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Press release Λ ALTAREA Paris , 8 November 2021 , 5:45 p.m. Positive market trends , revenue and business activity on track Growth of FFO Group Share of around 10 % in 2021 Residential : strong growth in supply allows Altarea to take full advantage of the demand from Individuals - Growth in supply : - New orders from Individuals : - New orders from Institutionals : Revenue¹ : Accelerating pace of projects coming to market € 1,875 million ( + 4.8 % vs. June 2021 and + 20 % vs. December 2020 ) Strong momentum in rental investment € 1,194 million ( + 20 % ) and 4,090 units ( + 32 % ) Institutional sales back to normal € 681 million ( -52 % ) and 2,953 units ( -46 % ) Targeted increases in sale prices and margins € 1,668.2 million ( + 1.0 % vs. 2020 and + 22 % vs. 2019 ) Retail : indicators moving in right direction in an environment of confidence restoration Retailer sales : - Decline in vacancies : Back to normal : Gare Montparnasse : Excellent third quarter 2021 despite the health passport Return to pre - crisis levels ( excluding restaurants and leisure activities ) Strong rental demand from retailers Vacancies down to 3.3 % ( -0.3 pts vs. June and -0.8 pts vs. December 2020 ) Collection rate of 91 % ² in Q3 Rental income of € 137.3 million ( -2.5 % ) Iconic delivery on budget and on schedule Demonstration of Altarea's ability to deliver large and complex projects Business property : the development in Regions is taking over the major office projects in the Paris Region - New orders ( 9 months ) : - Revenue¹ : Dynamic demand in the Regions , € 206.6 million ( + 49 % ) , including 2 off - plan sales in Bordeaux ( office ) and Béziers ( logistics ) Smaller developments projects with higher margins € 232.9 million ( -18.3 % ) , positive trend in Regions / Paris mix ESG indicators - Altarea ranked number 1 by the Challenges - Statista as " 2021 Climate Champions ” in France - Altarea confirms GRESB " Green Star 5 * " status and become number 2 in its category in Europe € 350 million green loan signed for CAP3000 Consolidated financial indicators 9 - month revenue : - Net debt³ : - € 2,060 million ( -1.9 % vs. 2020 ; + 8.5 % vs. 2019 ) € 2,405 million ( + € 124m vs. 30 June 2021 ) Guidance : FFO4 Group Share growth of around 10 % in 2021 , subject to the health situation not worsening Good progress on Primonial group acquisition - € 800 million syndicated bank loan agreed , several conditions precedent lifted Unaudited data as of 30 September 2021 1 Revenue by % of completion and external services . 2 Rents and charges collected compared to rents and charges invoiced . 3 Consolidated bank and bond net debt . 4 Funds From Operations ( FFO ) : net profit excluding changes in value , calculated expenses , transaction fees and changes in deferred tax . Group share . As a reminder , FFO reported for 2020 was € 230.3 million . Press Release - 9 - month 2021 revenue and business activity ALTAREA 1