Foncière des Régions in Lyon: the launch of Silex² and an investment partnership with Assurances du Crédit Mutuel

PRESS RELEASE

Paris, 21thNovember 2017

Foncière des Régions announces the launch of the Silex² project in Lyon Part-Dieu, France's second- largest business district. This 30,900 m² redevelopment programme, including a 15,600 m² extension, is one of the flagship projects in the renovation of La Part-Dieu and a new showcase for Foncière des Régions' know-how. Representing a total investment of €166 million, this project, for which letting is underway, will be delivered in late 2020.

As a key player in office real estate, Foncière des Régions has a historical presence in the Lyon metropolitan area. Foncière des Régions has owned a plot of land at the heart of the La Part-Dieu district since 2001, which was previously occupied by the EDF and ENEDIS (formerly ERDF) teams. In 2014, it decided to embark upon an ambitious regeneration programme for this plot.

This regeneration comprises two projects: Silex1, the demolition-reconstruction of a 10,700 m² premium office building delivered in early 2017 and already fully leased to BNP Paribas, Nextdoor and Axxes, and Silex2, the transformation of the former EDF tower into an ultra-connected building housing 30,900 m² of offices and services. This programme aims to provide La Part-Dieu with a unique office offering, combining high-quality space, innovative services, technical performance and flexibility to meet users' needs.

Buoyed by the success of the operation to lease Silex1and given the solid fundamentals of the office market at La Part-Dieu and the dynamic economy in the Lyon metropolitan area, Foncière des Régions is launching the Silex² project without prior lessees.

Work will begin by the end of the year with delivery scheduled for late 2020.

Situated 200 metres from the Lyon Part-Dieu railway station, the complex will comprise two buildings with a capacity of 2,500 people. Under the Ma Architectes and Arte Charpentier banner, the architectural concept has been designed to renovate and extend the existing tower, a landmark in the Lyon skyline, thereby enabling the increase of its surface area. Consisting of both working spaces and living spaces focused on collective efficiency, Silex² will offer its occupants a wide range of services: a company restaurant, cafeteria, convenience store, waited table service brasserie on the 21stfloor, a multi-service concierge facility, a 140-seat auditorium, a wellness area and, on the ground floor, an active 300 m² commercial area integrated into city life.

Responding to new expectations and ways of working, Silex² will in particular offer flexible office and coworking spaces, designed and managed by Foncière des Régions. These spaces, demonstrating the Group's ability to design innovative solutions adapted to customers' expectations and their transformation requirements, will be available to the tower's occupants and their ecosystems, as well as to start-ups and VSEs in the local area. With HQE Excellent and BREEAM Excellent certification, Silex² will offer 1,700 m² of terraces and landscaped areas designed notably to provide agricultural urban spaces. Lastly, all services provided at Silex² will be grouped together in a single mobile app that will enable users to manage the comfort of their workstation from their smartphone.

Silex² is currently being considered by a number of potential users with whom discussions are underway. BNP Paribas RE, CBRE and Cushman & Wakefield are working together to market the complex.

Foncière des Régions has also announced the sharing of the Silex1and Silex2buildings with Assurances du Crédit Mutuel under a 50,1%/49,9% investment partnership. Staying true to its culture, with this partnership, Foncière des Régions is providing itself with the resources to continue its development in the most dynamic major cities, while being supported by leading long-term financial partners.

"The Silex project allows Foncière des Régions to express its vision of tomorrow's real estate, ever-more responsible, respectful of the environment and its occupants, open to the town and resolutely focussed on collective performance. Present for many years in the dynamic region of Greater Lyon, today we are confirming our commitment alongside the public authorities to making an active contribution to urban regeneration", commentsChristophe Kullmann, Chief Executive Officer of Foncière des Régions.

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Foncière des Régions, co-author of real estate stories

As a key player in real estate, Foncière des Régions has built its growth and its portfolio on the key and characteristic value of partnership. With a total portfolio valued at €21Bn (€13Bn in group share), located in the high-growth markets of France, Germany and Italy, Foncière des Régions is now the recognised partner of companies and territories which it supports with its two-fold real estate strategy: adding value to existing urban property and designing buildings for the future.

Foncière des Régions mainly works alongside Key Accounts (Orange, Suez Environnement, EDF, Dassault Systèmes, Thales, Eiffage, etc) in the Offices market as well as being a pioneering and astute operator in the two other profitable sectors of the Residential market in Germany and Hotels in Europe.

Foncière des Régions shares are listed in the Euronext Paris A compartment (FR0000064578 - FDR), are admitted to trading on the SRD, and are included in the composition of the MSCI, SBF 120, Euronext IEIF "SIIC France" and CAC Mid100 indices, in the "EPRA" and "GPR 250" benchmark European real estate indices, and in the ESG FTSE4 Good, DJSI World & Europe, Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20), Oekom, Ethibel and Gaïa ethical indices.

Foncière des Régions is rated BBB/Stable by Standard and Poor's. www.en.foncieredesregions.fr

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