SOCIÉTÉ FONCIÈRE LYONNAISE SFL - Signature of an agreement to acquire the Parisian headquarters of GrDF
Paris, 17 November 2014
The Société Foncière Lyonnaise has signed an agreement with Blackstone Real Estate Partners Europe III to acquire an office building of approximately 25,000 sq.m. on a plot of one hectare, located on the rue Condorcet in the 9th arrondissement of Paris.
This asset is in the immediate vicinity of the Gare du Nord and benefits from excellent public transport links. It is fully leased by GrDF, the long-standing occupant of the building, for a fixed term expiring in 2024.
The final acquisition, which represents an investment of €230 million, is expected to take place during December 2014.
4 - 8, Rue Condorcet - Paris 9ème
ABOUT SFL:
Leader on the prime segment of the Parisian tertiary real estate market, the Société Foncière Lyonnaise stands out for the quality of its property portfolio, which is valued at 4.1 million euros and is concentrated on the Central Business District of Paris (Louvre Saint-Honoré, Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies in the consulting, media, digital, luxury, finance and insurance sectors.
STOCK MARKET:
Euronext Paris Compartment A
- Euronext Paris ISIN FR0000033409 - Bloomberg: FLY FP - Reuters: FLYP PA
S&P RATING: BBB- Stable outlook
Company: SFL • Nicolas Reynaud • Phone: + 33 (0)1 42 97 01 28 • n.reynaud@fonciere-lyonnaise.com
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