Mercialis FY 2007 rents EUR 99.5m, up 21.9% y-o-y

French property firm Mercialis on Thursday reported rental revenues of EUR 99.5 mln for the full year 2007, up 21.9% on 2006. Full-year invoiced rents rose 21.1% to EUR 97.7 mln. With 9.3% of this growth organic and 2006 and 2007 acquisitions accounting for 13.2%.

The value of Mercialis’s commercial property portfolio stood at EUR 1.9 bn at year-end 2007, up 42% compared with year-end 2006. The average yield on the 167 assets was 5.5%, down from 5.8% at end-June and 6.3% at year-end 2006.