• MRM : MRM invests in Aria Parc in Allonnes

    Source: Nasdaq GlobeNewswire / 10 Jul 2017 01:30:42   America/New_York

                         Press release

    MRM invests in Aria Parc in Allonnes:

    The group becomes the sole owner of the retail park by acquiring a retail unit, and plans a 2,300sqm extension.

    Paris, 10 July 2017: MRM (Euronext, ISIN FR0000060196), a real estate investment company specialising in retail and office property, today announced two transactions strengthening its interest in the Aria Parc retail park in Allonnes (Sarthe department) and contributing to its development:
                 

    • MRM has acquired the last remaining retail unit it did not already own in the retail park. The 1,500sqm unit was leased in early January 2017 to Basic-Fit, the European leading fitness chain, for a term of 10 years including a 9-year firm period. The acquisition price was €1.8 million excluding transfer duties.
       
    • MRM has signed a lease with a furniture and home decor chain for a new 3,300sqm unit in the retail park, which will be achieved through a 2,300sqm projected extension to a currently vacant 1,000sqm unit.

    The two transactions will increase the retail area owned by MRM at the Allonnes retail park from 9,000sqm to 12,800sqm, the group being the sole owner of the entire park. This is in line with MRM strategy to refocus on retail property and to enhance the value of its shopping centres through an ambitious investment plan, and to make opportunistic acquisitions.

    MRM has brought in house the asset management function for its shopping centres since mid-2015. For these latest transactions, it was advised by Accessite and notary firm Lasaygues & Associés.

    Calendar

    Revenues for the second quarter of 2017 and first-half 2017 results are due on 28 July 2017 before market opening and will be presented during an information meeting to be held on the same day.


    About MRM

    MRM is a listed real estate company with a portfolio worth €197.8 million (excluding transfer taxes) as at 31 December 2016, comprising retail properties (77%) and offices (23%). Since 29 May 2013, SCOR SE has been MRM's main shareholder, holding a 59.9% stake. MRM is listed in compartment C of NYSE Euronext Paris (ISIN: FR0000060196 - Bloomberg code: MRM:FP - Reuters code: MRM.PA). MRM opted for SIIC status on 1 January 2008.

    For more information:

    MRM
    5, avenue Kléber
    75795 Paris Cedex 16
    France
    T +33 (0)1 58 44 70 00
    relation_finances@mrminvest.com
    Isabelle Laurent, DDB Financial
    146, rue du Faubourg Poissonnière
    75010 Paris
    France
    T +33 (0)1 53 32 61 51
    isabelle.laurent@ddbfinancial.fr

    Website: www.mrminvest.com




    This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
    The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    Source: MRM via Globenewswire

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