Realia’s French real estate investment trust, Siic de Paris, has raised €286 million, PropertyEU reports. The move is part of its planned sale of a 30% stake to Société Foncière Lyonnaise (SFL). SFL, the French unit of Inmobiliaria Colonial, has paid for the stake by transferring two office towers in Paris, Les Miroirs and Coface, valued at €286 million. It also received €50 million from Realia after selling 2.7 million shares out of the 15.5 million newly subscribed shares to the Spanish company.
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