Sale of an office building located rue Cadet, Paris (9th district) for €12 million
Paris, 10 April 2014: MRM (Euronext ISIN code FR00000601960060196), a real estate investment company specialising in retail and office property, announced today the sale of an office building located 5 rue Cadet, Paris (9th district).
This 2,300 sq.m multi-tenant building is fully let. It has been sold for a price of €12 million (excluding transfer taxes) to a provident institution.
The sale of this asset is in line with the strategy of gradually refocusing MRM's business activities on the ownership and management of retail properties.
For this transaction, MRM was advised by CBRE Global Investors, MRM's asset manager, Alex Bolton and BNP Paribas Real Estate France as well as by notary firm Etude Lasaygues et Associés.
Calendar
Revenues for the first quarter of 2014 are due on 15 May 2014 before market opening.
About MRM
MRM is a listed real estate company with a portfolio worth €261.1 million (excluding transfer taxes) as at 31 December 2013, comprising retail properties (58.0%) and offices (42.0%). Since 29 May 2013, SCOR SE has been MRM's main shareholder, holding a 59.9% stake. On the same day, MRM and its subsidiaries have concluded with CBRE Global Investors a new real estate asset management agreement. MRM is listed in compartment C of NYSE Euronext Paris (ISIN: FR0000060196 - Bloomberg code: MRM: FP - Reuters code: MRM.PA). It opted for the SIIC status on 1 January 2008.
For more information
MRM contacts:
MRM
5, avenue Kléber
75795 Paris Cedex 16
France
T +33 (0)1 58 44 70 00
relation_finances@mrminvest.com
DDB Financial
Isabelle Laurent
54, rue de Clichy
75009 Paris
France
T +33 (0)1 53 32 61 51
isabelle.laurent@ddbfinancial.fr
Site Internet: www.mrminvest.com
