Paris, France, December 21, 2018

Gecina sells a portfolio of restaurant premises for nearly €20m

Gecina has finalized the sale of a portfolio of restaurant premises, let primarily to Léon de Bruxelles and Courtepaille, for nearly €20m.

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This portfolio of 16 assets, representing a total of almost 11,500 sq.m, has been drawn exclusively from the scope acquired through the business combination with Eurosic.

With the recent sale of office portfolios in regional hubs away from Paris, Gecina has therefore finalized or secured nearly €1.5bn of sales of assets since the start of the year, moving forward with its portfolio’s realignment around assets in the Paris Region’s most central sectors.

On this transaction, Gecina was advised by Arthur Loyd and Cushman & Wakefield.

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