ALTAREA (EPA:ALTA) - ALTAREA COGEDIM SELLS THE SHOPPING CENTER LA TOUR DES CAPUCINS IN THIONVILLE
Transparency directive : regulatory news
07/02/2012 19:34
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Press release February 2, 2012ALTAREA COGEDIM SELLS THE SHOPPING CENTER "LA COURS DES CAPUCINS" IN THIONVILLE
ALTAREA COGEDIM sells the shopping center " La Cour des Capucins " to M&G's
European Property Fund, represented and advised by PRUPIM and DTZ Asset
Management.
Located in the very heart of Thionville, close to Luxembourg, the asset was
delivered in August 2011. The scheme offers circa 8,600 sqm of gross lettable
area and consists of 40 shops including Carrefour Market and Espace Culturel
Leclerc. In addition it offers 400 parking units.
ALTAREA will retain the management of the asset on behalf of M&G. The asset was
sold for an amount close to EUR31.2 mln.
The vendor was advised by SCP Clerc Beuriot Leroy Jubault and Easton Corporate
Finance. Monassier et Associés and Hogan Lovells were respectively the notary
and the legal adviser of the buyer.
About Altarea Cogedim
Altarea Cogedim is a leading property group. As both a retail property investor
and a developer, it is the only group active in all three principal segments of
the property market, i.e. retail, residential and office, in which it boasts the
expertise to design, develop, let and manage customised property products. With
risk exposure tailored to its long-term vision, the Group's approach to value
creation is predicated on the design and construction of its products, enabling
it to seize the best opportunities in the real estate sector.
With operations in France and Italy, Altarea Cogedim had an asset portfolio
worth EUR2.7 billion at 30 June 2011.
Altarea is listed in Compartment A of NYSE Euronext Paris with a market
capitalization of EUR1.2 billion at end-November 2011.
Press contacts:
Nathalie Bardin
Head of Communications
T: +33 1 56 26 25 36 / 33 6 85 26 15 29
nbardin@altareacogedim.com
Valérie Jardat
Côté Jardat
T: + 33 1 41 05 94 10 / 33 6 12 05 18 35
valerie.jardat@cote-jardat.fr
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