RE G U L A T E D I N F O R M A T I O N

Press release

V A C I G R E E N S :

CLOSI N G OF TH E SA LE O F TH E 3 RD BU I LD IN G A N D A D D I T IO N A L RE N TA L

La Hulpe, 31 March 2017

Vaci Greens B - Budapest

ATENOR confirms today the closing of the sale of the third building of the VACI GREENS campus in Budapest (Hungary), to the Hungarian real-estate fund OTP Prime Ingatlanbefektetesi Alap and consequently the collection of the full sale price, i.e. 63.75 million Euro. We remind you that this building ("Vaci Greens B") contains 25,300m² of office space and 399 basement parking spaces.

ATENOR also announces the signing of a rental contract with a reputed international group concerning approximately 5,000 m² in this building, which will have a positive impact on the 2017 result

through, first, a take-back of the rental guarantee and, second, an addition to the price.

We remind you that with this third successful sale in a few months, ATENOR is fully reaping the rewards of its development strategy in the countries of Central Europe, collecting for these first 3 sales a sum of around 141 million Euro.

While the sale of building C of the Vaci Greens project has contributed to the 2016 consolidated results of ATENOR, the cumulative impact of the sale of buildings A and B on the 2017 consolidated results should bring these up to a level comparable to the 2016 consolidated results, save a currently unforeseeable event.

We remind you that the VACI GREENS campus in Budapest offers 6 buildings with a total of 120,000 m² net of office space, of which 3 have been sold to date and a fourth is currently being built. This building ("Vaci Greens D") will be delivered in January 2018 and is already 20% pre-leased by a reputed international group.

ATENOR has also successfully developed and marketed the HERMES BUSINESS CAMPUS in Bucharest, which totals 72,000 m² net of office space and the third building has just been delivered to its occupant. This campus is thus 100% leased and presents a significant return on investment.

Drawing on the experience it has reaped over nearly 10 years in these markets, and enhanced by the sales made over the last few months, ATNENOR aims to reinforce its role as major stakeholder in these particularly buoyant markets. A new development of 12,000 m² (the Dacia project) has been started in the heart of Bucharest's CBD and other projects are currently being studied both in Budapest and in Bucharest.

ATENOR is thus resolutely pursuing its real-estate development strategy in the European metropolises with durably positive economic fundamentals and specifically confirms its role as a major stakeholder in Brussels, Luxembourg, Budapest and Bucharest.

For further information please contact Stéphan Sonneville SA, Chief Executive Officer or Strat UP sprl (represented by Laurent Collier), Executive Officer

+32-2-387.22.99 - +32-2-387.23.16 - e-mail: info@atenor.be - www.atenor.be

ATENOR is a real estate property promotion company quoted on Euronext Brussels. Through our urban planning and architectural approach, we aim to provide appropriate responses to the new requirements being imposed by developments in urban and professional life. Within this framework, ATENOR invests in large scale property projects meeting strict criteria in terms of location, economic efficiency and respect for the environment.

Reuters: ATE0.BR - Bloomberg: ATEB BB

Atenor Group SA published this content on 31 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 March 2017 16:16:23 UTC.

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