Eurocommercial Pptys N V (ECMPF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, my name is Ilaria Vitaloni, Investor Relations Officer, and I'm happy to be on this call with Evertian Van Garderen, our CEO, and Roberto Fraticelli, our CFO, to present Eurocommercial's real results for the year 2025. Evertian will talk about the acquisition of Adion Shopping in Sweden, announced on Wednesday, and about the operational results of the company, followed by Roberto, who will discuss in more detail the financial results. We will then open the call for any questions and comments you may have. Good morning, everyone. Thank you for joining us today. I will start with the acquisition of Avignon Shopping in Umeå, Sweden, and then move to our operation results for 2025. Let me start with Avignon Shopping, a highly strategic acquisition for Eurocommercial. On Wednesday, we announced the acquisition of Avignon Shopping in Umeå for a total investment of around 110 million. We expected to complete this acquisition on 31st of March, 2026. The map shows where Umeå is, fairly easy to reach from Stockholm by airplane, actually easier to reach than some of our other shopping centers in Sweden. Avion Shopping comprises approximately 45,000 square meters of gross level area around 80 shops and restaurants and 7 newly built large format retail boxes. Most importantly, the center benefits from a direct internal link to IKEA, which significantly enhances Avignon's destination character and regional pool. It has a catchment of around 270,000 inhabitants and the city is around 130,000 inhabitants, but with a growing population. Believe it or not, Avian Shopping even attracts customers from Finland who can reach Umeå by ferry. Umeå is one of the Swedish fastest growing cities. It has a young and highly educated population, driven by Umeå University, which has mo...