Report
Florent Laroche-Joubert

Mercialys : More visibility on the investment outlook

>The transfer of Casino stores opens the path to repositioning - We were with Vincent Ravat (CEO), Elizabeth Blaise (deputy-CEO) and Olivier Pouteau (HIR) at the group’s road show in Paris at the end of last week.The imminent transfer of the business capital of the Casino stores opens the prospect of a repositioning, whilst the REIT has previously been penalised by the perception of risk associated with Casino and a halt to the project to reposition its hypermark...
Underlying
Mercialys SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Florent Laroche-Joubert

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