MRM_REGISTRATION_DOCUMENT_2017
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Information on M.R.M.’s activities
Business overview
3 LEASE MATURITIES OF OFFICE PROPERTIES MAIN TENANTS
Type of lease Maturity
% of retail rents
Tenants
Commercial (6/9/12) 01/2021 Commercial (6/9/12) 07/2021 Commercial (3/6/9) 12/2025 Commercial (3/6/9) 10/2023 Commercial (3/6/9/12) 09/2020 Commercial (3/6/9/10) 08/2026 Commercial (3/6/9) 12/2025 Commercial (3/6/9) 03/2023 Commercial (6/9/10) 05/2027 Commercial (3/6/9/12) 03/2018
Tenant No. 1
5.3%
Tenant No. 2
4.9%
Tenant No. 3
3.4%
Tenant No. 4
2.7%
Tenant No. 5
2.6%
Tenant No. 6
2.3%
Tenant No. 7
2.2%
Tenant No. 8
2.1%
Tenant No. 9
1.9%
Tenant No. 10
1.8%
TOTAL RENT FROM 10 MAIN TENANTS
29.1%
Annual retail rents
100%
Office portfolio Office property assets are located in business and industrial areas in the Paris region. The Group’s aim is to finalise the disposal of the last two properties in its office portfolio in 2018 and thereby complete its refocus on its retail property business. As of 31 December 2017, the office portfolio covered a total area of 18,629 sqm and was valued at €40.6 million excluding transfer taxes.
Of this portfolio, two leases representing total annual rent of €0.3 million were signed in 2017. As of 1 January 2018, the office portfolio comprised one vacant property held for sale as is and one occupied property generating net annualised rent of €2.0 million, up from 1 January 2017. The occupancy rate of offices in use rose from 69% on 1 January 2017 to 78% on 1 January 2018. However, two leases signed in the first quarter of 2018 will raise the occupancy rate to 88%.
M.R.M. 2017 REGISTRATION DOCUMENT
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