French REIT/SIIC Gecina plans to pay $184 million (u20ac133M) for an office building in southeast Paris.

PARIS—French REIT/SIIC Gecina plans to pay $184 million (€133M) for an office building in southeast Paris.

This according to reports in the European Trade Press. The deal is part of the REIT’s strategy to reinvest proceeds of asset sales into the sector. Gecina has the capacity to invest about €1bn in 2014 after its $967 million (€700m) sale of its Beaugrenelle shopping mall.

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