ALTAREA (EPA:ALTA) - Altarea Cogedim named as developer/investor for

Transparency directive : regulatory news

16/06/2016 17:49

PRESS RELEASE

                                                                June 16, 2016

   ALTAREA COGEDIM NAMED AS DEVELOPER/INVESTOR FOR THE "ISSY CUR 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.

                              (c)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 "Coeur 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 "Coeur de Ville" project and of Alain TARAVELLA, Chairman and Founder
of Altarea Cogedim.

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 Coeur 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 "Coeur 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 Coeur 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 "Coeur 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 EUR600 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 Coeur 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 Coeur 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 "Coeur 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 "Coeur 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," "Coeur 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.

"Coeur 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, "Coeur 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 "Coeur de Ville" project seeks to obtain NF-Habitat
HQE(r) certification for its housing units, and BEPOS, NF HQE(r) Bâtiment
tertiaire and BREEAM(r) certification for its office buildings. Shops will have
to be BREEAM(r) certified, extended by an advanced environmental approach with
all future stores. Furthermore, it will also seek to obtain the BiodiverCity(r)
label in recognition of its efforts to protect biodiversity. Coeur d'Issy will
be the first project in France to be WELL(r) 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.

The "Coeur de Ville" project has strong ambitions as a Smart District. Designed
to be an area for living, eating, playing and working, the new district will be
a smart oasis modeled on the city. A special "Coeur de Ville" application has
been designed to facilitate interaction and exchange between the inhabitants
through a neighborhood social network which encourages carpooling, public
transport, services between neighbors such as the sharing of parking places,
Autolib car sharing and more. This local application will also inform users
about recommended initiatives to use less energy and generate less greenhouse
gas.

PROJECT PARTNERS

About the City of Issy-les-Moulineaux
A city with a recognized vibrant economy, Issy-les-Moulineaux is known for its
determined, bold urban projects, stressing remarkable architecture, to better
serve its population and territory. An innovative city, Issy-les-Moulineaux has
demonstrated with its two eco-districts of Fort d'Issy and Bords de Seine, that
digital technology can be leveraged to improve the quality of life for
inhabitants and to make public services more efficient.

Contact
Nadège Moreira
Media Relations Officer
+33 (0)1 41 23 82 58
nadege.moreira@ville-issy.fr

About Caisse des Dépôts Group
Caisse des Dépôts and its subsidiaries are a French State-owned group,
long-term investor, focused on promoting public interest and the economic
development of territories. Its mission was reconfirmed by the French
modernization of the economy law of August 4, 2008. Recognized for its
expertise in the management of mandates, the Group focuses its action on four
strategic transitions for the long-term development of France: territorial,
ecological and energy, digital and demographic transitions.

http://www.caissedesdepots.fr

About Altarea Cogedim
Altarea Cogedim is a leading property group. As both a commercial land owner
and developer, it operates in all three classes of property assets: retail,
residential and offices. It has the know-how in each sector required to design,
develop, commercialize and manage made-to-measure property products. With
operations in France, Spain and Italy, Altarea Cogedim manages a shopping
center property portfolio of EUR4.5 billion. Listed in compartment A of
Euronext Paris, Altarea had a market capitalization of EUR2.3 billion at
December 31, 2015.

A few mixed-use projects under current development by the Group
IN BEZONS (95)
Winner of the competition for the construction of a mixed-use complex at Bezons
in May 2015, Altarea Cogedim and its partners will develop - over a 65,000 sqm
area of the Coeur de Ville urban development zone - 700 housing units and
20,000 sqm of retail and leisure outlets, together with a public parking area
for 600 cars. This mixed-use project addresses an urgent urban challenge for
the municipality, endeavoring to reinvent its city center to foster better
community living.

IN MASSY (91)
In March 2015, the first stone was laid at the construction site of the Place
du Grand Ouest project, launching this ambitious plan for Grand Paris,
developing an area of nearly 100,000 sqm. This mixed-use project includes the
creation of a multiplex movie theater, 700 residences and 8,000 sqm of retail
spaces including a food court, restaurants, a conference center, parking spaces
and more. It also meets what French people expect for an "ideal district of
tomorrow" as revealed by an IPSOS survey commissioned by Altarea Cogedim.

IN SCHILTIGHEIM (67)
The redevelopment plan for the former Fischer brewery designed by Altarea
Cogedim includes the revamping of the iconic malt house while retaining some
architectural forms with heritage value. Ultimately, all the 61,700 sqm will
constitute a genuine "city neighborhood," characterized by a diverse range of
uses and functions. The project intends to combine retail space, public
amenities, services, leisure and different types of housing: privately owned
housing, rented social housing, housing for young professionals and
intergenerational housing.

AT BORDEAUX-BELVEDERE (33)
To develop the 140,000 sqm of the new Bordeaux Belvédère district, the
largest development on the right bank of Bordeaux, EPA Euratlantique has
selected the Altarea Cogedim project. The project plans to build, at the heart
of the Bordeaux metropolis, an innovative complex offering all residents a high
quality of life. The goal is to make this district a great place to live by
working on both the general spatial planning of the neighborhood along the
river and on views and the landscape, optimizing the urban density and by
integrating the transport networks imposed by the bridge and the railway.

Contacts
Nathalie Bardin
Director of Institutional Relations,
Communications and Forward Planning
+33 (0)1 56 26 25 53 / + 33 (0)6 85 26 15 29
nbardin@altareacogedim.com

Valérie Jardat
Agence Côté Jardat
+33 (0)1 41 05 94 10 / +33 (0)6 12 05 18 35
valerie.jardat@cote-jardat.fr

About Valode & Pistre
Founded in 1980 by its current managers, Denis Valode and Jean Pistre, VALODE &
PISTRE is a leading French architectural firm that carries out projects
worldwide. For Denis Valode and Jean Pistre, the architectural project is a
social act focused on the user, an act of research and thought that makes every
project unique, an act of creation anchored deeply in its surroundings. "We are
mostly interested in creating buildings that could not have existed in any
other place. This gives meaning and roots to the architectural gesture." This
is why Valode & Pistre has surrounded its architectural activity with
engineering, design and urban planning structures and has, in addition to its
Paris head office, locations in Beijing, Shanghai, Moscow and Dubai. The firm
has completed more than 150 projects worldwide, including the Grand Stade
Pierre Mauroy stadium in Lille, the ENGIE Tower in La Défense, the Incity
Tower in Lyon, the Ekaterinburg Hyatt Hotel, the Souks Leisure Center in
Beirut, the Shenyang cultural center, the Air France head office in Roissy,
Beaugrenelle and Bercy Village in Paris.

www.v-p.com / communication@v-p.com

Contacts
Marine Gillain
Valode & Pistre architects
T: +33 (0)1 53 63 22 00
F: +33 (0)1 53 63 22 09
marine.gillain@v-p.com

*Study on The City of Tomorrow, 2014 >> Issy-les-Moulineaux >> section:
The digital city.

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