Gecina lets 41% of the “Be Issy” building

Paris, France, November 29, 2018

Gecina has signed a firm 10-year lease with Séqens (the group formed by six subsidiaries of Action Logement: France-Habitation Domaxis, Sogemac Habitat, Athegienne, Sofilogis and Pax-Pogres-Pallas), effective from June 15, 2019, for 10,400 sq.m of the “Be Issy” building in Issy-les-Moulineaux. This transaction with a first tenant for this building takes its letting rate to 41%.

The building, delivered in the second half of 2018, benefits from privileged access to the existing public transport infrastructures (T2 Tram, Metro Line 12 and RER C), which will be further strengthened with the delivery of the new Grand Paris Express metro line (Line 15), which will be very close to the asset.

This asset, designed by the architect Philippe Chiambaretta, will also deliver very high energy performance levels.

In addition to HQE Exceptional and BREEAM Excellent certification, it will be one of the first buildings to offer the BEPOS label (positive energy building) and WELL certification for user wellness.

This transaction confirms the trends observed on the Paris Region’s office markets, particularly for new builds or redeveloped properties.

Méka Brunel, Chief Executive Officer: “This first transaction on the Be Issy building confirms the very good performance by office markets in the Paris Region’s most established commercial sectors”.

 

 

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