(Boursier.com) — MRM a real estate company specializing in retail property, today announces the completion of the acquisition fromAltarea of two shopping centers, by way of disposals and contributions in kind, for a total amount of 90.4 million euros (including duties), and its financing.
Located in Flins-sur-Seine (Yvelines) and Ollioules (Var), the Divested Assets – both adjoining Carrefour hypermarkets – are reference centers in their catchment area. These are high-performance assets, combining yield and potential for value creation. This transaction, transforming for MRM, results in an increase of more than 50% in the value of its assets, prospects for improving its profitability and a change in its shareholder structure, while maintaining the Company’s net debt. at a controlled level.
François de Varenne, Chairman of the Board of Directors of MRM, declared: “The completion of this significant and structuring external growth operation marks a real change of dimension for MRM. It allows it to increase by more than 50% the value of its assets while maintaining a controlled level of debt. We are delighted to count Altarea, a benchmark player in real estate, among our Company’s shareholders. This entry into the capital of MRM is a sign of confidence in the ability of our Company to create value.”
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