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.
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.
The Technical portfolio comprises properties housing the copper network of France Telecom.
