Mercialys : Management cautious but confident in weathering the crisis
>A good deal of caution for end-2020 after a robust recovery in the summer - In mid-September, we accompanied Mercialys’ management, Vincent Ravat (CEO) and Elizabeth Blaise (deputy CEO), for its road show following the publication of the group’s interim. Even though the resumption of activity was robust during the summer period (levels of footfall at 90-95% vs July and August 2019), management is very cautious on the end of the year. The autumn is set to be less favo...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.
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