Mercialys bought and sold €648m of assets in 2014

French retail REIT Mercialys has reported €684 mln of investment and disposal transactions in 2014.

Outlining its activities in 2014, Mercialys said it resumed its external growth through two major transactions: the acquisition of eight food stores for €278 mln in late December and four large food stores and various service and restaurant areas for €144 mln in the first half of the year.

All told, Mercialys invested €522 mln during 2014 in existing and on-going projects as well as the acquisitions.

During December the REIT also sold €81 mln of mature or non-strategic assets, lifting its disposal volume for the year to €262 mln as part of its strategy to become a market leader for large shopping centres and community shopping centres.

Mercialys owns €2.6 bn of retail property in France.

PropertyEU's Top Investors, which ranks Europe's leading real estate dealmakers by 2014 acquisition and disposal volumes, is published in March 2015.