Gecina finalizes the sale of the Pointe Metro 2 building in Gennevilliers
Gecina is further strengthening its portfolio’s centrality and quality by selling the Pointe Metro 2 building to Paris Office Partnership, a JV owned by PGGM and Foncière Atland, for €58.2m excluding duties.
The amount of this transaction is in line with the latest appraisals from end-June 2019.
This building, located in Gennevilliers (Hauts-de-Seine), was delivered in 2012 and offers nearly 15,000 sq.m, including 13,000 sq.m of offices. Today, it is occupied primarily by a PSA Peugeot Citroën Group subsidiary.
On this transaction, Gecina was advised by Oudot & Associés and Catella. Paris Office Partnership was advised by Cheuvreux.
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Gecina lets 10,000 sq.m in the “Pointe Métro 2” building to CREDIPAR and the PSA Peugeot Citroën Group
On February 19, 2016, Gecina signed two nine-year leases with CREDIPAR and the PSA Peugeot Citroën Group for nearly 10,000 sq.m in the “Pointe Métro 2” building in Gennevilliers, representing[...]
Paris, France, February 24, 2016