(Boursier.com) – In the 4th quarter of 2021, Mercialys completed the sale of 2 assets: the Monoprix store in Marseille Canebière and the Carré Duparc retail park located in Sainte-Marie, Réunion.
The company has also signed sales agreements without financing conditions on the hypermarkets in Annecy and Saint-Etienne. These assets illustrate Mercialys’ value creation strategy.
Acquired in 2014, they had since been the subject of transformations.
These disposals allow Mercialys to continue reducing its exposure to its first tenant, the group Casino (22.6% of total Mercialys rents at the end of June 2021).
Mercialys has also sold or signed sales commitments relating to the sale of various lots on non-strategic and dismembered sites.
These arbitrations represent a total volume of 96.6 million euros, deed in hand, of which 28.9 million euros in finalized disposals and 67.6 million euros under sales promises with no financing conditions. The accumulation of sales and sales promises was made on the basis of the value of transactions slightly higher than the appraised value at the end of June 2021.
These arbitrations are part of Mercialys’ asset rotation strategy and refocusing the portfolio on sites with medium-term growth potential. They help further consolidate the company’s balance sheet (the debt ratio, LTV excluding duties, stood at 38.3% at the end of June 2021) and give Mercialys financial leeway to seize creative investment opportunities. of value outside the current scope of the company.
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