9 October 2023
Two asset sales in Germany above target for the MIMCO Group
Published

In line with the group’s divestment strategy, and supported by MIMCO Capital, the Mercureim EF1 fund is pursuing its objective with the sale of two commercial assets located in the German communities of Worms and Syke. These two BMW/MINI dealerships were part of a portfolio of 8 sites in Germany, of which the first BMW/MINI garage had already been sold a few months earlier.


“Despite the current economic challenges, this double disposal illustrates MIMCO’s vision and commitment to its partners and investors to always optimize the fund’s exit transactions, even if this sometimes means extending maturities, and also testifies to the strength of our prudential strategy implemented for the Mercureim EF1 fund,” says Christophe Nadal, co-founder and CEO of MIMCO Capital.


"These exits have not only proven to be positive but also beyond the initial forecasts"
Christophe Nadal

The two dealerships were originally acquired as part of a Core investment strategy, ensuring long-term asset profitability due to the signing of leases for a firm 10-year duration.


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