HARVESTATE OFFICE CONVERSION FUND I

Harvestate Office Conversion Fund I is an alternative investment fund dedicated to office-to-residential conversion schemes. The fund is to be mainly invested in the Greater Paris area which offers a strong potential of obsolete or ill-positioned commercial real estate assets. The Nexity group is the fund's operating partner for new homes developments. Harvestate Office Conversion Fund I's first closing took place in December 2017.

TERRAE OPTIMAE 1

Terrae Optiame 1 is an alternative investment fund dedicated to investing in plots of land with strong redevelopment potential, mainly located in Greater Paris and urban areas around some of France's other major cities.

Terrae Optimae 1's investment strategy is based on acquiring land to be converted for predominantly residential future development projects. In particular, the fund bears the risk of obtaining the planning permissions required to develop the land. This strategy has been developed through an exclusive, innovative partnership with the Nexity group, designed to ensure an alignment of interests between the fund and the developer. Nexity is also a minority shareholder in the fund.

An initial closing of the fund has been carried out in July 2019, primarily with various French institutional investors.

In a market environment shaped by the increasing scarcity of buildable land in supply-constrained areas, Terrae Optimae 1 aims to help "reinvent" new urban land and make it possible to "rebuild the city within the city". This innovatively structured fund can also serve as a new tool for local authorities faced with severely strained financial resources.

WARNING:

The Alternative Investment Funds described above are reserved for professional clients as defined by Article D.533-11 of the French Monetary and Financial Code. These funds are not open for subscription and the information above does not constitute a solicitation to subscribe for shares in the funds.