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GFC Gerova Financial Grp. Ltd Common Stock

5.28
0.00 (0.00%)
29 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Gerova Financial Grp. Ltd Common Stock NYSE:GFC NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.28 0.00 01:00:00

Gecina Signs Four New Leases: Pipeline’s Pre-Letting Rate up to 46% (vs. 22% at 12/31/2016)

04/09/2017 5:21pm

Business Wire


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Gecina (Paris:GFC) Signs Four New Leases: Pipeline’s Pre-Letting Rate up to 46%1 (vs. 22% at 12/31/2016)

Two new leases for 55 Amsterdam, taking its occupancy rate up to 70%Two new leases have been signed for 55 Amsterdam, with nearly 70% of this asset's space now let.This building will be welcoming the teams from France's leading jewelry distribution company, the THOM Europe group, from December 2017 with around 3,200 sq.m of office space.From September 2017, it will also be welcoming EDICOM, a world leader for B2B e-commerce, with nearly 500 sq.m.

Gecina was advised respectively by Catella and BNP on these two lettings with a firm nine-year lease for the THOM Europe group and a firm six-year lease for EDICOM.

Lease signed for 40% of the space in 32 Guersant almost one year before its deliveryGecina is announcing that it has signed a firm nine-year lease with PartnerRe for nearly 5,700 sq.m of its building that is being redeveloped at 32 Rue Guersant in Paris' 17th arrondissement.This lease has been signed almost one year before the completion of this full redevelopment, with the building scheduled for delivery in the third quarter of 2018.

On this operation, Gecina was supported by CBRE.

Extension for the Orange Group in SKY 56, increasing the pre-letting rate to nearly 90%The Orange Group has also agreed to lease a further floor of the SKY 56 building in Lyon's Part-Dieu district over nearly 2,700 sq.m. This lease takes the project's pre-letting rate up to nearly 90%, almost one year before it is scheduled for delivery.

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Gecina, living the city in a different wayGecina owns, manages and develops property holdings worth 19.5 billion euros at end-August 2017, with nearly 92% located in the Paris Region. The Group is building its business around France’s leading office portfolio and a diversification division with residential assets and student residences. Gecina has put sustainable innovation at the heart of its strategy to create value, anticipate its customers' expectations and invest while respecting the environment, thanks to the dedication and expertise of its staff.

Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris, and is part of the SBF 120, 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.

www.gecina.fr

1 For the committed pipeline scope at end-December 2016. This rate was 39% for the scope at end-June 2017 following the delivery in the first half of 2017 of two projects that are now nearly 90% let (55 Amsterdam in Paris and Gerland-Septen in Lyon).

GECINAFinancial communicationsSamuel Henry-Diesbach, Tel: +33 (0)1 40 40 52 22samuelhenry-diesbach@gecina.frorVirginie Sterling, Tel: +33 (0)1 40 40 62 48virginiesterling@gecina.frorPress relationsBrigitte Cachon, Tel: +33 (0)1 40 40 62 45brigittecachon@gecina.frorThérésa Vu, Tel: +33 (0)1 44 82 46 13theresa.vu@consultants.publicis.fr

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