Press Release
Sale of Delta office complex in Rungis (94) for €10.5 million
Paris, 16 September 2014 MRM (Euronext code ISIN FR0000060196), a real estate company specialising in retail and office property, announced today the sale of Delta, an office complex consisting of two buildings located at 3-5, rue du Pont des halles, Rungis (94).
This multi-tenant development has total floor area of 8,700m² with an occupancy rate of over 80%. It has been sold to a private investor for €10.5 million, excluding transfer duties.
This sale forms part of MRM's strategy of gradually shifting its focus to the ownership and management of retail property assets. It brings to €33 million the total proceeds of MRM office properties disposals since June 2013, when the new strategy was initiated.
In this transaction MRM was advised by CBRE Global Investors, its asset manager, Keops and BNP Paribas Real Estate France and notaries Lasaygues et Associés.
Calendar
Revenues for the third quarter of 2014 are due on 6 November 2014 before market opening.
About MRM
MRM is a listed real estate company with a portfolio worth €244.1 million (excluding transfer taxes) as at 30 June 2014, comprising retail properties (60%) and offices (40%). Since 29 May 2013, SCOR SE has been MRM's main shareholder, holding a 59.9% stake. MRM is advised by CBRE Global Investors on the management of its properties. MRM is listed in compartment C of NYSE Euronext Paris (ISIN: FR0000060196 - Bloomberg code: MRM:FP - Reuters code: MRM.PA) and opted for the 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 54, rue de Clichy 75009 Paris France T +33 (0)1 53 32 61 51 isabelle.laurent@ddbfinancial.fr |
Website: www.mrminvest.com
