Mercialys set to acquire five shopping centers

France's Mercialys said on Friday that its board has agreed to acquire five shopping centres located on La Réunion Island, near Madagascar, from Vindemia, a wholly-owned subsidiary of the Casino Group. The malls comprise 127 shops and mid-sized specialty stores, representing a total surface of 28,700 m[sup]2[/sup] and gross rental income of EUR 5.3 mln for 2007. They have been valued by independent appraisers at a total of Euro 77.3 mln including transfer taxes.

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