MRM : Sale of the Urban building in Montreuil (Seine-Saint-Denis department)
January 30 2019 - 1:30AM
Press release
Sale of the Urban
building in Montreuil (Seine-Saint-Denis department)
Paris, 30 January
2019: MRM (Euronext code ISIN: FR0000060196), a real estate
company specialising in retail property, today announced the sale
of Urban, a 8,000 sqm vacant office building which is part of
La Croix de Chavaux real estate complex located in Montreuil.
This disposal marks the completion
of MRM's plan to refocus on retail property, which was launched in
June 2013. This transaction has increased to €132 million the total
amount of office assets sales proceeds collected by MRM since
then.
MRM reminds that, since 2016, it
has been implementing a €35 million investment plan for its
retail portfolio encompassing seven of its existing nine asset
lines. Launch of the various programmes has been phased that year,
with the last (and also the largest, i.e. the extension to the
Valentin shopping centre extension) due to be completed early
2020.
* * * * *
MRM was advised on this
transaction by Colliers International and by notarial firm
Lasaygues & Associés.
* * * * *
Calendar
Revenues for the fourth quarter
and 2018 full-year results are due out on 22 February 2019 before
market opening and will be presented at 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
Download the press release in
PDF
This
announcement is distributed by West Corporation on behalf of West
Corporation 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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