Paris, France, March 12, 2020

Gecina finalizes the sale of the Le Valmy building for €216m excluding duties with Primonial REIM

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”.

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