Le mie ricette per la real estate communityGecina signed an asset swap agreement on November 7, 2019 with the Caisse de Retraite du Personnel Navigant (CRPN) enabling it to acquire the “Carreau de Neuilly” building at 106-116 avenue du Général de Gaulle in Neuilly-sur-Seine, on the Central Business District’s Historical Axis linking the Champs Elysées and La Défense, for €306m excluding duties. This office building, which is 90% occupied, offers around 34,000 sq.m of floor space.
In exchange, Gecina is selling two fully-let mature office buildings in Neuilly and Paris for a total of €238m excluding duties, with the price differential covered by a balancing payment.
Source : Company