Mission Statement, Vision, & Core Values (2026) of Société Foncière Lyonnaise.

Rooted in a legacy that began in 1879 with Henri Germain, Société Foncière Lyonnaise stands as a specialist in prime Parisian offices-today managing 17 flagship assets valued at over €7.7 billion and totaling 394,400 m² in the Central Business District and Western Crescent; following its October 2025 merger with Inmobiliaria Colonial to form Colonial SFL, the combined group commands consolidated assets of approximately €11.9 billion, a scale that underpins its mission to unlock architectural and technical potential, drive tenant satisfaction through high-quality, accessible workspaces, and implement disciplined CSR measures (including certification of each building, advanced energy-management systems and strong commitments to biodiversity and sustainable urban transformation) while maintaining premium rental income and high occupancy in Paris's most sought-after commercial locations.

Société Foncière Lyonnaise (FLY.PA) - Intro

• Founded: 1879 (Henri Germain, founder of Crédit Lyonnais)
• Geographic focus: Central Paris - CBD and Western Crescent
• Asset count (2025): 17 prime assets
• Gross surface area: 394,400 m²
• Portfolio market value (2025): ≈ €7.7 billion
• Post-merger entity (Oct 2025): Colonial SFL - consolidated assets ≈ €11.9 billion

• Preserve and enhance the long-term value of prime Parisian office assets through active asset management, selective investment and high‑quality refurbishment.
• Deliver resilient rental income and capital growth to shareholders while maintaining best-in-class tenant services.

• Be a cornerstone developer and manager of sustainable, future-proofed office spaces that shape Parisian urban and business life.
• Scale impact through strategic partnerships and the Colonial SFL platform to lead Europe's prime commercial real estate market.

• Excellence - targeting prime locations, premium finishes and top-tier tenant experiences.
• Longevity - a stewardship mindset rooted in a 145+ year history.
• Sustainability - prioritizing energy performance, certifications and low-carbon refurbishments to meet evolving regulation and tenant expectations.
• Urban transformation - integrating urban planning, accessibility and mixed-use adaptability to future-proof assets.
• Integrity & transparency - disciplined governance, investor communication and responsible capital allocation.

• High occupancy and tenant retention in central Paris offices, reflecting sustained demand for premium locations (historically strong occupancy levels across the portfolio).
• Premium rental profile driven by prime CBD and Western Crescent positioning, contributing to resilient rental income streams.
• Significant redevelopment and ESG investments aimed at reducing energy use, improving carbon footprint and increasing asset value.

Société Foncière Lyonnaise (FLY.PA) Overview

• Deliver architecturally notable, user-friendly office environments that prioritize tenant satisfaction and operational comfort.
• Systematically reduce environmental impact via a disciplined CSR program that targets certifications for every asset.
• Integrate smart building technologies and advanced energy management systems to drive energy efficiency, operational transparency and lower running costs.
• Ensure accessibility improvements for people with reduced mobility are embedded in major renovation and redevelopment projects.
• Promote mixed urban value by combining high-quality public realm, mobility access and tenant services around assets.

• Certification objective: pursue HQE, BREEAM, WELL or equivalent for all assets during major refurbishments; target 100% certified portfolio over multi-year plan.
• Energy & smart systems: deployment of building management systems (BMS), submetering, LED lighting, photovoltaic feasibility on rooftops and heat recovery in redevelopments to cut consumption and peak loads.
• Tenant experience: dedicated property management teams, flexible workspace fit-outs, digital portals for services and maintenance, and targeted comfort improvements (HVAC, acoustics, daylighting).
• Accessibility: systematic integration of lifts, tactile paving, widened doorways and accessible sanitary facilities in all major projects to comply with accessibility standards and improve inclusivity.

• Capital allocation prioritizes value-accretive refurbishments that raise rents, lower vacancy risk and extend lease lives.
• Targeted capex is balanced by conservative leverage (LTV ~30-35%) to preserve investment-grade profile and refinancing flexibility.
• Tenant retention programs and bespoke fit-out budgets aim to keep occupancy high and WAULT stable while enabling ESG upgrades.

Société Foncière Lyonnaise (FLY.PA) - Mission Statement

• Develop and manage high-quality, energy-efficient office buildings in prime Parisian locations to maximize long-term rental income and asset value.
• Integrate cutting-edge building technologies, flexible workspace design, and tenant services to adapt to evolving workplace needs.
• Advance sustainability through energy performance upgrades, responsible materials selection, and on-site biodiversity enhancement.
• Preserve portfolio occupancy and rent levels via proactive asset management, targeted refurbishments, and strong tenant relationships.
• Pursue selective acquisitions and value-accretive developments that maintain concentration in Paris's prime corridors.

• Prime Paris focus: concentrate investments and management resources on central business districts and well-connected mixed-use nodes to preserve capital values and tenant demand.
• Energy and carbon targets: implement building performance improvements and procurement strategies to reduce operational carbon intensity and progress toward science-based reduction pathways.
• Tenant experience and retention: design flexible, technology-enabled work settings that increase occupier satisfaction, achieve high renewal rates, and sustain headline rents.
• Biodiversity and urban greening: incorporate green roofs, façade planting, and courtyard landscaping to boost urban biodiversity and occupant well-being.
• Portfolio expansion with discipline: seek accretive acquisitions and developments that meet strict yield, location, and sustainability criteria.

• Targeted refurbishments to uplift EPC ratings and reduce energy consumption per m².
• Smart building rollouts (IoT sensors, BMS upgrades) to optimize comfort and operating costs.
• Proactive tenant engagement programs to support hybrid-work requirements and improve retention.
• Selective disposal/acquisition strategy to recycle capital into higher-yielding or higher-quality Parisian assets.
• On-site urban greening measures (green roofs, biodiverse planting) to enhance local ecosystems and occupant well-being.

Société Foncière Lyonnaise (FLY.PA) - Vision Statement

• Transform Parisian office stock into energy‑efficient, adaptable workspaces that meet evolving tenant needs and urban policy objectives.
• Pursue selective acquisitions and redevelopment projects that enhance total returns while reducing environmental impact.
• Maintain financial strength and liquidity to support strategic investments and shareholder distributions.

Core Values and How They Translate into Action

• Innovation: SFL integrates cutting‑edge techniques in renovation (high‑performance façades, smart building management, flexible floor plates) and drives pilot projects to lower Scope 1-2 emissions across its portfolio.
• Corporate Responsibility: Compliance and transparency underpin decisions-SFL adheres to French and EU regulatory frameworks, ESG reporting standards (including EPRA guidelines), and engages stakeholders through formal consultations.
• Performance: Focused asset rotation and active leasing aim to maximize rent per sqm and stabilize cash flows to support recurring distributions to shareholders.
• Respect: Internal policies promote workplace diversity, equal opportunity, and wellbeing programs for employees and contractors across project lifecycles.
• Sustainability: Sustainability targets are embedded in CAPEX and asset plans to achieve decarbonisation trajectories compatible with Paris Agreement objectives.
• Customer Focus: Tenant experience initiatives-ergonomic fit‑outs, services, mobility access and biophilic design-drive retention and occupancy quality.

Key Metrics Illustrating the Vision in Numbers (As reported / indicative latest available)

How Values Drive Decision Criteria

• Investment screening: priority to assets allowing technical upgrades that improve energy performance and rental potential.
• Capex allocation: capital directed first to projects that deliver both ESG gains (energy, water, waste) and rental uplift.
• Tenant strategy: favor long‑term corporate occupiers and service‑oriented leases that enhance predictability of cash flows.
• Stakeholder engagement: structured reporting and governance ensure that legal, ethical and employee rights considerations are front and center.

Selected Operational KPIs Linking Vision to Outcomes

Governance and Reporting Anchors

• Regular ESG disclosures aligned with EPRA and TCFD frameworks.
• Board oversight of sustainability targets with cross‑functional implementation committees.
• Active dialogue with financiers to align green financing and loan covenants with decarbonisation projects.