Gecina Finalizes the Sale of the Le Valmy Building for €216m Excluding Duties With Primonial REIM
12 Marzo 2020 - 6:30PM
Business Wire
Regulatory News:
Gecina (Paris:GFC):
This building, with nearly 27,000 sq.m of office space, is
located in eastern Paris, on the border with Montreuil. It was
already covered by a preliminary sales agreement at the end of
2019.
Today, the asset is occupied primarily by the BNP Paribas
Group.
On this transaction, Gecina was advised by BNP Paribas Real
Estate, CBRE and Wargny Katz.
Méka Brunel, Chief Executive Officer: “This building’s
sale reflects the Group’s commitment to further strengthening its
portfolio at the heart of the Paris Region’s most resilient and
most central business sectors through the proactive rotation of its
portfolio.”
Gecina, at the heart of urban life
Gecina owns, manages and develops property holdings worth 20
billion euros at end-2019. As a specialist for centrality and uses,
the Group is building its business around Europe’s leading office
portfolio, with nearly 97% located in the Paris Region, and a
diversification division with residential assets in particular.
Gecina has put sustainable innovation at the heart of its strategy
to create value and anticipate the expectations of around 100,000
customers and end users, thanks to the dedication and expertise of
its staff, who are committed to an understated, fluid and inclusive
city. To offer its customers high-quality services and support
their changing needs, Gecina has launched YouFirst, its relational
brand.
Gecina is a French real estate investment trust (SIIC) listed on
Euronext Paris, and is part of the SBF 120, CAC Next 20, CAC Large
60, Euronext 100, FTSE4Good, DJSI Europe and World, Stoxx Global
ESG Leaders and Vigeo indices. In line with its community
commitments, Gecina has created a company foundation, which is
focused on protecting the environment and supporting all forms of
disability.
www.gecina.fr
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version on businesswire.com: https://www.businesswire.com/news/home/20200312005668/en/
GECINA
Financial communications Samuel Henry-Diesbach +33 (0)1
40 40 52 22 samuelhenry-diesbach@gecina.fr
Virginie Sterling +33 (0)1 40 40 62 48
virginiesterling@gecina.fr
Press relations Julien Landfried +33 (0)1 40 40 65 74
julienlandfried@gecina.fr
Armelle Miclo +33 (0)1 40 40 51 98 armellemiclo@gecina.fr
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