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Gecina spends €30.5M on office asset in French suburb

Gecina bought an office building in the French suburb of Neuilly-sur-Seine located near Paris at a €30.5 million price tag from an unnamed institutional investor.

The 50%-leased property at 8 rue des Graviers spans nearly 5,000 square meters and offers 70 parking spaces.

Together with the adjacent buildings that the real estate investment trust already owns, the asset creates a complex encompassing about 20,000 square meters of space, according to a release.