Shortly before 7pm on Tuesday evening, Gecina shook off its torpor in a hitherto stalled investment market, which is awaiting a repricing, by issuing a press release with an unequivocal title: "€1 billion of disposals since the start of the year". Six properties are involved, including the emblematic 101 avenue des Champs-Élysées, an asset covering some 10,000 square metres, 40% of which is retail space.
What's Behind Gecina's Sale of 101 Champs-Élysées?
Gecina Has Sold Six Assets, Including a Trophy Asset Occupied by Louis Vuitton Malletier.
By Mehdi Touazi
Business Immo
June 23, 2023 | 10:57 AM
This is a machine translation. Automated translations are intended solely as a convenience and are not legally binding.
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IN THIS ARTICLE
- Properties
- Imm Louis Vuitton
101 Avenue Des Champs Élysées, Paris, PAR
- Companies
- LVMH
Retailer