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French REIT Gecina near EUR700mln in dispositions

Posted on 16 July 2009

From Globest.com: French REIT Gecina has sold a 92,000 square meter office building in the west of Paris for €98 million as part of a disposal program that should exceed its target of €700 million this year, providing the proceeds to meet a €540 million bond redemption in 2010 and other debt obligations.

The company said the latest disposal concerns an office building in Saint Quentin in the Yvelines region fully leased to the Thalès electronics group……..Full Article: Source


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