Foncière des Régions continues its strategic refocusing by selling
non-strategic assets amounting to nearly EUR290 million
Foncière des Régions announces the signing of sales and preliminary sales
agreements amounting to EUR287m (EUR143m Group share) for retail assets in
France. The Group is continuing its strategic refocusing on core activities,
i.e. Offices in France and Italy, Hotels in Europe and German Residential.
These agreements concern the sale of commercial assets rented to Quick (81
assets for EUR264m) and Jardiland (5 assets for EUR23m) for a total of EUR287m.
Foncière des Régions is thus selling a significant part of its non-strategic
assets, including all Quick assets, which have either been sold or are under
preliminary sales agreements.
These new disposals, combined with the EUR949m (EUR601m Group share) in sales
already secured since the beginning of the year, are a significant new step for
Foncière des Régions in its goal of refocusing on its four strategic business
lines set in the heart of major European cities.
Tel : + 33 (0)1 58 97 51 85
Foncière des Régions, co-author of real estate stories
As a key player in real estate, Foncière des Régions has built its growth and
its portfolio on the key and characteristic value of partnership. With a total
portfolio valued at EUR21Bn (EUR13Bn in group share), located in the
high-growth markets of France, Germany and Italy, Foncière des Régions is now
the recognised partner of companies and territories which it supports with its
two-fold real estate strategy: adding value to existing urban property and
designing buildings for the future.
Foncière des Régions mainly works alongside Key Accounts (Orange, Suez
Environnement, EDF, Dassault Systèmes, Thales, Eiffage, etc.) in the Offices
market as well as being a pioneering and astute operator in the two other
profitable sectors of the Residential market in Germany and Hotels in Europe.
Foncière des Régions shares are listed in the Euronext Paris A compartment
(FR0000064578 - FDR), are admitted to trading on the SRD, and are included in
the composition of the MSCI, SBF 120, Euronext IEIF "SIIC France" and CAC
Mid100 indices, in the "EPRA" and "GPR 250" benchmark European real estate
indices, and in the ESG FTSE4 Good, DJSI World & Europe, Euronext Vigeo (World
120, Eurozone 120, Europe 120 and France 20), Oekom, Ethibel and Gaïa ethical
Foncière des Régions is rated BBB/Stable by Standard and Poor's.
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