SFL leases the whole of IN/OUT to the OECD
June 29 2015 - 02:52PM
Business Wire
Regulatory News:
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IN/OUT - Boulogne Billancourt - Photo
credits: Thierry Lewenberg-Sturm
SFL (Paris:FLY):
The Organisation for Economic Co-operation and Development
(OECD), based in Paris at the Porte de la Muette, has leased the
whole of the IN/OUT building located at quai Alphonse le Gallo in
Boulogne-Billancourt.
This 35,000-sq.m. building has been entirely renovated by the
architects DTACC and the designers Jouin-Manku to offer large,
flexible, efficient office floorplates as well as a pavilion
entirely dedicated to services (conference centre and dining) in an
outstanding environment.
The 12-year, fixed-term lease will take effect on 1 September,
2015. On the basis of this deal, SFL’s occupancy rate will increase
by around 10 percentage points on the date that the lease takes
effect.
In this transaction the parties were advised by BNP Paribas Real
Estate and the law firms Racine (for SFL) and Gide Loyrette Nouel
(for the OECD).
ABOUT SFL:
Leader on the prime segment of the Parisian tertiary real
estate market, the Société Foncière Lyonnaise stands out for the
quality of its property portfolio, which is valued at 4.5 billion
euros and is concentrated on the Central Business District of Paris
(Louvre Saint-Honoré, Edouard VII, Washington Plaza, etc.), and for
the quality of its client portfolio, which is composed of
prestigious companies in the consulting, media, digital, luxury,
finance and insurance sectors.
STOCK MARKET:
Euronext Paris Compartment A – Euronext Paris ISIN
FR0000033409 – Bloomberg: FLY FP – Reuters: FLYP PA
S&P RATING: BBB- positive outlook
www.fonciere-lyonnaise.com
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version on businesswire.com: http://www.businesswire.com/news/home/20150629006164/en/
SFLThomas Fareng, + 33 (0)1 42 97 01
51t.fareng@fonciere-lyonnaise.com
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