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Gecina acquires building on 145 rue de Courcelles in Paris' CBD for €63 million

Gecina has signed a preliminary agreement to acquire an office building on 145 rue de Courcelles, in Paris' Central Business District, for €63 million excluding duties. This operation will be subject to the standard suspensive conditions. This asset offers highly complementary features alongside the adjacent building “Le Banville”, which is already owned by Gecina, opening up possibilities for extensive synergies.This acquisition is aligned with Gecina's strategy, aimed at further strengthening its exposure to the Paris Region's most central sectors, where there are growing signs of a rental market upturn. The vacancy rate in Paris' CBD is close to an all-time low, while the current shortage of quality properties in Paris City support...[…]