Ascencio EUR 8.55m retail park divestment
Yesterday evening Ascencio divested a EUR 8.55m retail park in Jemappes. The retail park was built in 1966 and bought by Ascencio in FY08. It is sold to a private investor. The property is 10.335m2 or EUR 827/m2 (net). The occupancy rate at 3Q23 reporting was 68%. Likely leases were not renewed as this was a sales candidate. The annual contractual rent (at 68% occupancy) amounted to EUR 601k. The ERV is 810k or approx. 9.2% GIY. The sales value is in line with the book value at 3Q23. The asset was led to sportdirect.com, dreamland and Auto 5.Ascencio SCA is a Belgium-based real estate investment company. Its investments are mainly focused on properties in the retail and warehouses sector and the food industry in Belgium and France. The majority of its holdings are situated in Wallonia Region of Belgium, also in Flanders, in Brussels and in France. The Company's clients include Carrefour, Champion, Decathlon, Delhaize and others. Ascencio SCA has several wholly owned subsidiaries, such as Etudibel SA, SCI Candice Brives, SCI Echirolles Grugliasco, SCI Harfleur 2005, SCI Kevin, SCI La Pierre de l'Isle, SCI Mas des Abeilles, SCI ZTF Essey les Nancy, SCI Cannet Jourdan, SCI De La Cote, SCI Du Rond Point, SCI Seynod Barral, SCI Clermont Saint Jean and Les Papeteries de Genval , among others.
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