Business Model: « a different real estate approach »

1. A clear, long-term and proactive investor positioning
   • Regular growth of NAV
   • Regular increase in dividend

2. Value creation from the moment of acquisition
   • Acquisitions at the bottom of the cycle on favourable terms
   • Continuous search for quality assets on strict criteria (multi-tenancy, occupancy rate, etc.)
   • Secured tertiary portfolio, low and diffuse tenant risk

3. Optimal and inexpensive management conditions
   • Service contract with Ovalto and property management companies
   • Continued stringent control of overheads

4. Secured financing over the long term
   • Fixed rate redeemable loans over 15 years
   • Limitation of in fine loans: no " debt wall "