Altarea

M&A Activity • Dec 22, 2021

Altarea announces the creation of the Alta Retail parks fund

In accordance with the partnership agreements announced last June¹ with Crédit Agricole Assurances concerning €1.0 billion of investments in assets held by Altarea, Altarea announces today the creation of the Alta Retail parks fund.

Altarea has sold 49% of a portfolio of nine French retail parks² . These assets represent a combined surface area of 212,000 sqm, generate €30 million in gross annual rental income, welcome more than 30 million visitors per year and generate total tenant revenue of around €548 million including taxes in 2019.

The transaction highlights the relevance of the retail park model in the current context. These assets have strong local roots and have been able to adapt to current trends by changing their merchandising mix. Investors can anticipate cash flows based on mostly national brands with a long history in retail.

Altarea will continue to control and manage these assets.

ABOUT D'ALTAREA - FR0000033219 - ALTA

Altarea is the leading property developer in France and leader in the urban transformation market. As both developer and investor, the Group operates in the three main property markets (Retail, Residential and Business Property), making it the leading developer of large mixed-use urban renewal projects in France. The Group has the required expertise in each sector to design, develop, market and manage made-to-measure property products. Altarea is listed in Compartment A of Euronext Paris. www.altarea.com

Eric Dumas, Directeur Financier edumas@altareacogedim.com, tel : + 33 1 44 95 51 42

Nathalie Bardin, Directrice Marketing, Stratégique, RSE et Innovation nbardin@altarea.com, tel : 06 85 26 15 29

FINANCE CONTACTS COMMUNICATION CONTACT

Agnès Villeret, Relations presse – KOMODO agnes.villeret@agence-komodo.com, tél : +33 6 83 28 04 15

Nicolas LEVIAUX Responsable relations media Groupe nleviaux@altarea.com, tel : 01 56 26 70 86 / 07 60 75 17 14

DISCLAIMER - This press release does not constitute an offer to sell or solicitation of an offer to purchase Altarea shares. For more detailed information concerning Altarea, please refer to the documents available on our website www.altarea.com. This press release may contain certain forward-looking statements that are based solely on information currently available and are only valid as of the date of this document. They are not guarantees of the Altarea Group's future performance. While Altarea believes that such statements are based on reasonable assumptions at the date of publication of this document, they are by nature subject to risks and uncertainties which are unknown or that Altarea is unable to predict or control which may lead to differences between real figures and those indicated or inferred from such statements. This press release must not be published, circulated, or distributed, directly or indirectly, in any country in which the distribution of this information is subject to legal restrictions.

¹ See press release of 30 June 2021, "Altarea and Crédit Agricole Assurances announce new partnership covering retail assets worth €1 billion", available at altarea.com.

² Les Portes de Brest Guipavas, Family Village Costières Sud à Nîmes, Family Village Les Hunaudières au Mans-Ruaudin, Les Portes d'Ambresis à Villeparisis, Castorama à Pierrelaye, Thiais Village à Thiais, Family Village à Limoges, Family Village and outlet store à Aubergenville.