News Release
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Apr 07,2015
Sale of Plaza office building in Paris (12e) for €16.8 million
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Paris, 7 April 2015: MRM (Euronext ISIN code FR00000601960060196), a real estate investment company specializing in retail and office property, announced today the sale of Plaza, an office building located at 43, rue de la Brêche-aux-Loups, Paris (12e). This 2,900 sq.m multi-tenant building is 85% occupied. It has been sold for a price of €16.8 million (excluding transfer taxes) to the SCPI Allianz Pierre managed by par Immovalor Gestion. This sale forms part of MRM’s strategy of gradually shifting its focus to the ownership and management of retail property assets. It brings to €49.7 million the total proceeds of MRM office properties disposals since June 2013, when the new strategy was initiated. In this transaction MRM was advised by CBRE Global Investors, JLL, Alex Bolton as well as notaries Lasaygues et Associés. Allianz Pierre was advised by notaries André Begon and François de Keghel. Calendar Revenues for the first quarter of 2015 are due on 14 May 2015 before market opening. About MRM MRM is a listed real estate company with a portfolio worth €232.2 million (excluding transfer taxes) as at 31 December 2014, comprising retail properties (62%) and offices (38%). Since 29 May 2013, SCOR SE has been MRM’s main shareholder, holding a 59.9% stake. MRM is advised by CBRE Global Investors on the management of its properties. MRM is listed in compartment C of NYSE Euronext Paris (ISIN: FR0000060196 - Bloomberg code: MRM: FP – Reuters code: MRM.PA) and opted for the SIIC status on 1 January 2008. For more information:
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