One again, in FY 19, revaluations were very positive in the French Offices’ market. Provincial assets (Lyon, Bordeaux…) registered 7% valuation growth (mostly in H2 19). It led Gecina’s net capitalisation rate to 3.90% (Offices, all areas) with another slight yield compression of 20bp. The latter favoured the best central locations, while the inner and outer rings of the City of Paris were much less resilient. Gecina’s recent share price reaction confirmed vulnerabili
02 Mar 2020
Could 2019-nCoV cool the French Offices' transaction market?
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Could 2019-nCoV cool the French Offices' transaction market?
Gecina SA (GFC:WBO) | 0 0 2.8% | Mkt Cap: 11,480m
- Published:
02 Mar 2020 -
Author:
Christian Auzanneau -
Pages:
4
One again, in FY 19, revaluations were very positive in the French Offices’ market. Provincial assets (Lyon, Bordeaux…) registered 7% valuation growth (mostly in H2 19). It led Gecina’s net capitalisation rate to 3.90% (Offices, all areas) with another slight yield compression of 20bp. The latter favoured the best central locations, while the inner and outer rings of the City of Paris were much less resilient. Gecina’s recent share price reaction confirmed vulnerabili