Gecina Lets the Newside Building in Full to Technip France SA
PARIS -- May 28, 2013
Regulatory News :
Gecina (Paris:GFC) has fully let the Newside building in La Garenne-Colombes
(Boucle Nord sector) to Technip France SA in connection with the development
of business by this global market leader for project management, engineering
and construction for the energy industry. Technip France SA has signed a
“green lease” for a firm eight-year period from July 15, 2013.
Newside is a new building, delivered in the third quarter of 2012, and
represented a 69.4million euro investment for Gecina, with a headline net
yield of 7.0% following this transaction. This asset, designed by the
architect firm Valode & Pistre, has a gross leasable area representing 17,955
sq.m of office space and is the first building in France to have achieved
triple certification: HQE® Construction exceptional level (BBC energy
efficiency label), BREEAM (Very Good) and LEED(Platinum).
On this operation, Gecina was advised by Constance de la Hosseraye (Bird &
Bird) for legal aspects, while Gecina and the tenant were both advised by CBRE
on real estate aspects.
Gecina, a leading real estate group
Gecina owns, manages and develops property holdings worth 11 billion euros at
December 31, 2012, with 88% located in the Paris Region. This real estate
company's business is built around an Economic division, including France's
largest office portfolio, and a Demographic division, with residential assets,
student residences and healthcare facilities. Gecina has put sustainable
innovation at the heart of its strategy to create value, anticipate its
customers' expectations and invest while respecting the environment, thanks to
the dedication and expertise of its staff.
Gecina is a French real estate investment trust (SIIC) listed on Euronext
Paris, and is part of the FTSE4Good, DJSI Europe and World, Stoxx Global ESG
Leaders and ASPI Eurozone® indices. In line with its commitments to the
community, Gecina has created a company foundation, which is focused on
protecting the environment and supporting all forms of disability.
Tel: + 33 (0)1 40 40 52 22
Tel: + 33 (0)1 40 40 62 48
Tel: +33 (0) 1 40 40 51 98
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