MRM // 2022 Universal Registration Document

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INFORMATION ON M.R.M.’S ACTIVITIES

General presentation of the Company

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A listed real-estate company and a French Real-Estate Investment Trust or REIT (société d’investissements immobiliers cotée – SIIC) since 1 January 2008, M.R.M. (the “Company”) has held a property asset portfolio valued at €244.9 million excluding transfer taxes, as of 31 December 2022, made up of retail properties in several regions of France. M.R.M. implements an active value-enhancement and asset-management strategy, combining yield and capital appreciation.

Since 29 May 2013, M.R.M.’s main shareholder has been SCOR SE which owns 56.6% of the share capital as of the date of this Universal Registration Document. M.R.M. is a joint-stock company whose shares are admitted to trading on the Euronext Paris regulated market, compartment C (ISIN code: FR00140085W6 – Bloomberg Code: M.R.M. FP – Reuters code: M.R.M. PA).

Presentation of the Acquisition Transaction T completed in 2022

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Pursuing its strategy of diversification and development of its assets, on 28 July 2022, the Company signed a memorandum of understanding with Altarea, SCOR SE, Retail Flins, Retail Ollioules, Foncière Altarea, Alta Ollioules 1 and Alta Ollioules 2 (the “Memorandum of Understanding”), relating to the acquisition from Altarea of two shopping centres (the “Divested Assets”) for a total amount of €90.4 million including transfer taxes (the “Acquisition Transaction”). On 7 December 2022, M.R.M. announced the completion of the Acquisition Transaction and its financing. The Acquisition Transaction enabled M.R.M. to expand. While extending M.R.M.’s geographical presence in two dynamic regions, the Acquisition Transaction significantly increased the size of its portfolio, which increased from €162.0 million as of 31 December 2021 to €244.9 million as of 31 December 2022, an increase of 51.2%. This extension of the portfolio also resulted in a strong increase in the amount of annualised net rents of M.R.M., which rose from €9.3 million as of 1 January 2022 to €15.1 million as of 1 January 2023, thus increasing the annualised net rents target of M.R.M. from €10 million to €16 million. The increase in

Located in Flins-sur-Seine (Yvelines) and in Ollioules (Var), the two properties – both adjacent to Carrefour hypermarkets – are reference centres in their catchment areas. These are high performance assets, combining yield and value-enhancement potential.

A significant increase in the size of the portfolio and rental income

rental income will have a very positive impact on M.R.M.’s net operating cash-flow generation and will enable it to increase its level of profitability through better absorption of its fixed costs. With a positioning of reference properties in their catchment areas, the Flins and Ollioules shopping centres have net rental yield profiles that are very slightly higher than the total return of M.R.M.’s portfolio. Furthermore, they both have value enhancement potential that will give M.R.M. the opportunity to deploy its know-how in asset management (refurbishment, partial redevelopment, dynamic rental management, change in the retailer mix).

M.R.M. 2022 UNIVERSAL REGISTRATION DOCUMENT

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