Covivio — Capital/Financing Update 2012

Apr 19, 2012

state-of-the-art

RELEASE

Paris, 19 April 2012

des RÈgions develops ^a 49,000 sq. ^m campus Thales in VÈlizy-Villacoublay

des RÈgions and Thales have strengthened their partnership with ^a newly designed urban office campus spanning 49,000 square metres on Avenue Morane Saulnier in VÈlizy-Villacoublay. Thecampus represents the natural progression of ^a partnership begun in ²⁰⁰³ and will be leased

Thales under ^a nine-year contract following completion in mid-2014. The announcement made by the two parties is proof of the attractiveness of this office market. The project represents an investment of Ä192 million, including ^a Ä110 million six-year financing agreement

with two German banks.

Christophe Kullmann, Chief Executive Officer of FonciËre des RÈgions: "The campus project, dubbed 'New VÈlizy', reflects the success of the real-estate partnership model embraced by FonciËre des RÈgions, which focuses on developing new buildings for major companies based on long-term leasing contracts in flourishing office property markets. New VÈlizy is connected to the capital and is in tune with its environment. It mirrors the quality of FonciËre des RÈgions' partnershipwith its major tenants and is perfectly in line with our strategy."

appeal and ^a solid partnership model

The New ^VÈlizy campus will be ^a central feature of the second-largest service sector hub in the Paris region and is just a stone's throw from the future T6 tramline. This high-profile project confirms the site's appeal to high-tech companies seeking accessibility, flexibility and visibility. FonciËre des RÈgions will create an innovative, efficient workspace forThales in line with its

strategy of providing turnkey leasing solutions for major tenants at the ^VÈlizy-Villacoublay site. FonciËre is committed to first-class, responsible real estate, and has designed an eco-campus that is fully compliant with ²⁰¹² thermal regulations, meeting both HQE and BREEAM standards. ^A

prime real-estate project

Designed by Di Fiore Architecture & AssociÈs, the campus comprises three buildings and ^a range of services catering to some 2,000 people. The main entrance gives onto a huge, secluded, landscaped courtyard. It leads into an open-air thoroughfare providing ground-level access to the different buildings and a range of services including restaurants, business centre, gym, showroom, concierge service and modular auditorium seating 400 people. Buildings on the New ^VÈlizy campus nestle in landscaped surroundings and feature accessible terraces. To promote comfort and ensure an optimal work environment, FonciËre des ^RÈgions paid close

attention to interior space, which was designed and decorated by Saguez & Partners. Secure

financing and ^a long-term outlook

The quality of the project and the partnership has already secured financing for the development through ^a Ä110 million borrowing facility provided by two German banks over ^a period of six years. FonciËre des RÈgions owns extensive real estate on the ^VÈlizy-Villacoublay site. Its ample

property assets put it in a position to help major accounts pursue their real-estate projects now and in the future.

Contact ^GÈraldine Lemoine Tel: + 33 (0)1 58 97 51 00 geraldine.lemoine@fdr.fr

Relations Philippe Le Trung Tel: + 33 (0)1 58 97 52 04 philippe.letrung@fdr.fr ^SÈbastien Bonneton

Tel: + 33 (0)1 58 97 52 44 sebastien.bonneton@fdr.fr

des RÈgions, fonciËre partenaire

^A partner for corporate real estate strategy, FonciËre des RÈgions works alongside businesses to design sustainable and innovative real estate solutions with a dual objective: to enhance the value of the existing urban property portfolio and to design tomorrow's real estate. FonciËre des RÈgions owns and manages assets valued at ^Ä9 billion, leased mainly to major

accounts who are leaders in their sector, including Suez Environnement, Thales, Dassault SystËmes, France TÈlÈcom, Edf, IBM and Eiffage. This responsible partnership culture relies on key values and skills: vision, partnership and expertise. FonciËre des RÈgions is listed on Euronext Paris compartment ^A (FR0000064578 - FDR) and is

eligible for the SRD deferred settlement service. FonciËre des RÈgions is included in the MSCI, SBF120, Euronext IEIF "SIIC France", CAC Mid100 indices, in the European benchmark real estate indices "EPRA" and "GPR 250", and in the "FTSE4 Good" ethical index.

www.foncieredesregions.fr