PARIS-France-based Gecina has inked a preliminary agreement to sell 28 logistics properties to funds associated with the Blackstone Group. The company will sell the portfolio for approximately EUR 203 million.
The financial occupancy rate on these assets is 82.7%. With this deal, the French real estate company is selling its entire logistics portfolio. De Pardieu Brocas Maffei, Barclays and the notary's offices Oudot and Wargny advised Gecina, while Jones Day, PricewaterhouseCoopers, Salans and the notary's office Attal advised Blackstone on the deal. For the full story, go to Europe Real Estate .
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