French REIT said on Monday that it has signed a preliminary agreement to sell the Ponant D office building in Paris' 15th arrondissement for a price of €55.5 mln.
The sale is expected to be completed before the end of the year.
The building provides nearly 5,800 m2 of space, and is fully occupied.
Gecina said that the sale of this building, part of the Eurosic portfolio, is in line with the divestment plan announced when Eurosic was acquired.
Icade, which already owns adjancent offices, said that it will own 22,000 m2 on the site following the acquisition.
