M.R.M : Sale of five out-of-town retail properties for a total of €14.2 million
02/08/2012 | 05:40am
Press release
Sale of five out-of-town retail properties for
a total of €14.2 million
Paris, 8 February 2012: MRM (Euronext ISIN code
FR00000601960060196), a mixed real estate investment company
specialising in retail and office property, announced today
the sale of five out-of- town retail properties for a total
of €14.2 million excluding transfer taxes.
MRM signed the definitive agreement to sell five properties
representing a total of 5,580 sqm. The properties are fully
let to national retailers (Interior's, Poltronesofa and 4
Pieds, Besson, King Jouet, Dekra and Carglass) and located in
the Paris region at Montigny-les-Cormeilles and Pierrelaye
(95), Coignières (78), Claye Souilly (77) and Créteil
(94).
Following repayment of the debt attached to these properties,
net cash resulting from this transaction
will contribute to the financing of MRM's planned
investments.
The buyer is Pierre Plus, a SCPI real estate investment trust
managed by asset management company
Ciloger, a subsidiary of the Caisse d'Epargne Group and La
Banque Postale.
MRM was advised by Cushman & Wakefield and Savills, as well
as by notary firm Didier Lasaygues. The buyer was advised by
notary firm Olaf Dechin.
Calendar
2011 revenues and results will be published on 28 February
2012 before the market opens and will be presented during an
information meeting to be held on the same day.
About MRM
A listed real estate investment company, MRM owns a mixed
portfolio of office and retail properties comprising both
stabilised assets and value-added opportunities. Its
portfolio has been built up gradually since the second half
of 2007 with the contribution of properties from Dynamique
Bureaux and Commerces Rendement, two
investment companies created and managed by CBRE Global
Investors, and acquisitions carried out directly by
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its subsidiaries. MRM's real estate operations are
managed by CBRE Global Investors. MRM is listed in
Compartment C of Euronext Paris (Bloomberg code: MRM:FP -
Reuters code: MRM.PA).
For more information, contact:
Isabelle Laurent
MRM DDB Financial
65/67, avenue des Champs-Elysées 55, rue d'Amsterdam
75008 Paris, France 75008 Paris, France
T +33 (0)1 58 62 55 55 T +33 (0)1 53 32 61 51
relation_finances@mrminvest.com
isabelle.laurent@ddbfinancial.fr
Website: www.mrminvest.com
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