Gecina has signed a preliminary sales agreement with Icade for building D in the “Le Ponant” complex in Paris’ 15th arrondissement for €55.5m including commissions and fees. The sale is expected to be completed before the end of the year

This building, with nearly 5,800 sq.m of space, is fully occupied by an outstanding tenant. For Icade, this asset completes a real estate complex close to 22,000 sq.m of space acquired in 2016. For Gecina the sale of this building, from Eurosic’s portfolio, under conditions aligned with the Group’s requirements, is part of the divestment plan announced when Eurosic was acquired.

 

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