Mercialys announces the signature of a binding agreement for the acquisition of the portfolio management company (PMC) Imocom Partners, presented as "the French leader in the Retail Parks segment".

It is planned that from 2023, the shareholders of Imocom Partners will sell 30% of the capital to Mercialys for a price of 7 ME.

The remaining 70% will be acquired by Mercialys in the first half of 2025, at the end of an intermediate period during which the current management team will support the company's development.

The price of this second tranche will be adjusted according to the performance of the SGP and the underlying fund. Each of these two stages is subject to the prior authorization of the Autorité des marchés financiers (AMF).

Imocom Partners manages the OPPCI ImocomPark, a fund that holds a portfolio of 33 retail parks in France, with a total leasable area of over 385,000 m2, leased to nearly 400 tenants. The fund's assets represent a value of 670 ME including transfer taxes, and generate 40 ME in annual rental income.

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