Press release - Auchan . com
Transcription
Press release - Auchan . com
PRESS RELEASE Croix, 28 January 2013 COMMERCIAL REAL ESTATE / RETAIL / ECONOMY / FINANCE IMMOCHAN SELLS A PORTFOLIO OF COMMERCIAL ASSETS IN FRANCE FOR MORE THAN €160 MILLION As part of its development strategy to establish partnerships with public and private investors, Immochan announces that on 23 January 2013 it signed an agreement with a first-rate investor for the sale of seven commercial assets in France for more than €160 million. The sale concerns three shopping arcades and four retail parks, with a total surface area of nearly 60,000 m², located in Aubagne, Bordeaux, Cambrai, Nantes, Nice and Noyelles Godault. Under the terms of the transaction, which is subject to approval by the competition authority, Immochan will keep a 20% stake in the company that owns the assets. The purpose of this company is to develop its portfolio as and when acquisition opportunities arise. Immochan will oversee the management of the sites as part of a management mandate. The purpose of this outsourcing operation is to finance Immochan's expansion, which involves plans to create shopping centres and extend shopping arcades comprising a total surface area of roughly 700,000 m² over the next three years in France and the twelve other countries in which Groupe Auchan operates, a total of 70 projects that embody Immochan's role and expertise as it accompanies Groupe Auchan in its development. This operation comes at an industrious time for Immochan with the recent opening of Zenia Boulevard in Spain (80,000 m²) and Lomianki in Poland (33,600 m²), the planned opening of Aquarelle in Russia (92,140 m²) in the first quarter of 2013, and the acquisition of seven Hungarian shopping centres from Cora as well as the 49% stake owned by Simon Property Group in GCI, lmmochan's Italian subsidiary. *** Press contact at Immochan: Assya Guettaf – Tel: +33 (0)3 59 35 96 30 - [email protected] About Immochan - Founded in 1976, Groupe Auchan's real estate subsidiary, Immochan, is one of Europe's leading shopping centre real estate developers, with revenue of €600 million in 2012. It has developed its expertise as a global operator around four key businesses: real estate development, marketing, operation and management. Its strategy of global responsibility ensures stability and long-term prospects for the public and private partners involved in all of its projects. KEY FIGURES: 340 shopping centres // 14,000 trading partners // 2 million m² in shopping centres under management // 1.2 million m² in retail parks // 12 countries // 630 employees.