COVIVIO (EPA:COV) - Covivio: off-plan purchase of a building of 25,600 m² in the business district of Malakoff-Montrouge-Châtillon.

Transparency directive : regulatory news

19/12/2018 18:36

PRESS RELEASE

Paris, 19 December 2018

Covivio completes off-plan purchase of a building of 25,600 m2 in the business
district of Malakoff-Montrouge-Châtillon

Covivio has announced the acquisition of a building of 25,600 m2, located
avenue de la République in Châtillon, in an off-plan purchase from AXA IM -
Real Assets, acting on behalf of clients, worth EUR121m (ex. fees). Called
"IRO", the building is being developed by Marignan from an architectural
blueprint devised by Ateliers 234.

The IRO building is directly accessible by public transport (metro L13, tramway
T6 and the future "Grand Paris" L15 in 2025) and enjoys a strategic location in
the heart of Greater Paris. The operation was launched in May 2018 and delivery
is expected in early 2020.

A premium location and a prized hub for key accounts

The Malakoff-Montrouge-Châtillon hub is today one of the most attractive
service business areas in the Greater Paris project. With a total of over 1
million square metres, the hub is in great demand with key accounts (relocation
of the Crédit Agricole campus, EDF, Edenred, Orange, Pfizer, Insee...) that
are looking for new or redeveloped offices. At the end of June 2018, the zone,
where only 11% of the facility is actually new surface area, was posting an
historically low vacancy rate of under 6%. In this setting, IRO has the benefit
of a particularly advantageous delivery schedule: the operation will be one of
the very few offers of over 5,000 m2 available in this sector.

25,600 m2 for living and working with a full suite of high-end services
IRO stretches over 5 levels, around 4 landscaped patios and a huge garden. The
building has 2 separate lobbies, flexible and divisible full floors of over
4,000 m2, a business centre and 380 parking spaces. In terms of services and
everyday convenience, IRO offers a wide range of spaces: 3,500 m2 of terraces
and gardens including a rooftop, a business restaurant with a capacity of 1,200
places, a coffee-shop with a connected e-lounge area, and a concierge service.
The introduction of a fitness and wellness centre is also possible.
In line with Covivio's sustainable development ambitions and objectives, the
building will be certified to the highest industry standards such as BREEAM
Excellent, NF HQE Very Good, WiredScore Gold, and BiodiverCity.

"With this acquisition, Covivio is consolidating its presence in the major
business hubs of Greater Paris, particularly in the business district of
Malakoff-Montrouge-Châtillon. IRO is perfectly in line with user expectations
and is located in a particularly attractive area, as such it will stand out as
one of the new showcases for quality of portfolio and service offering from
Covivio," emphasised Olivier Estève, Deputy CEO of Covivio.

Key figures in the operation:
- building of 25,600 m2 over 5 levels;
- 3,500 m2 of terraces and gardens with a rooftop terrace;
- flexible and divisible full floors of over 4,000 m2;
- depth of full floors: between 13 and 18 metres;
- height between raised floors/suspended ceilings: 2.7 m for offices, 3.2 m on
the ground floor.

CONTACTS

Press Relations
Géraldine Lemoine
Tél : + 33 (0)1 58 97 51 00
geraldine.lemoine@covivio.fr

Laetitia Baudon
Tél : + 33 (0)1 44 50 58 79
laetitia.baudon@shan.fr

Investor Relations
Paul Arkwright
Tél : + 33 (0)1 58 97 51 85
paul.arkwright@covivio.fr

ABOUT COVIVIO

Thanks to its partnering history, its real estate expertise and its European
culture, Covivio is inventing today's user experience and designing tomorrow's
city.
A preferred real estate player at the European level, Covivio is close to its
end users, capturing their aspirations, combining work, travel, living, and
co-inventing vibrant spaces.

A benchmark in the European real estate market with EUR23Bn in assets, Covivio
offers support to companies, hotel brands and territories in their pursuit for
attractiveness, transformation and responsible performance.

Its living, dynamic approach opens up exciting project and career prospects for
its teams.

Covivio's shares are listed in the Euronext Paris A compartment (FR0000064578 -
COV), 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, EPRA BPRs Gold
Awards (financial + sustainability), CDP (A-), Green Star GRESB and in the ESG
FTSE4 Good, DJSI World & Europe, Euronext Vigeo (World 120, Eurozone 120,
Europe 120 and France 20), Euronext(r) CDP Environment France EW, Oekom,
Ethibel and Gaïa ethical indices.

Covivio is rated BBB/Positive outlook by Standard and Poor's.

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COVIVIO (EPA:COV) - Covivio: off-plan purchase of a building of 25,600 m² in the business district of Malakoff-Montrouge-Châtillon.

Transparency directive : regulatory news

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