MRM : Disposal of the Nova building in La Garenne-Colombes for €38 million (excluding transfer taxes)
May 16 2018 - 1:30AM
Press
release
Disposal of the Nova
building in La Garenne-Colombes for €38 million (excluding transfer
taxes)
Paris,
16 May 2018: MRM (Euronext code ISIN FR0000060196), a real
estate investment company specialising in retail property,
announced today the disposal of Nova, an office building located at
the heart of the new business district in La Garenne-Colombes,
close to La Défense. The building is 81% occupied and has been sold
to an investment vehicle owned by the TwentyTwo Real Estate and
Massena Partners groups for €38 million (excluding transfer
taxes).
After a comprehensive
redevelopment completed in 2012, the building obtained HQE/NF
tertiary building, HQE Exploitation and BREEAM in Use
certifications. Nova is a multi-tenant building with 10,600 sqm of
office space across 17 floors, with communal services on the ground
floor (canteen, cafeteria and meeting rooms) and 254 parking
spaces. For tenants, Nova is functional, simple to use and easily
accessible due to the numerous forms of public transport available
in the vicinity of the building.
Nova was MRM's last remaining
office building in operation, and this transaction marks the
completion of MRM's move to refocus on owning and managing retail
properties, which began in June 2013. It takes the total amount of
office disposals carried out by MRM since then to
€126 million.
MRM reminds that it has a €35
million investment plan underway for its retail portfolio, covering
seven of its nine existing properties. Investment programmes have
been launched gradually since 2016; the largest of them - the
extension of the Valentin shopping centre near Besançon - is
expected to be completed in 2019.
* * * * *
In relation to the disposal of the
Nova building, MRM was advised by Cushman & Wakefield and by
Maître Olaf Déchin at notary firm ADDH. The buyer was advised by
Scaprim Asset Management, Clifford Chance and the notary firm Allez
& Associés.
* * * * *
Agenda
MRM's general meeting of
shareholders will take place at the company's head office at 10am
on 31 May 2018.
Revenues for the second quarter of 2018 and first-half 2018 results
are due to be published on 27 July 2018 before the market open
and will be presented during an information meeting to be held on
the same day.
About MRM
MRM is a listed real estate investment company that owns and
manages a portfolio in France consisting primarily 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:
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
T +33 (0)1 53 32 61 51
M +33 (0)6 42 37 54 17
isabelle.laurent@ddbfinancial.fr |
Website: www.mrminvest.com
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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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