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Gecina
M&A Activity • Nov 6, 2019
1360_iss_2019-11-06_ef51b382-1666-4308-b089-36cf962adb54.pdf
M&A Activity
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Paris, November 6, 2019
Gecina finalizes the sale of its hotel portfolio with Angelo Gordon and EQ Group for €181m
Gecina has finalized the sale of its hotel portfolio based on a valuation excluding duties of approximately €181m to Angelo Gordon & Co and EQ Group.
This portfolio, comprising the premises and business of five hotels located in Paris, Boulogne, Bougival and Roissy, is from the Eurosic portfolio.
This operation is in line with the strategy to divest non-strategic assets.
Gecina, at the heart of urban life
Gecina owns, manages and develops property holdings worth 19.9 billion euros at end-June 2019. As a specialist for centrality and uses, the Group is building its business around Europe's leading office portfolio, with nearly 97% located in the Paris Region, and a diversification division with residential assets and student residences. Gecina has put sustainable innovation at the heart of its strategy to create value and anticipate the expectations of around 100,000 customers and end users, thanks to the dedication and expertise of its staff, who are committed to an understated, fluid and inclusive city. To offer its customers high-quality services and support their changing needs, Gecina has launched YouFirst, its relational brand.
Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris, and is part of the SBF 120, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good, DJSI Europe and World, Stoxx Global ESG Leaders and Vigeo indices. In line with its community commitments, Gecina has created a company foundation, which is focused on protecting the environment and supporting all forms of disability.
GECINA CONTACTS Financial communications Press relations Samuel Henry-Diesbach Tel: +33 (0)1 40 40 52 22 [email protected]
Virginie Sterling Tel: +33 (0)1 40 40 62 48 [email protected]
Julien Landfried Tel: +33 (0)1 40 40 65 74 [email protected]
Armelle Miclo Tel: +33 (0)1 40 40 51 98 [email protected]