On June 29, 2017, Mercialys completed the sale of the Poitiers Beaulieu site to a family office financed by HSBC.
This shopping center was fully renovated in 2016 and has benefited from New Yorker's deployment of its new store concept over 1,100 sq.m during the first half of 2017.
This transaction is based on a price of Euro 78 million including transfer tax, delivering an exit yield of 5.8% and an IRR of 9.3%.
This operation is enabling Mercialys to realize the value created over the years with this quality site and is fully aligned with the company's strategy, announced at the start of the year, to reduce its loan to value (LTV) ratio and finance a highly accretive development pipeline.
