PR Newswire/Les Echos/
Press release June 1rst 2011
ALTAREA COGEDIM SELLS A RETAIL PROPERTY IN CRECHES-SUR-SAONE FOR
EUR20.7 MILLION
Altarea Cogedim has signed the deed of sale for the Parc des Bouchardes retail
park in Creches-surSaône to Ascencio, a closed-end real estate investment fund
(SICAF) specialising in retail warehouses, for EUR 20.7 million, based on a
yield of around 6%. This sale demonstrates investors' high level of interest
in this category of retail properties, one of the main axes of Altarea
Cogedim's expansion.
Opened in spring 2009, the Parc des Bouchardes retail park is an 11,618 m2
site with 18 stores. The site's main retailers include C&A, Casa, Esprit,
Jennyfer, King Jouet, La Halle aux Chaussures and Orchestra. With around 700
parking spaces, the centre forms part of the leading out-of-town shopping
district of the Macon-Sud region, alongside the Carrefour hypermarket and its
shopping mall, in a catchment area of 180,000 people.
"The sale of this retail park for more than the appraisal value demonstrates
the relevance of our strategy in this area. With their mass-market positioning
in an environment in which end consumers are particularly sensitive to price,
retail parks constitute high quality property assets for which we help to
create value. This sale fits in with the active asset management policy we are
pursuing across our entire portfolio, entailing the renovation and extension
of existing properties, as well as arbitrage operations relating to mature
properties. These programmes allow us to finance our expansion and maintain
our rate of growth," comments Alain Taravella, Chairman and Founder of Altarea
Cogedim.
Press contacts:
Nathalie BARDIN Aliénor MIENS
Head of Communications Citigate Dewe Rogerson
+33 1 56 26 25 36 / +33 6 85 54 92 45 +33 1 53 32 84 77 / +33 6 64 32 81 75
nbardin@altareacogedim.com Alienor.miens@citigate.fr
Creches-sur-Saône sale by ALTAREA COGEDIM - Press release - 31 May 2011
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ALTAREA SELLS A RETAIL PROPERTY IN CRECHES SUR SAONE
Jeudi 02 Jun 2011 à 09:00
© 2011 NewsWire
VENTE D'UN ACTIF COMMERCIAL A CRECHES... Article Suivant :
BOURBON - AG 2011 & decision du...
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