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Sale of a retail park in Dieppe

One week after announcing the sale of the Galerie Auchan Les Allées, Othrys Asset Management has announced the sale of a retail park in Dieppe to the Roche Dubar investment company.

 


This asset located into the heart of Dieppe's No. 1 shopping zone, comprises 17,000 m² of retail space. It is fully occupied and leased to 7 brands, including 5 national ones.

 

Acquired in 2019 as part of a club deal, several value-creation levers have been implemented to increase the asset's yield, including the creation of new space leased to a restaurant under the Au Bureau chain.

 

 "On this investment, we were able, over a 4-year period, to increase the rental income by 35%, and to improve the rental situation by extending the lease terms to offer an institutional quality asset for sale". Frédéric Dimon – Managing Partner

 


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