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Manila Times Business

Ascencio continues its growth with the acquisition of "Espace Shopping Hydrion” in Arlon (Belgium) & the launch of a capital increase via accelerated bookbuilding

Acquisition of the "Espace Shopping Hydrion" retail park Ascencio acquires today 100% of the shares in Arlimmo SA, the full owner of the "Espace Shopping Hydrion" retail park in Arlon, a leading retail asset centrally-located in a dynamic cross-border area. Covering an area of 33,000 m², the site is home to some forty well-known national and international retailers (Action, HEMA, Carrefour Market, Basic Fit, etc.) and boasts a 100% occupancy rate, generating annual rental income of around EUR 4.

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Source: manilatimes.net

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