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Gecina sells Gennevilliers, France, building for €58M

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Gecina sells Gennevilliers, France, building for €58M

French property giant Gecina sold the 15,000-square-meter Pointe Métro 2 building in Gennevilliers, France, for €58.2 million.

The buyer was Paris Office Partnership, a joint venture owned by PGGM and Fonciere Atland.

The property, which includes 13,000 square meters of offices, is occupied primarily by a PSA Peugeot Citroën Group unit.

Gecina was advised by Oudot & Associés and Catella, while Paris Office Partnership was advised by Cheuvreux.