Core Viewpoint - Ascencio has announced the acquisition of the Horizon Provence retail park in Monteux, France, for €22.8 million excluding VAT, aligning with its strategic focus on retail assets in attractive locations [1][6]. Group 1: Acquisition Details - The retail park covers an area of over 12,000 m² and consists of around twenty retail units, primarily featuring food retailers, which aligns with Ascencio's strategy [2][6]. - The acquisition is financed entirely through borrowings using available secured credit lines, and it is in line with the market value determined by an independent valuer [5]. Group 2: Location and Accessibility - The retail park is situated in a rapidly growing residential and tourist area in the Provence-Alpes-Côte d'Azur region, benefiting from high visibility and accessibility along the main road connecting Avignon to Carpentras [3]. - Its proximity to leisure parks and hotel complexes enhances its attractiveness as a retail complex [3]. Group 3: Sustainability Features - The asset is located near soft mobility hubs and has received BREEAM certification, indicating its sustainability credentials [4]. - It is equipped with 8 charging stations, nearly 1,500 m of photovoltaic panels, and around 1,000 m of shading systems [4]. Group 4: Financial Impact - The acquisition is expected to have an immediate positive annual impact of €0.07 on Ascencio's EPRA Earnings per share and will result in an increase of approximately 1.7% in its EPRA LTV ratio [5]. Group 5: Strategic Alignment - The transaction aligns with Ascencio's strategy of focusing on retail assets in suburban areas with a strong commercial mix centered around food retailers [6]. - The integration of Horizon Provence exemplifies Ascencio's selective and disciplined growth strategy aimed at creating long-term value [6].

Core Insights - Federal Realty Investment Trust has acquired Village Pointe, a leading open-air lifestyle center in Omaha, for $153.3 million, aligning with its disciplined growth strategy [1][2] - The property spans 453,000 square feet and is located in a high-income area with average household incomes exceeding $180,000, presenting significant opportunities for remerchandising and rent increases [1][2] Company Strategy - The acquisition of Village Pointe is part of Federal Realty's strategy to acquire dominant, high-quality retail assets with untapped potential, aiming for near- and long-term growth [1][2] - The company emphasizes enhancing merchandising, elevating tenant mix, and capturing incremental growth through leasing and operational execution, consistent with its approach at similar assets [3] Market Position - Village Pointe attracts nearly 6 million annual visits and serves a trade area of over half a million people, featuring a mix of national and premium lifestyle retailers, many of which are exclusive to the market [2] - The center is strategically located near new residential developments, top-ranked schools, and major employers, enhancing its market position [2] Company Overview - Federal Realty is a leader in the ownership and redevelopment of high-quality retail properties, focusing on markets with strong economic and demographic fundamentals [4] - The company has a portfolio of 103 properties, approximately 3,600 tenants, and has increased its quarterly dividends for 58 consecutive years, the longest record in the REIT industry [4]