Mercialys owns and manages a portfolio of assets, comprised mainly of shopping centres and self-service restaurants adjacent to hypermarkets or supermarkets owned by Groupe Casino. It leases this space primarily to national banners, chain stores or franchises as well as to independent retailers.
With 168 locations across France, totalling a gross leasable area of 757,000 square metres, Mercialys is one of the major players in the country's shopping centre sector.
The company is strategically committed to enhancing and developing its property portfolio and to continuing its growth in the French retail property market, by leveraging, in particular, its privileged relationship with Groupe Casino.
Mercialys derives all of its revenue from shopping centres, a particularly fast growing segment of France's property market. It enjoys fairly good revenue and cash flow visibility, due, in particular, to its annual index-based rent increases, low vacancy rates and low lease termination rates.
Mercialys has chosen to focus on the high value-added activities of asset management, marketing and shopping centre management. Support functions, such as property management, operational work development, surveys, administration, finance and accounting, legal affairs, IT, etc are outsourced to various Groupe Casino units a
