Les Nouveaux Constructeurs SA (ENXTPA:LNC) and PW Real Estate Fund III LP, fund managed by Aermont Capital LLP entered into an agreement to acquire BPD Marignan Immobilier SAS from BPD Europe B.V., on October 24, 2018. Upon closing of the transaction, the acquisition entity will be owned 60% by LNC and 40% by PW Real Estate Fund III. The closing of the transaction will be subject to the prior authorization of the relevant merger control authorities. The transaction is expected to be finalized in fourth quarter of 2018. Jean-Dominique Casalta, Antoine Chatry, Antoine Coursaut-Durand, Marianne Delassaussé, Frederic Jungels, Delphine Krzisch, Vincent Martinet, Anaita Massoumi, Laetitia Nicolazzi, Alix Pallier, Anne-Caroline Payelle, Olivier Picquerey, Camilla Spira and Paul Worms of Allen & Overy acted as legal advisors for Rabobank Group, parent company of BPD Europe B.V. Delaby & Dorison acted as legal advisor to BPD Europe B.V. BNP Paribas Corporate Finance acted as financial advisor to Les Nouveaux Constructeurs and Aermont Capital. Frédéric Nouel, Hugues Moreau, Vincent Bour, Laurent Modave, Agathe Coq-Etchegaray, Léa Grandfond, Didier Martin, Arthur Debourdeaux, Emmanuel Reille, Charles Terdjman, Foulques de Rostolan, Bénédicte Perrier-Walckenaer and Nicolas Le Pays du Teilleul of Gide acted as legal advisors to Les Nouveaux Constructeurs and Aermont Capital. Les Nouveaux Constructeurs SA (ENXTPA:LNC) and PW Real Estate Fund III LP, fund managed by Aermont Capital LLP completed the acquisition of BPD Marignan Immobilier SAS from BPD Europe B.V., on November 14, 2018. BPD Marignan will be managed independently of Les Nouveaux Constructeurs. Thus, to avoid any conflict of interest or confidentiality issue, the management of BPD Marignan, which remains unchanged, will be supervised by a collegiate body that does not include any members from Les Nouveaux Constructeurs. The transaction was approved by the merger control authorities.