Mercialys : Looking ahead, taking a patient stance pending ongoing dilution of Casino risk
>Rental exposure to Casino still high but set to be diluted in the medium term - We accompanied Vincent Ravat (CEO) and Olivier Pouteau (HIR) on Thursday 31 August for their first-half roadshow in the Netherlands.According to the CEO, Casino’s ongoing financial restructuring is a positive development in terms of the risk of payment default and he sees the medium-term diversification of the food retailers operating in the REIT’s centres in a positive light, even t...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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