POWERHOUSE HABITAT announces the registration of its document de base with the Autorité des marchés financiers (AMF) in connection with its contemplated IPO on Euronext Paris

  • Emergence of a residential real estate pure play in France
  • Contemplated IPO on the Euronext Paris regulated market

Paris, May 22, 2015. Powerhouse Habitat, a residential real estate pure play company, announces the registration of its document de base by the Autorité des marchés financiers (AMF) under number l.15-042.

View the POWERHOUSE HABITAT Website.

The registration of the document de base by the AMF constitutes the first stage of the IPO process for Powerhouse Habitat, subject to market conditions and the regulatory prerequisites, including in particular the delivery by the AMF of its visa on the prospectus relating to this transaction.

Daniel Rigny, President of Powerhouse Habitat, commented: “The contemplated IPO of Powerhouse Habitat will provide investors with access to a unique portfolio of residential properties spread across France.

The French residential rental market offers numerous investment opportunities which we want to take advantage of.

Powerhouse Habitat stands out for its long-term ownership strategy and local management, which places tenant satisfaction at the heart of its priorities. By accessing the capital markets, the company intends to play a major role in the private rental market and to contribute to the development of ownership, financing and management models for French housing.”

Powerhouse Habitat currently owns an attractive portfolio of over 7,000 housing units which are leased to EDF and valued at 1.2 billion Euros[1]. This unique portfolio is comprised of 91% of single-family homes, with an annual gross yield of 5.9%1.

Prospectus

Powerhouse Habitat’s document de base is available free of charge on the company Internet site (www.powerhouse-habitat.com) and the AMF Internet site (www.amf-france.org) and is also available upon request from Powerhouse Habitat, at 52B rue de la Bienfaisance, 75008 Paris. Powerhouse Habitat draws the public’s attention to Chapter 4 “Risk factors” contained in the prospectus registered with the AMF.

About Powerhouse Habitat

Powerhouse Habitat is a French property company specializing in residential real estate. Powerhouse Habitat currently owns an attractive portfolio of over 7,000 housing units which are leased to EDF. This unique portfolio is comprised of 91% of single-family homes, with a gross annual yield of 5.9% as at December 31, 2014.

Powerhouse Habitat aims at positioning itself as the leading, listed residential real estate company in France. In order to achieve this ambition, Powerhouse Habitat relies on a selective acquisition strategy of affordable housing portfolios, principally located in the French regional markets which are supported by strong economic growth and demographics.

Powerhouse Habitat intends to apply for listing in the near future on Euronext Paris, in order to finance its growth, and will opt for SIIC status (French REIT status) by January 2016.

[1] As at December 31, 2014

 

Press contact

FTI Consulting  Eric Fohlen-Weil / Astrid Villette   pwh@fticonsulting.com / +33 1 47 03 68 10

Disclaimer

This communication does not constitute and may not be treated as constituting an offer to sell or solicitation of an offer to sell any securities to the public.  The distribution of this communication may in certain jurisdictions be restricted by law.  Persons who come into possession of this communication are required to inform themselves about and observe any such restrictions.

This announcement is not a prospectus within the meaning of the Prospectus Directive.

In France, an offer of securities to the public may only be made pursuant to a prospectus that has received an AMF visa.

With respect to each Member State of the European Economic Area other than France which has implemented the Prospectus Directive (a “Member State”), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring a publication of a prospectus in any Member State. As a result, in Member States, this communication may only be distributed (a) to any legal entity which is a qualified investor as defined in the Prospectus Directive; or (b) in any other circumstances falling within Article 3(2) of the Prospectus Directive.

For the purposes of this provision (i) the expression an “offer of securities to the public” in relation to any securities in any Member State which has implemented the Prospectus Directive (as defined below) means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to purchase or subscribe the securities, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State, (ii) the expression “Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the

extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and (iii) the expression “2010 PD Amending Directive” means Directive 2010/73/EU.

These selling restrictions with respect to Member States apply in addition to any other selling restrictions which may be applicable in the Member States that have implemented the Prospectus Directive.

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This communication is not for publication or distribution, directly or indirectly, in or into the United States. This communication does not constitute or form part of an offer of securities for sale or solicitation of an offer to purchase securities in the United States, Canada, Australia, Japan or in any other jurisdiction in which such offer may be restricted.  The securities referred to in this communication have not been, and will not be, registered under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States, except on the basis of an applicable exemption from registration or in a transaction not subject to the registration requirements of the Securities Act.  There will be no public offer of the securities in the United States

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