Foncière des Régions buys EUR 102m offices, enters in 'exclusive talks' on Coeur d'Orly project

French property company Foncière des Régions has acquired from Eiffage a property portfolio worth some EUR 102 mln. The 109,000 m[sup]2[/sup] portfolio consists primarily of offices and light industrial premises (75%) rented to Eiffage with firm nine-year leases. The remaining properties are leased to third parties. The assets generate an annual income of EUR 8.7 mln. A third of the assets are located in the Ile-de-France region, with the remainder in the French regions.

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