Mercialys tops SBF 120 on French shopping centre purchase

Mercialys SA

10/06/2025 08:41

** Shares in Mercialys MERY.PA edge up 2% after the French real estate operator announced the acquisition of the Saint-Genis 2 shopping centre in Lyon, France

** The price is 146 million euros including transfer taxes for the 38,500sqm centre, Mercialys said

** Degroof Petercam deems the news positive, adding the company "seized a nice investment opportunity in one of the most dynamic and wealthiest city in France"

** Investment yield should be close to 8% and will have an accretive impact on earnings, the broker adds, keeping its "buy" rating

** Shares are on track for their best day since mid-May

** They trade at the top of France's SBF 120 .SBF120 index

 (Reporting by Olivier Cherfan)

 ((olivier.cherfan@thomsonreuters.com))