An immediately accretive strategic acquisition
Mercialys has acquired, from a private investor, a retail park adjacent to its Shop•Park Toulouse Fenouillet. This transaction further strengthens its control over the site and enhances its value creation potential.
The acquired asset, comprising the buildings and associated parking areas, totals more than 8,200 sqm of GLA and includes six mid-sized retail units, fully let to leading brands such as Nike, Picard, Centrakor and Maxi Zoo. Its central location within the Shop•Park perimeter makes it an immediate driver of both commercial and operational performance.
The €18.0 million acquisition price (including transfer tax) delivers an immediate yield significantly above Mercialys’ portfolio average appraisal yield.
