COVIVIO HOTELS (EPA:COVH) - Foncière des Murs sold 19 Quick restaurants in 2012 at a yield of 5.5%, for a total of 48 million euros
Transparency directive : regulatory news
27/02/2013 17:45
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PRESS RELEASEParis, 27 February 2013
Foncière des Murs sold 19 Quick restaurants in 2012 at a yield of 5.5%, for a
total of EUR48 million
As part of its asset rotation strategy, Foncière des Murs, a subsidiary of
Foncière des Régions, sold 19 Quick restaurants in 2012 for a total amount of
EUR48 million.
These sales were the first to be carried out by Foncière des Murs, since these
assets were under a 5 year-detention agreement.
These sales were mainly intended for disposals of buildings to family offices as
part of portfolios and also to private investors as single units, demonstrating
the high liquidity of this asset class, which shows secured cash flows,
long-term leases with strong tenants and quality locations.
CONTACTS
Cécile Boyer Géraldine Lemoine
Tel : +33 (0)1 58 97 54 47 Tel : + 33 (0)1 58 97 51 00
cecile.boyer@fdr.fr geraldine.lemoine@fdr.fr
About Foncière des Murs
Foncière des Murs, a subsidiary of Foncière des Régions, specialises in the
ownership of business premises in the hotels, healthcare and commercial property
sectors. A listed Real Estate Investment Company (REIC) and partner to major
players in commercial buildings, Foncière des Murs owns an asset portfolio of
EUR3 billion and has a portfolio under management of EUR4 billion.
www.foncieredesmurs.fr
About Foncière des Régions
As a major player in the service sector real estate for Offices & Key Accounts,
Foncière des Régions owns and manages a EUR9 billion portfolio that is
primarily leased to key accounts who are leaders in their business sectors,
including Suez Environnement, Thales, Dassault Systèmes, France Telecom, EDF,
Accor, etc.
As companies' real estate strategy partner, Foncière des Régions works with
clients to design innovative and sustainable real estate solutions.
www.foncieredesregions.fr
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