Mercialys : Encouraging recovery but less positive in terms of rental reversion
>Rental management aimed to locking in cash flows - The upswing at Mercialys is built on a genuine recovery at its French shopping centres and active property management to sustain its occupancy rate amid tough pandemic-related conditions (i.e. 3.5 months of disruption in H1 although 36% of shops stayed open during the lockdown):Retailer revenues in June 2021 at 106% of June 2019 level: footfall improved sharpy after the lockdown ended, standing at 91% of the 201...Mercialys is a real estate company, specialized in the transformation and management of shopping centers. Co. manages a portfolio of 91 properties located throughout France at Dec 31, 2013. Co.'s assets are classified into three categories: large regional shopping centers (GLA of over 365,800 sq. m.), neighborhood shopping centers (GLA of over 181,600 sq. m.), and Other assets (40,900 sq. m.). At Dec. 31, 2013, the portfolio comprised 25 large regional shopping centers, 36 neighborhood shopping centers, and 18 other sites such as food stores, specialty stores, independent cafeterias, service malls, and convenience stores, representing a total gross leasable area of about 588,300 sq. m.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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