MRM : Sale of the Cap Cergy property in Cergy-Pontoise (95) for €21.1 million (excluding transfer taxes)
Source: Nasdaq GlobeNewswire / 21 Dec 2016 01:30:33 America/New_York
Sale of the Cap Cergy property in Cergy-Pontoise (95)
for €21.1 million (excluding transfer taxes)
Paris, 21 December 2016: MRM (Euronext code ISIN FR0000060196), a real estate company specialising in retail and office property, announced today the sale of Cap Cergy, an office building located in Cergy-Pontoise (95) to La Participation Foncière Opportunité and La Participation Foncière 1, two SCPI managed by Perial Asset Management, for €21.1 million (excluding transfer taxes). This 12,500 sqm fully renovated building is almost entirely occupied by multiple tenants within the framework of firm lease periods of 6 or 9 years.
The sale of the Cap Cergy property is part of MRM's strategic drive to refocus progressively on retail property ownership and management. This disposal has increased to €88.0 million the total amount of office asset disposition gross proceeds since MRM initiated its strategy in June 2013. Cap Cergy is the seventh disposition out of the nine office properties held by MRM at that date.
MRM was advised on this transaction by CBRE Global Investors, asset manager, and by BNP Paribas RE and Savills, as well as by notary firm Lasaygues et Associés. Buyers were advised by notary firm ADDH (Mr. Olaf Déchin).
Revenues for the fourth quarter of 2016 and 2016 full-year results are due on 24 February 2017 before market opening and will be presented during an information meeting to be held on the same day.
MRM is a listed real estate company with a portfolio worth €224.4 million (excluding transfer taxes) as at 30 June 2016, comprising retail properties (66%) and offices (34%). Since 29 May 2013, SCOR SE has been MRM's main shareholder, holding a 59.9% stake. MRM is listed in compartment C of Euronext Paris (ISIN: FR0000060196 - Bloomberg code: MRM: FP - Reuters code: MRM.PA) and opted for the SIIC status on 1 January 2008.
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Source: MRM via Globenewswire