Sale of the Beaugrenelle shopping center finalized (FR)

SCI Beaugrenelle, the property investment company in which Gecina has a 75% stake alongside Foncière Euris, Rallye, Apsys and Paris Orléans, has completed on the Beaugrenelle shopping center's sale, with its ownership transferred to a consortium of private investors assembled around Apsys.

The sales price, unchanged from the amount in the preliminary sales agreement signed on February 20, 2014, came to €700 million (including transfer taxes).

On this operation, Gecina was advised by Morgan Stanley, HSBC and CA-CIB as financial advisors, by the law firm De Pardieu Brocas Maffei for legal advice, and by the notary's office Cheuvreux & Associés, with Convergences CVL providing real estate advice.

Source: Gecina

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