on PATRIMOINE ET COMMERCE
Patrimoine & Commerce Reports Q1 2025 Earnings
Patrimoine & Commerce has announced its financial results for Q1 2025, with gross rental income from its real estate portfolio reaching €14.3 million. This is a 9.6% increase over the same period in 2024. The increase includes a 3.3% rise due to contractual rent indexation, as well as positive impacts from acquisitions completed in late 2024.
The company divested a commercial asset in Limoges Le Vigen for €5.2 million, aligning with its appraisal value. Additionally, Patrimoine & Commerce refinanced a €50 million corporate loan, extending its maturity to support future development.
Eric Duval, Founder and Director, highlighted ongoing momentum and plans for continued targeted acquisitions and divestment of non-strategic assets to solidify their position in low-cost retail parks across France.
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