Mercialys is announcing the sale of four hypermarkets to a club deal formed by Foncière Magellan, MTV Capital and Ciméa Patrimoine. Mercialys owned 51% of these assets, with the remaining part held by a fund managed by BNP Paribas REIM France. This sale was completed at a price in line with the latest appraisal values.
As part of this transaction, Mercialys also sold two additional fully-owned ancillary assets.
This transaction represents a total net sales price of €117.5 million. This sale will help improve the loan to value (LTV) ratio to 38.3% excluding transfer taxes on a proforma basis, compared with 38.9% at end-2023.
