Gecina enters into exclusive negotiations with a French institutional investor to acquire nearly 32,000 sq.m in Neuilly-sur-Seine
Following a call for tenders issued by the CRPN (Caisse de Retraite du Personnel Navigant Professionnel de l’Aéronautique Civile), France’s flight crew pension fund, Gecina has entered into exclusive negotiations to acquire 100% of office units held by the CRPN in the “Carreau de Neuilly” real estate complex on Avenue Charles de Gaulle in Neuilly-sur-Seine. This operation could be based on an asset swap between Gecina and the CRPN.
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Gecina finalizes its acquisition of “Carreau de Neuilly” from the CRPN in exchange for two assets and a balancing payment
Gecina signed an asset swap agreement on November 7, 2019 with the Caisse de Retraite du Personnel Navigant (CRPN) enabling it to acquire the “Carreau de Neuilly” building at 106-116 avenue[...]
Paris, France, November 7, 2019