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Covivio — M&A Activity 2017
Dec 8, 2017
1222_iss_2017-12-08_ae51c000-c044-4992-953e-8d74b54e26f1.pdf
M&A Activity
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PRESS RELEASE
Paris, 8 December 2017
Foncière des Régions continues its strategic refocusing by selling non-strategic assets amounting to nearly €290 million
Foncière des Régions announces the signing of sales and preliminary sales agreements amounting to €287m (€143m Group share) for retail assets in France. The Group is continuing its strategic refocusing on core activities, i.e. Offices in France and Italy, Hotels in Europe and German Residential.
These agreements concern the sale of commercial assets rented to Quick (81 assets for €264m) and Jardiland (5 assets for €23m) for a total of €287m. Foncière des Régions is thus selling a significant part of its non-strategic assets, including all Quick assets, which have either been sold or are under preliminary sales agreements.
These new disposals, combined with the €949m (€601m Group share) in sales already secured since the beginning of the year, are a significant new step for Foncière des Régions in its goal of refocusing on its four strategic business lines set in the heart of major European cities.
Contacts
Press Relations Géraldine Lemoine Tel : + 33 (0)1 58 97 51 00 [email protected]
Laetitia Baudon Tél : + 33 (0)1 44 50 58 79 [email protected]
Investor Relations Paul Arkwright Tel : + 33 (0)1 58 97 51 85 [email protected]
Foncière des Régions, co-author of real estate stories
As a key player in real estate, Foncière des Régions has built its growth and its portfolio on the key and characteristic value of partnership. With a total portfolio valued at €21Bn (€13Bn in group share), located in the high-growth markets of France, Germany and Italy, Foncière des Régions is now the recognised partner of companies and territories which it supports with its two-fold real estate strategy: adding value to existing urban property and designing buildings for the future.
Foncière des Régions mainly works alongside Key Accounts (Orange, Suez Environnement, EDF, Dassault Systèmes, Thales, Eiffage, etc.) in the Offices market as well as being a pioneering and astute operator in the two other profitable sectors of the Residential market in Germany and Hotels in Europe.
Foncière des Régions shares are listed in the Euronext Paris A compartment (FR0000064578 - FDR), are admitted to trading on the SRD, and are included in the composition of the MSCI, SBF 120, Euronext IEIF "SIIC France" and CAC Mid100 indices, in the "EPRA" and "GPR 250" benchmark European real estate indices, and in the ESG FTSE4 Good, DJSI World & Europe, Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20), Oekom, Ethibel and Gaïa ethical indices.
Foncière des Régions is rated BBB/Stable by Standard and Poor's.
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