French office REIT Gecina has completed two major divestments in Paris and Lyon, bringing its total disposal volume so far this year to nearly EUR 560 mln. In a statement on Thursday, Gecina said it has sold the Origami office building in the eighth arrondissement of Paris to a private investor for EUR 86 mln, reflecting a net yield of 4.7%.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
