Gecina signs a preliminary off-plan agreement to buy the BE ISSY building in Issy-les-Moulineaux
Gecina has signed a preliminary agreement with the developer PRD Office for its speculative off-plan acquisition of the BE ISSY office building. This asset, located in Issy-les-Moulineaux, in the Southern Loop of Paris’ Western Crescent, will offer a gross leasable area of around 25,000 sq.m and 258 parking spaces. The transaction represents a total of 157.8 million euros including commissions and fees, with around 6,100 euros per sq.m excluding parking spaces.
Based on current market rents, Gecina expects this operation to deliver a potential net yield of nearly 7%.
The building, which will be delivered during the second half of 2018, will benefit from outstanding access to existing public transport infrastructures (T2 tram service, Metro Line 12 and RER C), which will be further strengthened with the delivery of the new Grand Paris Express Metro Line 15 by 2022, located very close to the asset.
The building, designed by the architect Philippe Chiambaretta, will be very energy efficient. In addition to HQE Exceptional and BREEAM Excellent certification, this asset will be one of the first buildings to be awarded the BEPOS positive energy building label and WELL certification for user wellness.
On this transaction, Gecina was advised by the notary’s office Oudot & Associés and AliutA. The seller was advised by the notary’s office Wargny Katz and Theop, Strategies & Corp and Catella.
In order to safeguard its communication, Gecina certify its contents on Wiztrust. You can check the authenticity on the website www.wiztrust.com.
Gecina is delighted to welcome the consulting firm Leyton with nearly 3,700 sq.m of office space in the Be Issy building in Issy-les-Moulineaux.
Paris, France, June 18, 2019
The Edenred group, the global leader in payments for the working world, has signed a lease for offices for its future international headquarters in Be Issy, a Gecina building located at[...]
Paris, France, March 21, 2019
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),[...]
Paris, France, November 29, 2018
André Santini, Deputy Mayor of Issy-les-Moulineaux, Méka Brunel, Gecina's CEO, and Alexis Perret, PRD Office CEO, laid the foundation stone for the iconic new building Be Issy.
Paris, France, April 20, 2017
Executive Director Investments and Developments
Thibault Ancely is an Essec MBA graduate and brings 14 years’ experience of finance and real estate. In 2001, Thibault joined Capital One Bank, where he held various...