Official information - Press release

ATENOR LAUNCHES ITS FIRST OFFICE PROJECT IN THE PARIS REGION

La Hulpe, 4 July 2017

ATENOR will be acquiring, through its French subsidiary, subject to the issuing of the deed of sale on 7 July 2017, a site of approximately 7,000 m² on ground level located in the Péri-Défense market in Paris (France) at Bezons, on the edge of the Seine.

The seller of the site is SEQUANO Aménagement, a French semi-public company active in development and construction. The site has a building permit for an office building developing approximately 32,500 m² above ground.

For this development, ATENOR has set up an office in Paris. The project will be executed in partnership with a company under the umbrella of the directors of HRO, a reputed French Project Management company that has developed around 600,000m² over the last 20 years, mainly in the Péri-Défense sector. ATENOR will hold 95% of the joint venture.

The site accessibility is excellent, both by public transport (including the T2 tram at the foot of the site, connecting it to La Défense in 12 minutes and to the Gare de Garenne Colombes in 7 minutes), and by road (at the exit of the A86 motorway).

ATENOR plans to submit a new building permit application, as soon as possible, enhancing the building currently authorised, in particular in sustainable development terms, to then start building as soon as the permit is obtained. This is being done to attract the interest of Péri-Défense market in large new buildings, with high energy performance, in a high-quality setting (the site is on the edge of the Seine), at very competitive prices compared to the La Défense market.

This acquisition fits perfectly into ATENOR's strategic evolution, aiming to increase its business in Europe's most dynamic metropolitan markets.

Financial Calendar

  • Half-year's results 2017 31 August 2017

  • Intermediate declaration of the first quarter of 2017 15 November 2017

  • Publishing of the annual results 2017 8 March 2018

  • General Meeting 2017 27 April 2018

Contact persons and Information

For further information, please contact Stéphan Sonneville s.a., CEO or Sidney D. Bens, CFO.

+32-2-387.22.99 - email: info@atenor.be - www.atenor.be

ATENOR is a real estate property promotion company quoted on NYSE Euronext Brussels. Through our urban planning and architectural approach, we aim to provide appropriate responses to the new requirements being imposed by developments in urban and professional life. Within this framework, ATENOR invests in large scale property projects meeting strict criteria in terms of location, economic efficiency and respect for the environment.

Reuters: ATE0.BR - Bloomberg: ATEB BB

Atenor Group SA published this content on 04 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 July 2017 15:59:04 UTC.

Original documenthttp://www.atenor.be/file/2170/download

Public permalinkhttp://www.publicnow.com/view/5AFBBCF593A28451717FA8358DFE90BC0B0F0769