MRM - 2020 Universal Registration Document

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General information on the issuer and its share capital

Consolidated financial statements for the financial year ended 31 December 2020

Description of investment properties

Date of acquisition

GLA area (Sqm)

Property

Address

Type

24-26, place Étienne Marcel 41, boulevard Vauban 78180 Montigny-le-Bretonneux

10/27/2004

11,604

Retail

Sud Canal

2, rue de l’Étape 51100 Reims

Reims

11/10/2004

2,779

Retail

25, place de la Réunion 68100 Mulhouse 17-19, place Jean Jaurès 37000 Tours Place Maurice Vast 80000 Amiens ZAC du Vivier Route de la Bérardière 72700 Allonnes

Passage de la Réunion

04/15/2005

6,014

Retail

06/16/2006 and 09/28/2007

Passage du Palais

6,802

Retail

Halles du Beffroi

08/31/2006

7,405

Retail

12/20/2005 and 06/20/2017

12,804

Retail

Aria Parc

6, rue Châtillon 25480 Besançon Ecole-Valentin 16-18, avenue Morane Saulnier 2-4, avenue de Europe 78140 Vélizy-Villacoublay

Valentin shopping centre

12/27/2007

6,675

Retail

12/30/2005

11,624

Retail

Carré Vélizy

12/21/2017 and 05/27/2008

Gamm Vert portfolio

Multiple sites

22,050

Retail

TOTAL

87,757

The appraiser fees are fixed and totalled €48 thousand in 2020 compared with €50 thousand in 2019. The fees are determined before the appraisal is carried out and are not proportional to the value of the assets appraised. For JLL Expertises and BNP Paribas Real Estate, the fees invoiced to the Group represent an insignifcant percentage of their revenue.

Appraiser fees The Group has its portfolio appraised twice a year by independent appraisers, on 30 June and 31 December. In accordance with the Group’s policy of rotating appraisers every fve years, the independent appraiser BNP Paribas Real Estate was appointed in 2020 to appraise the portfolio alongside JLL Expertises.

4.6 Assets held for sale

Accounting principles

Under IFRS 5, assets and liabilities that the Company has decided to sell and the carrying amount which will be recovered principally through a sale transaction rather than through continuing use are to be classified as “Assets held for sale” and “Liabilities held for sale”.

The “Assets held for sale” item includes all receivables on benefits granted to property tenants.

For the sale to be highly likely, an asset sale plan must have been undertaken, and an active programme for finding a buyer must have been launched. Properties in this category continue to be measured using the fair-value model as follows: • property under sale agreement: sale value in the sale agreement net of the costs and commission required to complete the sale; • property for sale: appraisal value excluding transfer taxes net of costs and commission required to complete the sale.

M.R.M. 2020 UNIVERSAL REGISTRATION DOCUMENT

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