GECINA NOM. : New major rental success - 100% of "Magistère" building let
07/24/2012| 02:27am US/Eastern
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Paris, July 24, 2012
New major rental
success
100% of "Magistère"
building let
Gecina has let all
of the "Magistère"
building, currently
under redevelopment,
at 62-64 rue
de Lisbonne /
13-17 rue Murillo
in Paris' 8th
arrondissement. The
redevelopment of this
asset has represented
an investment of
79 million euros,
with a net
yield of 7.3%
following this
transaction.
The tenant has signed
a 12-year "green
lease", with nine
years firm, from
July 1, 2013
for
7,835 sq.m of offices.
This rental success
confirms the Magistère
building's "prime"
features, through not
only its location
at the heart
of Paris' central
business district, but
also its rare
architectural qualities.
Indeed, this real
estate complex is
made up of
three connected
private mansions
dating from the
Second Empire, with
its redevelopment
overseen by the
architect firm AAA
BECHU.
Magistère will be
delivered in July
2012, with this
asset's technical
and environmental
performance levels
enabling it to
aim for HQE
Construction, THPE
energy efficiency and
LEED Gold
certification.
On this transaction,
BNP Paribas Real
Estate advised Gecina
and the tenant.
Gecina, a leading real
estate group
Gecina owns, manages
and develops property
holdings worth 11.6
billion euros at
June 30, 2012,
with 86% 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 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.
www.gecina.fr
CONTACTS
Financial communications Press
relations
Elizabeth Blaise Armelle
Miclo
Tel: + 33 (0)1
40 40 52
22 Tel: +33
(0) 1 40
40 51 98
Régine Willemyns
Tel: + 33 (0)1
40 40 62
44
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