro stations, which represent critical advantages for the program, as they were essential to the creation of this new central point inside the city.

A new city hub for Issy-les-Moulineaux

The mixed-use project developed by Altarea Cogedim and its partners over more than 100,000sqm represents a total investment of €600 million. To limit disturbance from construction sites, the project will be carried out in a single phase.

"Our unique corporate model allows us to act as a partner to cities and metropolises, and is capable of creating and developing genuine city neighborhoods. Issy Cœur de Ville perfectly demonstrates this concept. Driven by the ambition that we share with the city of Issy-les- Moulineaux, we are offering an iconic mixed-use program of harmonious community life, combining city center housing, offices, retail space and high-quality digital and public areas. Thanks to our robust financial capacities, we are currently working on nine mixed-use projects throughout France, in Massy (91), Schiltigheim (67) and Bezons (95), three city neighborhoods under development. Issy Cœur de Ville constitutes a new major project implemented on behalf of the city of Issy-les-Moulineaux and its inhabitants, after that of Pont d'Issy, a new city gateway project," says Alain Taravella, Chairman and Founder of Altarea Cogedim.

"This project is an urban addition that genuinely brings fresh air into the city. The outdoor areas are landscaped, covered with trees and shrubs, and the buildings are situated and designed to create a very sunny city-center parkland," adds Denis Valode of the Valode & Pistre architectural firm.

Housing and offices designed for new uses

In recognition of the changing profile of families and evolving housing codes, Altarea Cogedim will develop 40,000 sqm of smart housing in this project. This project will encapsulate the know- how of the Cogedim brand in residential construction to address the new needs of inhabitants, while striving to best meet quality-of-life expectations.

The project also includes the development of around 40,000 sqm of positive energy offices. This tertiary component will enhance the metropolitan dimension of the district. The offering, tailored to a variety of needs, will offer areas adapted to the new, innovative ways of working, such as roaming or shared office space.

Cutting-edge, innovative retailing facilities, designed as a city center main street

A genuine city neighborhood for all inhabitants of Issy-les-Moulineaux, the retail offering of "Cœur de Ville" will propose an original positioning developed around nature, innovation and the shopping experience. A broad mix of midmarket and upmarket retailers will exist around innovative concepts. It will be a place of experimentation for brands and retailers that seek to promote alternative ways of relating to their customers. This selection of stores will combine a local offering and services that meet the needs of the people of Issy-les-Moulineaux, as well as next-generation concepts capable of attracting visitors and inhabitants from a wider area around the city. Altarea Cogedim will build a walkway extending over 15,000 sqm and spanning the shopping center and city center main street, an offering that will sum up the new aspirations of city dwellers.

Three major themes illustrate this desire for synthesis:

• Retailers that mainly offer personal goods, currently nonexistent in the city center of Issy-les-Moulineaux;

• A range of everyday, convenience retailers, comprising specialized food and beverage stores to supplement the offering from the farmers' market and the catering shops already present in the city center, and comprising services;

• High-profile concept food brands modeled on what is found in Bercy Village (Paris, France), focused on healthy and balanced food and mobile areas, such as food trucks, in tandem with the movie theaters and leisure activities.

Altarea Cogedim will be the sole operator of all stores present in "Cœur de Ville."

A lively space for the people of Issy-les-Moulineaux

The new neighborhood will be a vibrant urban hub with a movie theater, a variety of restaurants as well as a digital creation center. The digital creation center will host the community of creation and innovation players based in Issy-les-Moulineaux and will boost the digital momentum that is already very strong in the city on the scale of Grand Paris. 300,000 visitors are expected annually on the site, which is equipped with digital art exhibition rooms and co- working spaces.

With organized events 100 days a year, "Coeur de Ville" will host a range of cultural and commercial events through a public program that will offer a unique experience to all visitors to the site, in collaboration with the city and organizations.

A green lung in the heart of the city

Designed as a genuine, fully pedestrianized "nature district," "Cœur de Ville" will host a mix of housing, offices and retail activities inside an urban parkland of 13,000 sqm. A meeting point between users, the public areas in the center of the parkland will play a crucial role in the project. They will be the key to the success of this new Living City.

Designed as shared spaces for everyone, the public areas will offer an ideal location where inhabitants can meet, engage in dialogue or hold cultural events. A mixed-use program geared toward comfort and services to its inhabitants, the project includes the creation of an infant daycare center with 60 cradles and a school with eight classrooms.

"Cœur de Ville" will be a pedestrian district dedicated entirely to environmentally friendly means of transportation.

From eco-district to augmented city

While Issy-les-Moulineaux is particularly attentive to its environmental footprint, "Cœur de Ville" will focus on sustainable urban development and will be fully aligned with the city's corporate endeavors. Equipped with the first smart district network, Issy-les-Moulineaux takes advantage of digital technologies to pay particular attention to the energy use of its office buildings, housing units and public lighting. This system has won universal accolades and has allowed the city to rank among the top French "smart cities."

With this in mind, the "Cœur de Ville" project seeks to obtain NF-Habitat HQE® certification for its housing units, and BEPOS, NF HQE® Bâtiment tertiaire and BREEAM® certification for its office buildings. Shops will have to be BREEAM® certified, extended by an advanced environmental approach with all future stores. Furthermore, it will also seek to obtain the BiodiverCity® label in recognition of its efforts to protect biodiversity. Cœur d'Issy will be the first project in France to be WELL® certified at the district level in recognition of the project's health and well-being approach.

In order to improve the site's carbon balance and foster a circular economy, recycled materials will be used in the buildings and for the urban furniture.