Our malls see a 3.5% rise in footfall
Abridged Unaudited Financial Statements for the period ended 31 December 2023
Our malls see a 3.5% rise in footfall
During the first semester of the financial year 2024, we observe stability in our portfolio, reflected in healthy key performance indicators for each property. The portfolio has registered a footfall increase of 3.5% and maintained a low EPRA vacancy rate of 2.7%. Mobrico, the new hardware shop at Bagatelle Mall in December 2023, is enhancing the tenant-mix. Furthermore, the ongoing refurbishment of Riche Terre Mall is progressing on schedule, promising to significantly boost our overall business performance.
Our core mission is to generate superior returns for our current and future shareholders. To achieve this, we prioritise maintaining liquidity and creating sustainable income streams.
Simon Harel, the new CEO of Ascencia since January 15, 2024, shares about his responsibility to lead the company into its next phase. “Our primary focus areas are empowering our team, refining our operations, and leading the market in sustainability and digital innovation. This strategic approach is designed to ensure exceptional value for our shoppers, unique growth opportunities for our employees, and robust returns for our shareholders. Our ultimate goal is to enhance the customer journey and solidify our company's position as a market leader”.
