- Gecina announced the coming merger with Eurosic to form the fourth largest REIT player in Europe (GAV €19bn) and the first Office player in Continental Europe GAV €15bn. Eurosic is currently worth €6.2bn GAV and owns offices that represent 86% of total GAV. 83% of the office assets is located in Greater Paris. - The acquisition at net yield of 5.1% will be financed by a combination of debt and a rights issue (€2.5bn financing bridge, o/w €1.5bn bond issuance and the
22 Jun 2017
Merging with Eurosic
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Merging with Eurosic
Gecina SA (GFC:WBO) | 0 0 2.8% | Mkt Cap: 11,480m
- Published:
22 Jun 2017 -
Author:
Alda Kule Dale -
Pages:
2
- Gecina announced the coming merger with Eurosic to form the fourth largest REIT player in Europe (GAV €19bn) and the first Office player in Continental Europe GAV €15bn. Eurosic is currently worth €6.2bn GAV and owns offices that represent 86% of total GAV. 83% of the office assets is located in Greater Paris. - The acquisition at net yield of 5.1% will be financed by a combination of debt and a rights issue (€2.5bn financing bridge, o/w €1.5bn bond issuance and the