Gecina Signs a Preliminary Agreement with Icade to Sell the Ponant D Building
November 27 2017 - 1:52AM
Business Wire
Regulatory News:
Gecina (Paris:GFC) has signed a preliminary sales agreement with
Icade for building D in the “Le Ponant” complex in Paris’ 15th
arrondissement for €55.5m including commissions and fees. The sale
is expected to be completed before the end of the year.
This building, with nearly 5,800 sq.m of space, is fully
occupied by an outstanding tenant.
For Icade, this asset completes a real estate complex close to
22,000 sqm of space acquired in 2016.
For Gecina the sale of this building, from Eurosic’s portfolio,
under conditions aligned with the Group’s requirements, is part of
the divestment plan announced when Eurosic was acquired”.
About Gecina
Gecina, living the city in a different way
Gecina owns, manages and develops property holdings worth 19.5
billion euros at end-August 2017, with nearly 92% located in the
Paris Region. The Group is building its business around France’s
leading office portfolio and a diversification division with
residential assets and student residences. Gecina has put
sustainable innovation at the heart of its strategy to create
value, anticipate its customers’ expectations and invest while
respecting the environment, thanks to the dedication and expertise
of its staff.
Gecina is a French real estate investment trust (SIIC) listed on
Euronext Paris, and is part of the SBF 120, 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
About Icade
Building for every future
As an investor and a developer, Icade is an integrated real
estate player which designs innovative real estate products and
services adapted to new urban lifestyles and habits. By placing
corporate social responsibility and innovation at the core of its
strategy, Icade is closely involved with stakeholders and users in
the cities— local authorities and communities, companies and
employees, institutions and associations… As a commercial and
healthcare property investor (portfolio value of €9.9bn as of
06/30/17) and as a property developer (2016 economic revenues of
€1,005m), Icade is able to reinvent the real estate business and
foster the emergence of tomorrow’s greener, smarter and more
responsible cities. Icade is a significant player in the Greater
Paris area and major French cities. Icade is listed on Euronext
Paris as a French Listed Real Estate Investment Company (SIIC). Its
leading shareholder is the Caisse des dépôts Group.
The text of this press release is available on the Icade
website: www.icade.fr
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version on businesswire.com: http://www.businesswire.com/news/home/20171126005080/en/
GECINA CONTACTSFinancial communicationsSamuel
Henry-DiesbachTel: +33 (0)1 40 40 52
22samuelhenry-diesbach@gecina.frorVirginie SterlingTel: +33 (0)1 40
40 62 48virginiesterling@gecina.frorPress relationsBrigitte
CachonTel: +33 (0)1 40 40 62 45brigittecachon@gecina.frorArmelle
MicloTel: +33 (0)1 40 40 51 98armellemiclo@gecina.frorICADE
CONTACTSGuillaume TesslerHead of financial communications and
investor relationsTel.: +33(0)1 41 57 71
61guillaume.tessler@icade.frorCharlotte Pajaud-BlanchardPress
relations managerTel.: +33(0)1 41 57 71
19charlotte.pajaud-blanchard@icade.fr
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