Ascencio SCA (ZYY)

Overview

Ascencio SA, grounded in Belgian legal frameworks, emerges as a pivotal player in the commercial real estate investment sector, with a pronounced emphasis on supermarkets and retail parks. This entity distinguishes itself through a geographic footprint that spans Belgium, France, and Spain, adapting to the local regulatory environments with the designations of SIR in Belgium, SIIC in France, and SOCIMI in Spain. At its core, the company marries a strategic asset management approach with a profound commitment to sustainability, ensuring a balanced harmony between profit and planet. Ascencio's portfolio, valued at an estimated EUR 740 million, encompasses over 100 properties that collectively cover roughly 450,000 square meters, not only enhancing the urban tapestry but also yielding in excess of EUR 50 million in annual rental income. With its shares proudly listed on Euronext Brussels, Ascencio boasts a market capitalization of EUR 330 million as of the end of 2023, manifesting its robust position in the European commercial real estate market.

Products and Services

• Investment in Commercial Real Estate:

Ascencio SA stands out for its focused investment strategy in commercial real estate, specifically targeting supermarkets and retail parks. This niche specialization ensures a tailored approach to property selection, development, and management, tapping into the steady demand for retail spaces which serve as pivotal points of commerce and community engagement.

• Asset Management:

The company leverages a multidisciplinary team to oversee its extensive portfolio. This includes not only the day-to-day operations but also strategic decisions regarding acquisition, disposition, and redevelopment of properties. Management practices are infused with a strong ethical bent, prioritizing sustainability and responsible stewardship of resources to contribute positively to the communities it serves.

• Relationship Management with Tenant-Retailers:

Ascencio SA adopts a proactive and responsible attitude towards its tenant-retailers, fostering long-term relationships. This involves regular communication, negotiations on lease terms, and support to ensure the tenants can thrive. Such a collaborative approach not only enhances tenant satisfaction and retention but also contributes to the overall success and stability of the real estate portfolio.

• Sustainability Initiatives:

At the heart of Ascencio's operations lies a deep commitment to sustainability. The company seeks to incorporate eco-friendly practices and technologies across its portfolio, aiming for energy efficiency, reduced carbon footprint, and improved environmental impact. These efforts are crucial for ensuring the long-term viability and desirability of its assets, aligning with broader societal shifts towards sustainability.