M. Lahlou Khelifi joins Mercialys as Chief Executive Officer
M. Eric Le Gentil, independent Director, has been appointed Chairman of the
PARIS -- February 13, 2013
On February 13, 2013, Mercialys (Paris:MERY) Board of Directors appointed:
- Mr. Eric Le Gentil, independent Director, as Chairman of the Board,
- Mr. Lahlou Khelifi as Chief Executive Officer of the Company.
With a 25-years’ experience in investment, asset management, advisory and real
estate development, Mr Khelifi will pursue Mercialys strategy based on four
major pillars: extracting organic growth, creating value by means of “Esprit
Voisin” development projects, rolling-out the “Foncière Commerçante” concept
and finalizing the refocus of the asset portfolio around properties best
suited to the strategy.
He will be supported by Mercialys’s existing team of 80 professionals in
retail real estate.
* * *
About Eric Le Gentil
He began his career at the Ministry of Finance and held several positions
within Athéna Assurances and AGF Assurances Groups. In 1999, he joined
Generali Group in France where he held various top management positions,
particularly in the areas of asset management and real estate. He is currently
a member of the General Management Committee of Generali France.
Eric Le Gentil is a graduate of the Ecole Polytechnique, Institut d'Etudes
Politiques de Paris and the French Institute of Actuaries.
About Lahlou Khelifi
Aged 50, Lahlou Khelifi started his career in real estate development for
Caisse des Dépôts Group. He then managed the real estate activities of the
French REIT Sefimeg. During 6 years, he managed for Goldman Sachs, Whitehall
Funds investments in France, Germany and Switzerland.
He then took a position of Managing Partner of Banque Lazard Frères, in charge
of real estate activities and joined Group Allard, one of his clients, to
conduct, during 2 years, real estate development projects in Brazil.
Lahlou Khelifi is a graduate of Superior Cycle Planning and Urban development
of the Institut d'Etudes Politiques de Paris and of a MBA from INSEAD, where
he now teaches real estate finance.
This press release is available on the website www.mercialys.com
Next events and publications:
*February 14, 2013 (9.30 am) Analysts’ meeting
Mercialys is one of France's leading real estate companies, solely active in
retail property. Rental revenue in 2012 came to Euro 160.4 million and net
income, Group share, to Euro 143.4 million.
It owned retail properties at December 31, 2012 representing an estimated
value of Euro 2.6 billion (including transfer taxes). Mercialys has benefited
from "SIIC" tax status (REIT) since November 1, 2005 and has been listed on
compartment A of Euronext Paris, symbol MERY, since its initial public
offering on October 12, 2005. The number of outstanding shares was 92,022,826
as of December 31, 2012. The number of outstanding shares was also 92,022,826
as of December 31, 2011.
This press release contains forward-looking statements about future events,
trends, projects or targets.
These forward-looking statements are subject to identified and unidentified
risks and uncertainties that could cause actual results to differ materially
from the results anticipated in the forward-looking statements. Please refer
to the Mercialys shelf registration document available at www.mercialys.com
for the year to December 31, 2011 for more details regarding certain factors,
risks and uncertainties that could affect Mercialys's business.
Mercialys makes no undertaking in any form to publish updates or adjustments
to these forward-looking statements, nor to report new information, new future
events or any other circumstance that might cause these statements to be
Marie-Flore Bachelier, + 33(0)1 53 65 64 44
Isabelle de Segonzac, + 33(0)1 53 70 74 85
Press spacebar to pause and continue. Press esc to stop.