French shipbuilder pledges P1 5-B shipyard project in PH – Manila Bulletin
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French firm eyes shipyard in Philippines
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Mercialys: 2020 Results
Mercialys (Paris:MERY):
Balance sheet positions effectively under control. Significant asset sales completed at end-December 2020, with a net cash-in of around Euro 150 million. Four Monoprix stores and two hypermarkets sold to leading institutional investors, highlighting their interest in retail assets that generate sustainable cashflows.
Loan to value (LTV) ratio excluding transfer taxes of 38.1%, down -302bp from end-June 2020. LTV including transfer taxes of 35.8%
Portfolio value resilient, consolidated by asset disposals. Limited contraction in the portfolio value including transfer taxes, with -2.3% like-for-like over six months and -5.5% over 12 months. Average appraisal yield rate of 5.72% vs. 5.49% at end-June 2020 and 5.26% at end-December 2019. EPRA NDV of Euro 18.42 per share, -7.4% over six months and -7.9% over 12 months
Mercialys: Update on the New Measures to Close Non-Food Stores Announced by the French Government on January 29, 2021
(Paris:MERY):
On January 29, 2021, the French Ministry for the Economy, Finance and the Recovery ordered the closure of all non-food stores with over 20,000 sq.m of gross leasable area, as well as non-food stores in shopping centers with a gross leasable area of over 20,000 sq.m. This definition is extremely broad, as the 20,000 sq.m is calculated by adding together all of a site s areas for food or non-food stores, as well as their stockroom and office areas.
Furthermore, the French Government has stated that food stores in shopping centers will remain open, whether they are supermarkets or specialist food stores (e.g. bakeries). Pharmacies will also be exempt and will remain open. In addition, it announced that the minimum space ratio per person has been reinforced for all retail spaces (stores over 400 sq.m and shopping centers), based on one person per 10 sq.