Gecina sells portfolio of 16 non-strategic assets for €54.6m

Gecina sells portfolio of 16 non-strategic assets for €54.6m

Gecina has sold a mixed portfolio of 16 non-strategic assets to two funds managed by Keys REIM, the Keys Asset Management Group’s portfolio management company, for a total of €54.6 million.

This 26,000 sqm portfolio is composed of office assets, as well as retail units and parking spaces located in Paris, the Paris Region and other regions across France.

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”With this sale, Gecina is moving forward with its strategy to rationalize its portfolio and further strengthening, in the Paris Region, the centrality of its office assets in sectors with a focus on mixed-uses and proximity,” said Gecina in a statement.

On this operation, Gecina was advised by the notary’s office Cheuvreux and the consulting firms JLL and Catella.