Gecina: Two Preliminary Sales Agreements Signed for 112 Million Euros (Excluding Duties), and Sale Finalized for the "L’Angle” Building

Regulatory News:

Two new preliminary sales agreements signed for 112 million euros (excluding duties)
Gecina (Paris:GFC) has signed a preliminary agreement to sell the "Newside” building to a leading French institutional investor for nearly 95.5 million euros. This 18,000 sq.m asset in La Garenne-Colombes, close to La Défense, is fully let to Technip France SA. The building was delivered in July 2012 and designed by the architects Valode & Pistre and is the first asset in France to have been awarded triple environmental certification: HQE® Construction exceptional level (BBC energy efficiency label), BREEAM (Very Good) and LEED (Platinum). On this operation, Gecina was advised by Wargny Katz and CBRE, while the buyer was advised by Icade Asset Management and Oudot & Associés.

Gecina has also signed a preliminary agreement to sell a mixed-use asset, with around 3,000 sq.m of office and retail space on 11 boulevard Brune in Paris’ 14th arrondissement, to SCPI EFIMMO, managed by Sofidy, for nearly 16.8 million euros. On this operation, Gecina was advised by Nexity Conseil et Transaction and Alexandre Dechin Devriendt et Hoang, while the buyer was advised by 1768 Notaires.

Sale finalized for the "L’Angle” building in Boulogne-Billancourt
Gecina has also completed on the sale of the "L’Angle” building in Boulogne-Billancourt to AG2R LA MONDIALE, under the conditions set out in the preliminary sales agreement announced on September 16, 2015.

374 million euros of office sales completed or secured since the start of the year
These operations reflect the acceleration of the Group’s sales program. Since the start of the year, Gecina has sold nearly 374 million euros of mature and/or non-strategic offices, achieving an average premium of around 27% versus the end-2014 appraisal values.

Gecina, a leading real estate group

Gecina owns, manages and develops property holdings worth 10.6 billion euros at June 30, 2015, with 90% located in the Paris Region. The Group is building its business around France’s leading office portfolio and a diversification division with residential assets, student residences and healthcare facilities. 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 commitments to the community, Gecina has created a company foundation, which is focused on protecting the environment and supporting all forms of disability.

www.gecina.fr

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