Metrovacesa's French arm Gecina to invest €4,5 bln in new businesses (ES/FR)

Metrovacesa SA's French arm Gecina will invest €4,5 bln in the next few years in new businesses, Expansion reported in an interview with Metrovacesa's chairman Joaquin Rivero.

The business plan involves the creation of a logistic network throughout France and the acquisition of hotels, Rivero told the newspaper.

Rivero said Gecina's expansion plan will be financed by the sale of rented residential property and smaller offices over the next five years.

Source: Freeman

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