creating value property Development BNP Paribas Real Estate Property Development

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1 property Development property Development creating value BNP Paribas Real Estate Property Development 167, quai de la Bataille de Stalingrad Issy-les-Moulineaux Cedex Tel.: +33 (0) Fax: +33 (0)

2 grands Moulins de Pantin (93) - architects: reichen & robert et associés Photograph: adeline Bommart

3 Editorial BNP Paribas Commercial Real Estate Development has been working on major property development projects for over 35 years. With the backing of its parent company BNP Paribas, one of the leading international banking networks, it continues to grow its profile in the market. Using their diverse skills and expertise our teams are able to advise you at every stage of your real estate project, from identifying the site through to completion. Our three core values are: a continual quest for quality, a promise to listen to our clients and to always meet the commitments we have made. These values shape our approach to creating innovative and sustainable projects that take into account the changing environment in which we work. When designing a building we take into account changes in architectural and environmental standards, working practices, and consumer demand. The result is that our buildings provide new spaces that anticipate the future needs and expectations of occupiers. As the leader in commercial real estate in France, we have won the trust of major international groups and we now work for them in various countries. Our approach is to work closely with you. This way we can fully understand your objectives, expectations and future needs. By choosing BNP Paribas Commercial Real Estate Development, you are assured of developing innovative schemes with a genuine long-term partner. Working together to create value from property development. 7 Louis-Baudouin Decaix Chairman of BNP Paribas Real Estate Commercial Real Estate Development. Property Development - Creating value 3

4 Working together to create long term value for your property development projects We are currently the only real estate service provider able to offer a comprehensive range of services that follows the whole lifecycle of a real estate asset. Our six complementary business lines: Real Estate Development, Transaction, Advisory, Valuation, Property Management and Investment Management provide a high level of expertise in every aspect of real estate. This multidisciplinary offer provides an unparalleled knowledge of real estate and promotes innovation and efficiency. We operate across all types of property and development schemes (offices, hotels, etc.) and are able to assist you at every stage of a property development project. Our ability to look ahead means that we are able to develop new concepts for our occupier, investor and local authority clients. We are equipped to deal with every aspect of a project, including the legal administrative, accounting, financial, commercial and technical issues. This enables us to provide innovative solutions that meet both current and future business needs. 1 Barbara Koreniouguine 4 Property Development - Creating value

5 BNP Paribas Real Estate key figures 3,300 employees Over 150 offices across the world (including our Alliances) Located in 30 countries Key figures for Commercial Real Estate Development A leader in Property Development in France 72,000 m² of space completed in France 1 st developer to obtain dual HQEBREEAM certification for the same office: Le Mermoz in Bourget (département 93) in 2008 More than 3.2 million m² built in over 30 years N 2 in commercial Property Development in Europe* The A4C Arc de Seine building, the head office of NATEXIS, was one of the first office buildings to be awarded the "Haute Qualité Environnementale" (HQE) certification in ,000 m² under construction in France in ,000 m² of certified HQE buildings completed or pending completion across 25 development schemes * Source : Property eu, March 2011

6 Grands Moulins de Pantin (93) - Architects: Reichen & Robert et Associés

7 Managing every aspect of a property development project on your behalf With over 100,000 m² of offices built each year, our expertise has earned respect in many property sectors including refurbishment works, office construction, logistics platforms and hotels. In addition we are well known for our town planning work, developing mixed use schemes that can comprise offices, residential homes, hotels, student accommodation, medical facilities, etc. In France, we mainly operate in Ile de-france and the main regional cities. We also work on projects outside France principally in Italy. Photograph: Adeline Bommart We are able to work with our clients on different terms depending on their circumstances and needs. For example we can offer the options of purchasing off plan, rental turn-key schemes, delegated supervision and property development agreement. We are also able to assume the role of lead contractor for site management and construction projects thanks to the expertise of our technical management teams. Property Development - Creating value 7

8 Designing buildings that are consistent with your brand image We can design turn-key office buildings for specific occupier clients as well as producing "speculative" buildings intended for sale to investors. To protect our clients investments we pay particular attention to the needs of the occupier including flexibility, adaptability, technical quality and environmental performance. Understanding and anticipating the expectations and future requirements of occupiers helps us to develop projects that fit with their brand image both now and in the future. The acquisition of the company Sésame Conseil in January 2010 helped us to broaden our skills in the very specific field of high rise tower buildings. Urban and Town Planning: Working in partnership with you to design the environment for tomorrow Our experience of working with local authorities means that we are able to propose, design and undertake major town planning projects. Together with councillors and town planners, we design schemes to develop an area to meet market and social needs. From Brownfield industrial wasteland, we design new neighbourhoods and communities featuring a mixture of activities such as offices, residential units, hotels, care homes, shops and public facilities. Most recently, our major town planning schemes have included: The redevelopment of former EADS land in France in Châtillon (92) and Vélizy (78), Transformation of former ALSTOM land at Bourget (93), Development of the whole of the mixed use development zone Claude Bernard in the - 19 th arrondisement of Paris. 72,000 m 2 completed in France Photograph: Didier Boy de la Tour 8 Property Development - Creating value

9 Trianum Schneider HQ (Rueil-Malmaison - 92) - Architects: Willmotte & Associés

10 Bergère - Paris (9 ème ) - Architect: Anthony Bechu Associés

11 Working in partnership with you to modernise your property portfolio Whether the complete refurbishment of dilapidated buildings or redevelopment of industrial units, we can breathe life back into workspaces by reinventing them, whilst at the same time respecting the existing architecture. We propose innovative solutions to adapt premises to bring them up to date including adding new technologies and providing a high quality working environment to meet the needs of occupiers in the future. All our proposals take into account the technical, economic and market constraints. We use leading architects and professionals to achieve these remarkable results. Four outstanding projects have recently illustrated our level of expertise: Les Grands Moulins de Pantin (93), Bergère building (Paris 9 th ), La Tour 9 at Montreuil (93), And the former Caisse d Allocations Familiales tower (Tour Lopez Paris 15 th ). 1 st developer to apply HQE measures to the re-development of an office scheme: Bergère building in Paris (2006) Building Bergère Paris 9 th Awarded the Trophée Constructeo 2008 for "team performance in a refurbishment project" Photograph: Adeline Bommart SIMI 2003 prize Building of the year category: Bords de Seine 2 (92) SIMI 2007 prize New building category: Casino headquarters at Saint-Etienne (42) SIMI 2009 prize New building category: Le Mermoz at Bourget (93) Refurbished building category: La Tour 9 at Montreuil (93) SIMI 2010 prize New building category: Les Grands Moulins de Pantin (93) Property Development - Creating value 11

12 Creating user friendly work and living spaces for you Since buildings are now key components of a company s brand image and have an impact on the appeal of the company to potential employees, the quality of the workspace is now of prime importance. In addition to the exterior architecture, we take a keen interest in the comfort of employees. This is why we use some of the biggest names in interior architecture and design. The entrance lobbies, office layout, use of space, common areas and services, are all designed to make life comfortable. The space we provide is efficient and facilitates easy communication across your organisation. Photograph: Adeline Bommart 12 Property Development - Creating value

13 A building s architecture conveys the company s image to clients and the public. Interior architecture is more employee-oriented. It must work for them, enabling them to be comfortable and efficient. Therefore it is a means rather than an end in itself. This is why we work as closely as possible with the BNP Paribas Real Estate teams, so that the interiors not only fully comply with our standards but also respond to the concerns and demands of the end users. We are lucky enough to be able to team up at the start of development projects for the group. This allows us to play a part in the design work, at both the technical level and on the design of the interior layout. We work on every aspect of design including layout of office space, support areas, living space and provision of employee services. As an interior architect, I find BNP Paribas Real Estate s approach to be particularly interesting and motivating. The group strives to assert a strong, modern and creative philosophy. In terms of interior architecture and decoration each of its buildings is given a separate and unique identity. For me, it is about understanding the building s environment and the strength of its architecture and then combining it with the human dimension. By breaking the rules of the traditional office format they are able to create a space that promotes wellbeing, surprise, comfort and creativity. On top of this they add features that one might expect to find in the hotel industry, these are there to create a pleasant ambiance. It is no longer about the cold, inhuman assertion of the strength of a group or brand. Instead it is an embrace of the individuals, the teams and visitors that work, meet or eat there. Spending time together in convivial, creative and peaceful surroundings that are a pleasure to be in, encourages a positive relationship with work by giving it another dimension and another setting. This is an enthralling collaboration since, apart from the aesthetic and creative aspects, it also plays a part in the development of a company s culture and the quality of relationships people have with each and with their work. Didier Gomez Interior architect Michel Grossi Head of Asset Management ITP - IMEX - BNP Paribas Grands Moulins de Pantin (93) - Architects: Reichen & Robert et Associés

14 Working Internationally As part of our group s international presence, the property development business line is active in other countries in Europe, most notably in Italy. About 100,000 m² of offices are currently being planned in Europe. For example Siemens has selected us to develop its future headquarters in Milan which will comprise 30,000 m² of innovative and high performance office space to host its 3,500 employees. BNP Paribas Real Estate is also established in other countries in Europe, most notably in Italy. 1 Bruno Pinard 14 Property Development - Creating value

15 Looking for premises for our new headquarters in Milan, we made the decision to develop a former industrial site. This site will enable us to bring all our Siemens teams together in one location. We organised a competitive tendering process to choose the development company we wanted to work with on this turn-key project. BNP Paribas Real Estate won the contract to develop the new 30,000 m² office complex. We chose to work with BNP Paribas Real Estate because as well as demonstrating the ability to meet our needs there was a good chemistry and fit between our two teams. A strong working relationship is a key element that can make an important contribution to the success of a project. By working with BNP Paribas Real Estate, we benefit from both the large range of real estate expertise that they offer and the fact they are part of a major European bank. The idea of working with a leading banking group gives us a lot of confidence in the financial stability of the company which is essential in a project of this type. Tanya Severin Head of International Purchase and Sales SIEMENS Future headquarters of Siemens Spa - Milan (Italy) - Architects: Barreca & La Varra and Stefano Boeri Architetti

16 Tour T1 - Paris La Défense (92) - Architects: Valode & Pistre Architecture Photograph: Vincent Fillon

17 Broadening our skill set, for you Vélizy Campus The acquisition of Sésame Conseil in January 2010 helped us to broaden our skills in the field of skyscrapers. Sésame Conseil specialises in the preparation, management and delegated supervision of major projects. They initiate, design and manage schemes for large occupiers in the Greater Paris area and particularly in Paris-La Défense. They have been involved in some of the biggest real estate deals in the market, in terms of both floor area and price. Using the expertise of its well renowned professional teams of engineers, architects, economists and lawyers, Sésame Conseil is now an operator that sets the benchmark in the commercial real estate market. Sésame Conseil largest projects include: High rise tower buildings: Paris La Défense Tour T1: 65,000 m² floor area (Occupier: Suez Gaz de France) Tour B: 22,000 m² floor area Tour Technip: 60,000 m² floor area Refurbishment of the "Tour SGAM": 32,000 m² floor area Refurbishment of the "Tour CB21": 76,000 m² floor area Tour Generali (underway): 90,000 m² floor area Campus Vélizy Campus: 60,000 m² floor area (Dassault Systèmes) Pantin Campus (underway): 30,000 m² floor area (Chanel Laboratoires) Massy Campus (underway): 90,000 m² floor area HQ buildings 276 CDG Neuilly sur Seine: 20,000 m² floor area (Chanel HQ) Refurbishment of 136 CDG (former Havas building) - Neuilly sur Seine (underway): 15,000 m² floor area 5 Gérad Boileux Property Development - Creating value 17

18 Tour Lopez - Rue Viala Paris (15 ème )- Architect: Dominique Hertenberger - Arte Charpentier & Associés

19 Working together towards a sustainable future Because a property development project represents a long term capital investment for a company, we are developing solutions that ensure our buildings have a high added value and that the investment is one that will last. Our network of specialists in technological innovation and our research departments, along with our industrial partners, are working with us to find creative and high performance solutions. Using these solutions we can anticipate companies needs at every stage of a project. Photograph: Vincent Fillon We constantly monitor and check the technical and economic reliability of the latest innovations and trends in technology. This means we are able to introduce you to the latest innovations with the confidence they will meet your needs. Property Development - Creating value 19

20 BUILDING A SUSTAINABLE FUTURE TOGETHER We are pioneers in sustainable development. In 2005 we were the first developer to commit to the "Haute Qualité Environnementale (HQE*)" certification for our schemes. This initiative is fully integrated into the group s strategy and is written into our quality policy. All our schemes are now HQE certified and offer a high level of performance, particularly in terms of energy efficiency. We have now obtained the most recent labels, such as "Très Haute Performance Énergétique (THPE [very high energy performance])", or BCC "Bâtiment Basse Consommation [low energy consumption building]", and we are applying these standards to all the projects currently on the drawing board. Our commitment to quality in the field of sustainable development is also illustrated by the award of international labels, such as the "Building Research Establishment Environmental Assessment Method (BREEAM)". Our "Green building site" charter, introduced in 2005 by the technical department, is a method of promoting best practice in the companies we use for each of our projects. This environmental policy has been developed in partnership with our clients. This has mainly been achieved through the introduction of the "HQE Exploitation" [high environmental operating quality] certification to optimise the performance of our buildings for occupiers. 20 Property Development - Creating value 1 Olivier Courtaigne 1 Benoit Fragu

21 Via Verde - Nanterre (92) - Architect: Wilmotte & Associés

22 BNP Paribas Real Estate HQ - Issy-les-Moulineaux (92) - Architect: Scau Architectes - interior decoration: Didier Gomez

23 Technical supervision We have 35 years of experience in running a variety of projects, this level of experience means we are used to managing and controlling every aspect of our schemes and it testifies to our ability to operate on large-scale projects. Bringing us onboard from the inception of a scheme is a way to optimise and guarantee the quality of any future construction and to control the operating costs. We do this as part of honouring our commitments. Work on our development sites is then undertaken in separate sections each specialising in a specific professional area, this provides optimum technical and economic control. Photograph: Vicent Fillon 1 Claude Covo Property Development - Creating value 23

24 Zenora - Issy-les-Moulineaux (92) - Architect: Jean-Paul Viguier

25 Developing successful schemes for you is our best publicity Our expertise and professionalism is reflected in our work. They ensure our commitment to quality and are proof of our ability to take a long-term view in maintaining a professional relationship. Property Development - Creating value 25

26 Buildings completed Pantin (93) Grands Moulins The redevelopment of a former industrial site into modern buildings to house about 3,200 employees whilst conserving the façades and other interesting architectural features. Floor area: 50,000 m² Architects: Reichen & Robert and Partners Environmental initiative: one of the first reconversion schemes with HQE certification Investors: BNP Paribas Assurance and investment fund EP1 Occupier: BNP Paribas Securities Services (BP2S) Completion: September 2009 Fontenay-sous-Bois (94) Tassigny Carnot Rental turn-key for BNP Paribas. Floor area: 20,500 m² Architects: Arte Charpentier & SECES Environmental initiative: HQE and THPE* certification Investor: Fonds KGAL Occupier: BNP Paribas (BDDF) Completion: October 2010 Arcueil (94) Axéo 1 Suite of offices in the new Vache Noire district. The building is the first section of a 20,000 m² scheme. Floor area: 10,000 m² HON Architects: Valode & Pistre Environmental initiative: HQE certification Investor: investment fund EP1 Occupier: SGS Completion: October Property Development - Creating value

27 Paris (15 ème ) Seine Panorama rue Viala Refurbishment of the former CAF building, construction of 162 homes and a 6,000 m² garden in the heart of the island. Floor area: m² Architects: Dominique Hertenberger - Arte Charpentier & Associés Landscaping: Christine and Michel Péna Environmental initiative: HQE certification Investor: Lasalle Investment Management Developers: BNP Paribas Real Estate and OGIC Occupier: DCNS Completion: October 2009 Photograph: Vincent Fillon Seine Panorama (75) - Architects: Dominique Hertenberger and Arte Charpentier & Associés - Sculpture: Valérie Sabatier

28 Paris (9 th ) Bergère building Renovation of a listed* 19 th century building as part of an HQE initiative. It combines the preservation of a heritage site with technological innovation. Floor area: 31,600 m² Architect: Anthony Bechu & Associés Environmental initiative: one of the first certified HQE rehabilitation projects, awarded the CONSTRUCTEO trophy in 2008 Investor: BNP Paribas SA Occupier: BNP Paribas Investment Partners Completion: March 2009 Photograph: Adeline Bommart Bergère building (75) - Architect: Anthony Bechu & Associés

29 Buildings completed Nanterre (92) Moulin Noir Building the head office of BNP Paribas Assurance to regroup 3,500 employees. Floor area: 69,000 m² Architects: Jean Mas & Atelier Environmental initiative: HQE and THPE (Très Haute Performance Energétique [very high energy performance]) certification Investor/Occupier: BNP Paribas Assurance Completion: January 2011 Le Bourget (93) Le Mermoz This major office scheme is part of the reconversion of ALSTOM s land, on which we have also built housing. Floor area: 22,000 m² Architect: Jacques Haour Environmental initiative: First building to achieve both French (HQE) and UK (BREEAM) certification Investor: CBRE Investors Completion: March 2009 Montreuil (93) Tour 9 Complete refurbishment of a high rise office building with the creation of a new two-layer façade. Floor area: 47,000 m² Architects: Hubert & Roy Investor: CEREP Franklin advised by The Carlyle Group Occupier: AFPA Completion: Q Property Development - Creating value 29

30 Issy-les-Moulineaux (92) Head office of BNP Paribas Real Estate The building has been specially designed and built for BNP Paribas Real Estate and showcases the group s environmental, architectural, aesthetic and practical expertise. Floor area: 24,000 m² Architect: Scau Architectes Environmental initiative: HQE certified and THPE label Investors: SEB and CNP Occupier: BNP Paribas Real Estate Completion: January 2011

31 Buildings completed Headquarters of BNP Paribas Real Estate - Issy-les-Moulineaux (92) - Architect: Scau Architectes

32 Projects underway Arcueil (94) Axeo 2 This office and store complex will form the centrepiece of the Place de la Vache Noire (close to the RER B). Floor area: 10,000 m² HON Architect: Valode & Pistre Environmental initiative: HQE 2008 and BBC* certification Investor: Macifimo Scheduled: July 2012 Nanterre (92) Via Verde Situated at Seine-Arche, at the heart of Les Terrasses, this architecturally unique scheme is completely transparent. Outstanding visibility. Light, comfort and performance are the watchwords that create this user friendly environment. Floor area: 15,000 m² HON Architect: Wilmotte & Associés Environmental initiative: Via Verde is to be one of the first buildings labelled THPE EnR (Very high energy performance using renewable energy) Scheduled: Q Vélizy (78) NEO VEO Plans for two separate buildings, 7-floor NEO and 8-floor VEO Floor area: NEO: 20,311 m² and VEO: 20,745 m² Architect: A. Bechu & Associés Environmental initiative: HQE and BBC* certification Investor / Occupier: take-up pending Scheduled: - Section 1 in Q Section 2: dependent on take-up * Bâtiment Basse Consommation - low-energy building 32 Property Development - Creating value

33 Nanterre (92) Floor area: 18,000 m² Architect: Atelier 234 Jean Mas Environmental initiative: BBC certification Investor: CARDIF Scheduled: Q Nanterre (92) - Architect: Ateliers 234 Jean Mas

34 As the construction of an energy positive building in Niort begins, it is clear that demanding environmental criteria play a key role in MACIF s investment policy. Even though there was a shortage of suitable stock in the market, particularly for secured assets, BNP Paribas Real Estate was able to give us two investment opportunities in 2010: a secured THPE-certified building with a nine-year lease with no break option on the mixed development zone Claude Bernard, a speculative HQE-certified building at Arcueil. For the Arcueil scheme, we asked the development team at BNP Paribas Real Estate to turn the product into a lowenergy building. We were pleased with their responsiveness in successfully dealing with this request. For the past seven years, MACIF has also been very keen to ensure that its buildings have full disabled access. In both schemes BNP Paribas Real Estate teamed up with our technical staff to integrate this element into the plans and to take the access issue into account. We found our contacts in BNP Paribas Real Estate to be willing listeners who were ready to work with us on matters to which we attach great importance. Today, as we are in the monitoring phase of our projects, the communication has continued through monthly steering committee meetings. Laurence Dumas Chairwoman of GPIM MACI Group Claude Bernard mixed development zone - Paris (19 th ) - Architect: Matthias Sauerbruch

35 Our office building "C2" on Canal St. Denis aims to celebrate the intense urban nature of Paris. In this area of the city complete contradictions jostle together for space: the dense urban traffic on the Périphérique next to the residential area at Boulevard McDonald contrasts with the active parkland on the other side of the building and the quiet contemplative route along the canal bank. Into this urban oxymoron we placed a building which implies dynamic movement and plasticity in its volume but also conveys a joyful vitality through the vibrant sensuality of the colour in its facade. Like a large item of clothing, its surface dresses the building, and turns an everyday situation into an almost festive occasion. Building "C2" has been created by a generation that is very aware of the scarcity of natural resources. A high-performance external envelope giving good thermal and acoustic insulation, as well as solar protection helps to reduce energy consumption. The generation of electricity through photovoltaic panels and the use of geothermal systems to provide hot and cold air conditioning for the interior environment maximises the use of renewable energies available on the site. The connection to the central cooling plant "Climespace" guarantees a building of high environmental quality. The building s efficient economic performance is combined with the generosity of its physical presence and spirit. This gives this extraordinary property in Paris 19th arrondissement a unique identity. Building "C2" is the first of our French projects to be completed. It is also the first time that we experienced the full design process typical in France. This has been a new experience for us in many ways, it has been a mutual learning process. It was intense, and not always easy for our partners, but very successful in the end. What helped a great deal was the professionalism of the international BNP Paribas team and their partners who are equally at home in both the European and domestic markets. By working with contractors, who are comfortable in the international arena, this has been a truly European collaboration on a very special project. Projects underway Paris (19th) Mixed Development Zone (ZAC) CLAUDE BERNARD Located on the bank of Canal Saint-Denis Quai de la Charente, ZAC Claude Bernard covers 14.6 hectares, representing 10.4 hectares of public land (northern and southern edges of the ring-road, banks of the Canal Saint-Denis) and 4.2 hectares of development land from the former sites of the Claude Bernard hospital (3.8 hectares) and the Quai de la Charente. This mixed use development will be characterised by the wide variety of the activities on the site. The plan for the scheme as a whole is to build 104,000 m² of floor space. Overall area: 104,000 m² divided as follows: 41,000 m² of offices (split into three technically separate buildings, but linked by walkways), 34,000 m² of housing, 6,500 m² industrial premises, 1,500 m² of retail premises, a 6,000 m² care home for the elderly as well as a 60-bed nursery, a 12-class comprehensive school and a 15-screen multiplex cinema. Architects: Plot B2: Jacques Ferrier Architectures (JFA), Plot A2: Emmanuel Combarel Dominique Marrec Architectes (ECDM), Plot C2: Sauerbruch Hutton International (SHI). Environmental initiative: HQE certification and THPE label (RT %) with 25% renewable energy. Investors: A2: SEB, C2: Macifimo, B2: Next Estate fund. Occupier: BNP Paribas Corporate Investment Banking Forecast completion: Plot B2: March Plot A2: April Plot C2: May 2012 Matthias Sauerbruch Architect Property Development - Creating value 35

36 Forthcoming projects Gennevilliers (92) Connexio 1 This building is to have seven floors and 300 parking places, and is the first of a new service hub around the new metro station (line 13) and tramway. It will eventually encompass about 100,000 m² of tertiary floor space. Floor area: 27,000 m² Architect: SCAU (Aymeric Zublena) Developers: BNP Paribas Real Estate and Nexity Environmental initiative: BBC and tertiary HQE certification Forecast completion: 2013 Paris (19 th ) Macdonald The conversion scheme for the Macdonald warehouses is part of the major urban renewal project for the northeast of Paris. This plan aims to rehabilitate certain rundown areas of Northeast Paris. The conversion of the Calberson warehouses will contribute by creating a mixed urban fabric along the length of boulevard MacDonald while preserving a building that is symbolic of the economic and industrial life of the capital. Floor area: 280,000 m² Architects: Marc Mimram and François Leclercq Environmental initiative: The City of Paris is applying a sustainable development initiative to the whole project: HQE and BBC certification. Developers: BNP Paribas Real Estate and ICADE Promotion Tertiaire Occupier: BNP Paribas Corporate Investment Banking Forecast completion: mid-2013 to end Property Development - Creating value

37 Issy-les-Moulineaux (92) Zenora A building comprising eight floors, organised in a "comb" arrangement facing the river Seine, divisible into separate buildings. Floor area: 48,500 m² Architect: Jean-Paul Viguier Developers: BNP Paribas Real Estate and Poste Immo Environmental initiative: scheme aiming for dual HQE / BREEAM ("Very good") certification as well as the BBC Cep certification (Cref - 50%). It is also aiming for the environmental quality charter of Issy-les-Moulineaux (ISSEO) level ISSEO +. Forecast completion: early 2014 We own a large plot of land in Issy-les-Moulineaux and we wanted to find a partner to help us develop the site to unlock as much of its value as possible. We wanted a partner that was able to offer the right skills combined with efficiency and the ability to deliver the project quickly. This is why we settled on BNP Paribas Real Estate. Our partnership was put into action by the creation of a joint venture for co-development. This spawned a proposal for a mixed use development combining offices and residential housing to sell to investors and occupiers. We have now filed for planning permission. This partnership structure has meant we have been able to work in tandem in a very balanced way. Since we first embarked on the project, we have always worked well together, with mutual respect and each party offering added value. The teams have worked together very nicely. This collaboration was just what we had hoped for. Indeed, it has been very useful to work with a partner that covers all the specialist professional areas within the real estate industry. This has enabled us to take a broad and comprehensive approach. Christian Cléret Head of real estate for the La Poste group General Manager Poste Immo Zenora - Issy-les-Moulineaux (92) - Architect: Jean-Paul Viguier

38 The land for the hotel occupies a very narrow triangle on the corner of two streets, but it had to be very easy to see from the crossroads and the ring-road. This presented us with some architectural challenges. To address these issues the scheme broadens out on the upper floors and has a multi-faceted aspect that makes it look dynamic and original. Its location allowed for a very colourful and expressive metal-clad façade with a colour scheme reflecting the landscape. The lower floors are blue and green, whilst the upper floors are finished in bright colours. Narrow stripes confer height on the building, enhancing its dynamic qualities. Another major constraint was the intention to earn HQE certification to minimise energy requirements. For the interior, I planned to put the breakfast room on the top floor to enjoy the splendid view and I used the gradient of the ground to give height to the lobby. This was the first time I have worked with BNP Paribas Real Estate and I greatly enjoyed the experience. I was able to design an original scheme that fulfilled the group s expectations. It is a highly skilled partner that fully engages with the architect. Manuelle GAUTRAND Architect 38 Property Development - Creating value

39 Forthcoming projects Paris (19 th ) Visalto Mixed scheme in the 19 th arrondissement of Paris with three buildings for mixed purposes: offices (23,500 m² floor area), student halls of residence (social designation) for Régie Immobilière de la Ville de Paris (RIVP) (130 rooms), a 3* hotel (149 rooms, 300 m² meeting rooms, gym and retail outlets) Floor area: 34,500 m² Architects: - Ateliers 234: design of the offices and car parks and overall coordination of the scheme; - Manuelle Gautrand Architecture: design of the 3* hotel; - Moussafir Architectes Associés: design of the student residence and stores Take-up of the Visalto offices: pending Forecast completion: late 2013 Visalto office space: - Visalto is located at the 8 boulevard d Indochine in the 19 th arrondissement of Paris - This scheme is to have six floors and plans for two separate buildings. - Floor area: 23,000 m² with a staff restaurant - Visalto is close to the future tramway station (line T3) - Environmental initiative: HQE and BBC certification. Visalto - Paris (19 th ) - Architects: Ateliers 234, Manuelle Gautrand Architecture, Moussafir Architectes

40 Forthcoming projects Rueil-Malmaison (92) Rue Sainte-Claire Deville The scheme is located alongside the A86, close to RER (line A), and is centred around a shared hall, where the efficiency and simplicity of the architectural plan is reflected in the functioning and organisation of the workplaces. Floor area: 32,000 m² Architects: Wilmotte & Associés SA Developers: BNP Paribas Real Estate and Bouygues Immobilier Forecast completion: Q Marseille (13) Station 7 Located in the Euroméditerranée district, right next to the metro and the tramway, this scheme has about 14,500 m² of offices. Architect: Jacques Ferrier Environmental initiative: HQE certification Investor: not specified Forecast completion: July 2014 antin (93) mixed development zone Grands Moulins de Pantin Located at the head of the Canal de l Ourcq, in the Grands Moulins de Pantin mixed development zone, this scheme ranges across 6-7 floors with one basement level. Floor area: 12,000 m² HON Architects: Reichen & Robert et Associés Environmental initiative: HQE and BBC certification Investor: not specified Occupier: BNP Paribas Forecast completion: July Property Development - Creating value

41 International schemes Milan - Italy Future headquarters of Siemens SpA Floor area: 30,686 m², 500,867 m² gross floor area Architects: Barreca & La Varra and Stefano Boeri Architetti (Milan) Environmental initiative: LEED Gold + CENED B Occupier: Siemens Spa Investor: not specified Forecast completion: H London (King's Cross) United Kingdom Floor area: 40,000 m² Architects: Jean-Michel Wilmotte Environmental initiative: BREEAM (Excellent) certification Occupier: 50% will be occupied by BNP Paribas Real Estate and 50% currently still to be let Investor: not specified Forecast completion: Q Property Development - Creating value 41

42 167, quai de la Bataille de Stalingrad Issy-les-Moulineaux Cedex - Tel. +33 (0) Fax +33 (0) BNP Paribas Real Estate : Simplified joint stock company with capital of 329,196, RCS Nanterre - Code NAF 4110B - CE identification number FR Headquarters : 167, Quai de la Bataille de Stalingrad Issy Les Moulineaux Cedex - BNP Paribas Real Estate is part of the BNP Paribas Banking Group. BNP Paribas Immobilier Promotion Immobilier d Entreprise - Simplified joint stock company with capital of 1,000, RCS Nanterre - Code NAF 4110B CE identification number : FR Headquarters : 167, Quai de la Bataille de Stalingrad Issy Les Moulineaux Cedex Non contractual document- 500 copies - BPI049 - March Photographs: cover: Bis'Art - black and white silhouettes pages 3, 4, 14, 17, 20 and 23: B. des Gayets black and white silhouettes page 13: Augustin Détienne pages 22/23: Vincent Fillon - Page 26: left photo: A. Bommart, centre right: V. Fillon - Page 29: right photo: V. Fillon - Page 29: V. Fillon - Page 37 portrait: P. Sordoillet

43 property Development property Development creating value BNP Paribas Real Estate Property Development 167, quai de la Bataille de Stalingrad Issy-les-Moulineaux Cedex Tel.: +33 (0) Fax: +33 (0)