MRM_REGISTRATION_DOCUMENT_2017

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Information on M.R.M.’s activities

Business overview

1.4.5 Subsequent events and ongoing projects

In the first quarter of 2018, the administrative permits for the extension of the Aria Parc retail park in Allonnes and the shopping mall adjoining the École-Valentin shopping centre in Besançon came into effect. The Aria Parc value-enhancement programme can therefore go ahead. Having acquired full ownership of the site in 2017, the next step is to set up a medium-sized unit of 3,300 sqm by extending a currently vacant 1,000 sqm retail unit by 2,300 sqm to house a new anchor brand in the fourth quarter of 2018, namely the homeware store Maison Dépôt.

As for the mall next to the École-Valentin shopping centre, after the renovation in 2017 of the existing 4,100 sqm which created a new warm, modern environment, the value-enhancement programme will continue with a 2,500 sqm extension of rental space through a partial reconfiguration of the mall. The total surface area of the mall will be brought to 6,600 sqm comprising 45 stores and two medium-sized retail units. The car park will also get a makeover with the addition of an outdoor parking area. Work should begin in the second quarter of 2018 and be completed in 2019.

1.4.6 Main investments carried out by the Company in the last three financial years

2017

2016

2015

Retail properties Acquisitions Investments/Capex Office properties Acquisitions Investments/Capex

€1.8m €6.2m

-

-

€5.8m

€0.8m

- -

-

-

€1.5m

€3.8m

TOTAL

€8.0m

€7.3m

€4.6m

A total of €8.0 million was invested in the retail property portfolio in 2017. Expenditure focused on the acquisition of a 1,500 sqm retail unit in the Aria Parc retail park in Allonnes, the reconfiguration and extension of Carré Vélizy in Vélizy- Villacoublay to house Gautier and Indiana Café, the renovation of the shopping mall next to the Carrefour École-Valentin

shopping centre in Besançon, the reconfiguration of the first floor of the Passage de la Réunion shopping centre in Mulhouse to house a 1,000 sqm fitness studio, and the new visual identity renovation of the open-air Sud Canal shopping centre in Saint-Quentin-en-Yvelines.

M.R.M. 2017 REGISTRATION DOCUMENT

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