MRM // 2021 Universal Registration Document

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General information on the issuer and its share capital

Consolidated nancial statements for the nancial year ended 31 December 2021

Description of investment properties

Date of acquisition

Gross lettable area (GLA) - Sqm Asset type

Property

Address

24-26, place Etienne Marcel 41, boulevard Vauban 78180 Montigny-le-Bretonneux

27/10/2004

11,604

Retail

Sud Canal

2, rue de l’Etape 51100 Reims

Reims

10/11/2004

2,779

Retail

25, place de la Réunion 68100 Mulhouse 17-19, place Jean Jaurès 37000 Tours Place Maurice Vast 80000 Amiens ZAC du Vivier, route de la Bérardière 72700 Allonnes

Passage de la Réunion

15/04/2005

4,898

Retail

16/06/2006 and 28/09/2007

Passage du Palais

6,797

Retail

Halles du Beffroi

31/08/2006

7,405

Retail

20/12/2005 and 20/06/2017

12,804

Retail

Aria Parc

6, rue Châtillon 25480 Besançon Ecole-Valentin 16-18, avenue Morane Saulnier 2-4, avenue de l’Europe 78140 Vélizy-Villacoublay

Valentin shopping centre

27/12/2007

6,650

Retail

Mixed Offces/ Retail

30/12/2005

11,673

Carré Vélizy

21/12/2017 and 27/05/2008

Gamm Vert portfolio

Multi-site

11,804

Retail

TOTAL

76,414

Appraiser fees The Group has its portfolio appraised twice a year by independent appraisers, on 30 June and 31 December. In accordance with the Group’s policy of rotating appraisers every fve years, the independent appraiser BNP Paribas Real Estate Valuation was appointed in 2020 to appraise the portfolio. The fees paid are determined on a flat-rate basis and amounted to €48 thousand for 2021, an amount identical to 2020. The fees are determined before the appraisal is carried out and are not proportional to the value of the assets appraised. For BNP Paribas Real Estate Valuation, the fees invoiced to the Group represent an insignifcant percentage of its revenue.

4.6 Assets held for sale

Accounting principles

Under IFRS 5, “assets” and “liabilities” that the Company has decided to sell and the carrying amount which will be recovered principally through a sale transaction rather than through continuing use are to be classified as “Assets held for sale” and “Liabilities held for sale”.

The “Assets held for sale” item includes all receivables on benefits granted to property tenants.

For the sale to be highly likely, an asset sale plan must have been undertaken, and an active programme for finding a buyer must have been launched. Properties in this category continue to be measured using the fair-value model as follows: • property under sale agreement: sale value in the sale agreement net of the costs and commission required to complete the sale; • property for sale: appraisal value excluding transfer taxes net of costs and commission required to complete the sale.

As of 31 December 2021, the Group no longer carried assets held for sale.

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M.R.M. 2021 UNIVERSAL REGISTRATION DOCUMENT