Paris, France, April 25, 2017

Gecina signs a lease for 11,000 sq.m in the Le Valmy building

Gecina has signed a lease for a firm six-year period with an outstanding tenant for 11,000 sq.m of space in the Le Valmy building in Paris' 20th arrondissement.

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This space, which is currently let by the French Ministry of Finance, will be relet immediately following the current tenant's departure, expected for end-2017, confirming Gecina's ambition and ability to anticipate the Group's main rental challenges very early on.

Alongside this, the tenant, which already rented more than 5,000 sq.m in this building, has extended its commitment for this space, in line with this Group's plans to strengthen its presence at this site over the long term.

On this operation, Gecina was advised by BNP Paribas Real Estate.

“Gecina is delighted with this latest transaction with an outstanding tenant and longstanding partner. This operation also highlights the dynamic approach and agility shown by Gecina's teams for managing the Group's rental challenges, in line with the operational priorities as set out in the past few weeks”, confirms Méka Brunel, Chief Executive Officer.

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