Home improvement retailer Mr Bricolage said on Thursday that it has sold a 95% stake in its property division L'Immobiliere Mr Bricolage to Icade Foncière des Pimonts. The deal values the property assets at just under EUR 89 mln. The move comes follows the launch of a joint venture with Icade in 2005 regarding the management of the retailer's property portfolio, Mr Bricolage said. The assets were transferred to Icade, part of the French Caisse des dépôts banking group, on 1 January.
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