PARIS--(BUSINESS WIRE)--Regulatory News:
Fabrice Haurani, who has been in charge of Mercialys’ (Paris:MERY) Asset Management teams since 2016, has been appointed Head of Acquisitions and Sales. This appointment is aligned with the evolving roles within the Company.
After starting out with Covivio (previously Foncière des Régions), in 2009 Fabrice Haurani joined Mercialys, where he has spent a large part of his career.
As Head of Asset Management since 2016, he was in charge of shopping center development, transformation and value creation.
He will now be responsible for activities to acquire and sell assets across the portfolio, covering both shopping centers and high-street retail assets.
He will continue to head up Mercialys’ ongoing asset rotation program and will have a mission to identify and capitalize on value-creating investment opportunities outside of the Company’s current scope.
Fabrice Haurani is a member of the Management Committee.
* * *
This press release is available on www.mercialys.com
Mercialys is one of France’s leading real estate companies, focused exclusively on shopping centers and high-street retail assets. At December 31, 2019, Mercialys had a portfolio of 2,144 leases, representing a rental value of Euro 180.6 million on an annualized basis. At December 31, 2019, it owned properties with an estimated value of Euro 3.6 billion (including transfer taxes). Mercialys has had “SIIC” real estate investment trust (REIT) tax status since November 1, 2005 and has been listed on Euronext Paris Compartment A (ticker: MERY) since its initial public offering on October 12, 2005. At December 31, 2019, there were 92,049,169 shares outstanding.
This press release contains certain forward-looking statements regarding future events, trends, projects or targets. These forward-looking statements are subject to identified and unidentified risks and uncertainties that could cause actual results to differ materially from the results anticipated in the forward-looking statements. Please refer to Mercialys’ Universal Registration Document available at www.mercialys.com for the year ended December 31, 2019 for more details regarding certain factors, risks and uncertainties that could affect Mercialys’ business. Mercialys makes no undertaking in any form to publish updates or adjustments to these forward-looking statements, nor to report new information, new future events or any other circumstances that might cause these statements to be revised.