Disposal of two non-strategic assets
- Sale of a logistics warehouse and a small isolated vacant building for a total amount of â¬ 4.9 million (excluding duties)
Paris, 7 October 2021: MRM (Euronext code ISIN FR0000060196), a real estate investment company specializing in commercial real estate, today announces the sale of two buildings representing a total of 10,200 mÂ² for a total amount of â¬ 4.9 million (excluding duties), i.e. 13% above the valuations of buildings at the end of June 2021.
These disposals concern two non-strategic assets of the Gamm Vert sub-portfolio acquired in 2007. They are:
- An 8,600 mÂ² warehouse in Mer (Loir-et-Cher), currently leased to Gamm Vert. The warehouse was sold to a foreign investor specializing in industrial and logistical developments.
- A 1600 mÂ² detached property in Salbris (Loir-et-Cher) which was released by Gamm Vert in 2020. This property has been sold to a local independent investor.
These disposals are part of the dynamic management by MRM of its real estate assets, having previously announced that it was selectively studying potential acquisitions as well as any disposals.
FranÃ§ois Matray, Managing Director of MRM, said: âIn addition to selling a small independent property that had been vacant for 2020, the sale of the only logistics building in our portfolio allowss MRM at Completed his refocus on commercial real estate. These disposals, carried out for a total amount greater than the valuations of the buildings at the end of June 2021, too to contribute strengthenis lying the company’s cash flow and gives us more leeway in order to be able to make any acquisitions.
Financial information for the 3rd quarter 2021 will be published before the market opens on November 4, 2021.
MRM is a listed real estate investment company that owns and manages a portfolio of businesses in several regions of France. Its majority shareholder is SCOR SE, which holds 59.9% of the capital. MRM is listed on compartment C of Euronext Paris (ISIN: FR0000060196 – Bloomberg code: MRM: FP – Reuters code: MRM.PA). MRM opted for SIIC status on January 1, 2008.
For more information:
5, avenue KlÃ©ber
75795 Paris Cedex 16
T +33 (0) 1 58 44 70 00
|Isabelle Laurent, OPRG Financial
T +33 (0) 1 53 32 61 51
+33 (0) 6 42 37 54 17
- PR Disposals MRM October 2021 04 10 2021 final