PropertyEU

Fonciere des Regions buys EUR 570m GE stake in Technical

By A staff reporter 2007-06-14T00:00:00

French property company Fonciere des Regions has acquired convertible bonds from GE Real estate representing a 32.5% stake in the EUR 1.6 bn Technical portfolio. The stake lifts Fonciere's office portfolio by EUR 570 mln, with a gross yield of 7.4%, the company said.

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