We have updated our figures following the announcement of the coming acquisitions of an Office portfolio in La Défense and Paris T1&B and PSA’s historic headquarters in Avenue de la Grande Armée in Paris. The portfolio acquired for €1.24bn is expected to be EPS accretive immediately (signature in August 2015). T1&B are let to Engie (GDF Suez) with 12 and 10 years leases respectively and PSA holds a lease until 2017-18. Gecina also raised a €500m, 2% coupo
18 Jun 2015
Not quite there yet: target increased on recent acquisitions
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Not quite there yet: target increased on recent acquisitions
Gecina SA (GFC:WBO) | 0 0 2.8% | Mkt Cap: 11,480m
- Published:
18 Jun 2015 -
Author:
Alda Kule Dale -
Pages:
2
We have updated our figures following the announcement of the coming acquisitions of an Office portfolio in La Défense and Paris T1&B and PSA’s historic headquarters in Avenue de la Grande Armée in Paris. The portfolio acquired for €1.24bn is expected to be EPS accretive immediately (signature in August 2015). T1&B are let to Engie (GDF Suez) with 12 and 10 years leases respectively and PSA holds a lease until 2017-18. Gecina also raised a €500m, 2% coupo