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High Street retail projects

Mercialys is further strengthening its positioning as the leading real estate group for local-format centers by launching a city center retail business line. In this context, Mercialys has acquired seven sites for transformation from Monoprix in line with its ambition over the medium term to :

  • extend and renovate the MONOPRIX stores,

  • develop mixed-use urban projects.


Investments in this segment are focused on two fundamentals :

  • The assets’ locations, with Mercialys targeting prime sites in urban areas with dynamic demographics or purchasing power levels that are higher than the national average.

  • The assets acquired will need to offer potential for development by Mercialys, through mixed-use urban projects with stores and offices, hotels or housing. These projects will be able to be carried out with specialist partners and will help further strengthen the site’s overall appeal.


Moving forward, Mercialys will exclusively retain retail assets in its portfolio. It is building this approach with Monoprix, a brand that offers an extremely strong positioning.

Seven sites for transformation

In December 2015, Mercialys acquired five sites for a total of Euro 110.6 million (including commissions and fees). These assets are located in areas with positive purchasing power trends in the Inner Rim to the west of Paris (Puteaux, Asnières and Chaville) and on the Franco-Belgian border (Marcq-en-Barœul south of Lille), as well as a city center location in Marseille’s Canebière sector.


On June 29, 2016, Mercialys also acquired two Monoprix sites for transformation in Saint-Germain-en-Laye and La Garenne-Colombes close to Paris. This investment represented a total of Euro 69.6 million.