MRM // 2021 Universal Registration Document

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Information on M.R.M.’s activities

Presentation of the Company

Despite the context, in 2021 the rental business was dynamic with 18 new leases or renewals of leases signed, covering a total of 10,300 Sqm and representing annual rents of €1.7 million. Among the leases signed, there were retail brands that create footfall and help to strengthen the brand mix, especially in the Valentin shopping centre in Besançon, the Aria Parc retail park in Allonnes, and at Sud Canal in Saint-Quentin-en-Yvelines. The retail portfolio generated net annualised rent (1) of €9.3 million as of 1 January 2022, compared to €9.1 million as of 1 January 2021, an increase of 2.0% at current scope and 5.6% at comparable scope. During the year, investments in the buildings in the portfolio, which mainly concern the Valentin shopping centre site, amounted to €2.8 million.

M.R.M. points out that its retail portfolio is covered by an investment plan of €35.5 million across seven of its nine existing asset lines. This plan, initiated in 2016, which aims to exploit the potential valuation of the retail assets, has now been fnalised. The launch of the different programmes has been staggered since 2016; the last and biggest of the programmes, namely the partial restructuring and extension of the Valentin shopping centre, was delivered in the frst half of 2021. The surface area of the mall next to the Carrefour hypermarket, the leader in the agglomeration of Besançon, thus grew from 4,100 Sqm to 6,700 Sqm, and the number of stores from 32 to 50. As of 31 December 2021 the mall had been 90% let, with a brand mix that had been enriched and adapted to the local young and family-oriented clientele.

3 BREAKDOWN OF THE PORTFOLIO (BY ASSET TYPE, LOCATION AND SURFACE AREA)

Property

Asset type Location Area (in Sqm)

Aria Parc, Allonnes (72) – ZAC du Vivier – route de la Bérardière Carré Vélizy, Vélizy-Villacoublay (78) – 2-4, avenue de l’Europe Sud Canal, Montigny-le-Bretonneux (78) – 41, boulevard Vauban Halles du Beffroi, Amiens (80) – place Maurice Vast Passage du Palais, Tours (37) – 19, place Jean Jaurès Centre commercial Valentin, École-Valentin (25) – 6, rue Châtillon Passage de la Réunion, Mulhouse (68) – 25, place de la Réunion

Retail park

Le Mans

12,804 11,673 11,604

Mixed complex Île-de-France Shopping centre Île-de-France

Shopping centre Shopping mall Shopping mall Shopping mall

Amiens

7,405 6,797 6,650 4,898 3,143 2,779 2,436 1,221 1,191 1,002

Tours

Besançon Mulhouse

Nozay (91) - Gamm Vert – ZA de la Butte

ISRP Île-de-France

Reims (51) – 2-10, rue de l’Étape

High street

Reims Centre Centre Centre Centre Centre Centre Centre

Romorantin (41) - Gamm Vert – ZAC de Plaisance

ISRP ISRP

Lamotte-Beuvron (41) - Gamm Vert – 9-11, avenue de l’Hotel de Ville

Brie-Comte-Robert (77) - Gamm Vert – ZI de La Haye Passart

ISRP Île-de-France

Onzain (41) - Gamm Vert –10, rue Lecoq

ISRP ISRP ISRP ISRP ISRP

Montoire-sur-le-Loir (41) - Gamm Vert – 23, rue de la Paix

901 676 629 605

Vierzon (18) - Gamm Vert – rue Étienne Dolet

Saint-Aignan (41) - Gamm Vert – 2, rue des Vignes

Cour Cheverny (41) - Gamm Vert – 24, boulevard Carnot

TOTAL

76,414

ISRP: independent suburban retail premises.

(1) Excluding transfer taxes, rent-free periods and support measures for tenants.

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M.R.M. 2021 UNIVERSAL REGISTRATION DOCUMENT