Ascencio strenghtens its presence in its "Bellefleur" retail park in Belgium
15 November 2023 - 3:40AM
Ascencio strenghtens its presence in its "Bellefleur" retail park
in Belgium
On 14 November 2023, Ascencio acquired 100% of
the shares in Holdtub SRL which owns 3 commercial units in the
“Bellefleur” retail park in Couillet (Charleroi, Belgium),
totalling almost 3,000 m2.
These recently redeveloped units are fully let
and occupied by retailers with national or international reach,
namely Jysk, Poltronesofà and Jack&Jones. These retailers are
active in the home furnishings, home decoration and men's fashion
sectors and further enhance the site's commercial mix and the
quality of its customer offering.This acquisition enables Ascencio
to consolidate its presence in a retail space that has been a great
success for almost 10 years.
The investment is based on a property valuation
of €7.0 million, in line with the market value determined by the
expert.The transaction, financed entirely by debt, will have an
estimated positive annual impact of €0.01 per share on the EPRA
Earnings and 0.5% on the Company's debt ratio.
This operation is perfectly aligned with
Ascencio's strategy of investing in retail parks that have the
required intrinsic qualities in terms of location, commercial
appeal and a strong track record.
- Press Release - Acquisition Couillet
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