Paris, France, October 16, 2019

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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