PARIS--(BUSINESS WIRE)--Regulatory News:
Gecina (Paris:GFC) has been notified Ivanhoé Cambridge's sale of part of its interest in the Group's equity through a placement with several investors using an accelerated book-building process.
This placement concerned 3.2 million Gecina shares, representing 4.28% of its equity. Ivanhoé Cambridge's remaining interest therefore represents 15.4% of the capital.
As a result, this transaction is expected to increase the float, enabling more liquidity and wider access to the share for investors.
Gecina, living the city in a different way
Gecina owns, manages and develops property holdings worth 19.6 billion euros at end 2017, with nearly 93% 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.