Office values were safe in Paris CBD in H1 20 (or two-thirds of Gecina’s portfolio) due to stable but toppish rents. Reversion now clearly turned into negative territory in both the 1st and 2nd inner rings of Paris. This was the logical continuation of the fragilities identifiable since mid-2019.
24 Jul 2020
Resilient CBD but material cracks around the City of Paris
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Resilient CBD but material cracks around the City of Paris
Gecina SA (GFC:WBO) | 0 0 2.8% | Mkt Cap: 11,480m
- Published:
24 Jul 2020 -
Author:
Christian Auzanneau -
Pages:
4
Office values were safe in Paris CBD in H1 20 (or two-thirds of Gecina’s portfolio) due to stable but toppish rents. Reversion now clearly turned into negative territory in both the 1st and 2nd inner rings of Paris. This was the logical continuation of the fragilities identifiable since mid-2019.