Gecina : acknowledges the preliminary results of its public offering for Foncière de Paris

Gecina has today acknowledged the preliminary results of its public offering for Foncière de Paris' securities. Following the offer period, 1.4 million of Foncière de Paris shares have been tendered for Gecina's offer, representing around 14% of the company's capital.

Gecina would like to thank the Foncière de Paris shareholders who expressed their preference for Gecina's more attractive offer, which was integrated within its industrial project driving growth and profitability.

The success of Gecina's offer was dependent on obtaining more than 50% of Foncière de Paris' share capital and voting rights. This threshold has not been reached following the decision by Foncière de Paris' principal shareholders to not put their securities forward for Gecina's offer. As a result, the securities submitted to Gecina will be returned to their owners.

Gecina plans to continue moving forward with its strategy, built around a highly selective policy for acquisitions, alongside sales of non-strategic assets that will generate capital gains. In addition, the gradual deployment of a 3.6 billion euro pipeline, including 1.1 billion euros of projects already underway that will generate nearly 75 million euros of additional annual rent by 2018, offers solid perspectives in terms of results and dividends. This project, aiming to further strengthen Gecina's leading position on the Paris office market, is focused on operational, financial and environmental performance, backed by a solid balance sheet.