Foncière des Murs sold 19 Quick restaurants in 2012 at a yield of 5.5%, for a total of 48 million euros
PR Newswire/Les Echos/
Paris, 27 February 2013
Foncière des Murs sold 19 Quick restaurants in 2012 at a yield of 5.5%, for a
total of EUR48 million
As part of its asset rotation strategy, Foncière des Murs, a subsidiary of Foncière des Régions, sold 19 Quick restaurants in 2012 for a total amount of EUR48 million.
These sales were the first to be carried out by Foncière des Murs, since these assets were under a 5 year-detention agreement. These sales were mainly intended for disposals of buildings to family offices as part of portfolios and also to private investors as single units, demonstrating the high liquidity of this asset class, which shows secured cash flows, long-term leases with strong tenants and quality locations.
About Foncière des Murs Foncière des Murs, a subsidiary of Foncière des Régions, specialises in the ownership of business premises in the hotels, healthcare and commercial property sectors. A listed Real Estate Investment Company (REIC) and partner to major players in commercial buildings, Foncière des Murs owns an asset portfolio of EUR3 billion and has a portfolio under management of EUR4 billion. www.foncieredesmurs.fr
About Foncière des Régions As a major player in the service sector real estate for Offices & Key Accounts, Foncière des Régions owns and manages a EUR9 billion portfolio that is primarily leased to key accounts who are leaders in their business sectors, including Suez Environnement, Thales, Dassault Systèmes, France Telecom, EDF, Accor, etc. As companies' real estate strategy partner, Foncière des Régions works with clients to design innovative and sustainable real estate solutions. www.foncieredesregions.fr
The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.
-0- Feb/28/2013 08:19 GMT