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Gecina lets the entire Le Cristallin building in Boulogne-Billancourt to the Renault Group

Gecina has signed a 10-year lease with the Renault Group for the entire “Le Cristallin” building (11,600 sq.m) in Boulogne-Billancourt. Under this lease the space will be made available to the tenant from February 2017. This next-generation building, delivered in 2016 following a redevelopment operation, is ideally located next to Pont de Sèvres metro station on Line 9, as well as the future Line 15, which is scheduled for delivery in 2022 as part of the Grand Paris project. This asset is covered by a number of environmental certification frameworks and is notably the first Gecina building to be “Factor 4” certified (greenhouse gas emissions divided by four). This building's redevelopment has delivered a yield on cost of nearly 8.2[…]