Gecina Signs a Purchase Promise for an Office Asset in Paris
Gecina has signed a purchase promise for a 15,000 m² office building in the Gare de Lyon district in Paris, according to the company's statement.
Details of the Purchase
Gecina announced the signing of a purchase promise for an office building of approximately 15,000 m² located in the Gare de Lyon district in Paris. This asset is fully leased to four tenants, generating an annual rent of 8.9 million euros. The average duration of the leases is nearly eight years. The acquisition price, including rights, amounts to 135.0 million euros, which corresponds to a price of about 9,000 euros/m². The acquisition is expected to be finalized at the beginning of 2026, subject to the lifting of usual suspensive conditions.
Building Features and Sustainability
The building, restructured in 2021, offers large and flexible office floors, as well as a roof terrace and various services such as a bicycle garage, parking spaces, and dining areas. The asset holds environmental certifications including HQE Excellent, BREEAM Excellent, and WiredScore Gold. Gecina emphasizes that this investment reflects its strategy of acquiring quality assets at attractive prices.
Company Profile and Goals
Gecina, with assets valued at 17.0 billion euros as of June 30, 2025, owns and manages 1.2 million m² of office space and nearly 5,300 residential units, mainly located in Paris and the Paris region. The company aims for dynamic asset management and a significant reduction in its CO2 emissions by 2030, in line with its societal commitments. Gecina is listed on Euronext Paris and is part of several stock indices, such as the SBF 120, CAC Next 20, and CAC Large 60.
