Disposal of two non-strategic assets
October 07 2021 - 12:30AM
Disposal of two non-strategic assets
Press release
Disposal of two non-strategic
assets
- Sale of a logistics
warehouse and a small vacant stand-alone property for a total of
€4.9 million (excluding transfer taxes)
Paris, 7
October 2021: MRM (Euronext code ISIN
FR0000060196), a real estate investment company specialising in
retail property, today announced the sale of two properties
representing 10,200 sqm altogether for a total €4.9 million
(excluding transfer taxes), 13% above the properties’ valuations as
at end-June 2021.
These disposals concern two non-strategic assets
in the Gamm Vert sub-portfolio acquired in 2007. They are:
- A 8,600 sqm
warehouse in Mer (Loir-et-Cher), currently let to Gamm Vert. The
warehouse has been sold to a foreign investor specialising in
industrial and logistics developments.
- A 1,600 sqm
stand-alone property in Salbris (Loir-et-Cher) that was vacated by
Gamm Vert in 2020. This property has been sold to a local
independent investor.
These disposals fall within the framework of
MRM’s dynamic management of its property portfolio, having
previously announced that it is looking into potential acquisitions
as well as possible disposals in a selective manner.
François Matray, Chief Executive Officer of MRM,
commented: “In addition to selling a small stand-alone
property that had been vacant since
2020, the sale of the only logistics
property in our portfolio enables
MRM to complete
its refocus on retail property. These
disposals, carried out for a total amount above
the properties’ valuations as at end-June
2021, also
contribute to
strengthening the company’s cash
position and give us more leeway with a view to being able to carry
out potential acquisitions.”
Calendar
Financial information for the 3rd quarter of
2021 will be published before the market opens on 4 November
2021.
About MRM
MRM is a listed real estate investment company
that owns and manages a portfolio of retail properties across
several regions of France. Its majority shareholder is SCOR SE,
which owns 59.9% of share capital. MRM is listed in Compartment C
of Euronext Paris (ISIN: FR0000060196 - Bloomberg code: MRM:FP –
Reuters code: MRM.PA). MRM opted for SIIC status on 1 January
2008.
For more information:
MRM5, avenue Kléber75795 Paris Cedex 16FranceT +33
(0)1 58 44 70 00relation_finances@mrminvest.com |
Isabelle Laurent,
OPRG FinancialT +33 (0)1 53 32 61 51M +33 (0)6 42
37 54 17isabelle.laurent@oprgfinancial.fr |
Website: www.mrminvest.com
- PR Disposals MRM Octobre 2021 04 10 2021 final
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