BPD Europe closes deal for the sale of BPD Europe’s French subsidiary BPD Marignan

15 November 2018 – BPD Europe BV announces today that it has closed the sale of 100% of the shares of its French subsidiary BPD Marignan to a joint venture of Les Nouveaux Constructeurs (LNC) and PW Real Estate Fund III LP, which is a fund managed by Aermont Capital (the Aermont Fund). The acquired entity is owned 60% by LNC and 40% by the Aermont Fund. Financial details will not be disclosed.