PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
French Société Foncière Lyonnaise raises new equity in sale, makes e300m refinancing
French REIT/SIIC Société Foncière Lyonnaise said life insurer Predica has taking 50% of equity in its Parholding subsidiary previously owned by another SFL unit Ile-de-France Investissements. No financial details were provided. It also raised a new e300m loan. The move is the latest example of listed real estate firms re-capitalising by exploiting a growing appetite for commercial real estate by institutions - in this case, a senior shareholder.