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Aéroports de Paris : Partnership Agreement with GE Capital Real Estate France

Dépèche transmise le 27 juillet 2009 par Business Wire

Aéroports de Paris : Partnership Agreement with GE Capital Real Estate France

Aéroports de Paris : Partnership Agreement with GE Capital Real Estate France

PARIS--(BUSINESS WIRE)--Regulatory News:

Aéroports de Paris (Paris:ADP) (Pink Sheets:AEOPF) and GE Capital Real Estate France (via its subsidiary Foncière Ariane SAS) have signed a partnership agreement for the Continental Square office complex, located at the Paris-Charles de Gaulle airport. With a surface area of 50,000 m², the office complex consists of eight homogenous office buildings.

The partnership has several objectives:

  • To transfer the Continental Square real-estate complex from GE Capital Real Estate France to a company that will be 60%-owned by Aéroports de Paris and 40% by Foncière Ariane SAS,
  • To manage the Continental Square office complex,
  • To conduct feasibility studies on the possible development of another office complex depending on market trends.

Completion of operations planned as part of this partnership are subject to first obtaining all applicable legal and regulatory authorizations.

Aéroports de Paris is being advised by Etude Thibierge, the Darrois Villey law firm and Jones Lang Lasalle (acquisition audits). GE Capital Real Estate France is advised by Etude Lasaygues and the Ashurst law firm.

Website: www.aeroportsdeparis.fr

Aéroports de Paris
Registered office : 291, boulevard Raspail, 75014 Paris
A Société anonyme with a share capital of 296,881,806 euros
552 016 628 RCS Paris

Aéroports de Paris builds, develops and manages airports including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. Aéroports de Paris is Europe's second-largest airport group in terms of airport revenue and the European leader for freight and mail. Aéroports de Paris accommodates nearly 460 airlines, including the main companies in the air transport industry. With an exceptional geographic location and a major catchment area, the Group is pursuing its strategy of adapting and modernizing its terminal facilities and upgrading quality of services, and also intends to develop its retail and real estate business. In 2008, Aéroports de Paris had revenues of €2,527.0 million, and the Group handled 87.1 million passengers.

Business Wire

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