Foncière INEA announces the conclusion of a new management contract

Foncière INEA announced the conclusion of a new framework management contract with GEST SAS, which will take effect retroactively from January 1, 2024. This contract, approved by the Board of Directors on April 30, 2024, allows administrative and real estate management to continue. outsourced. It will last five years.

The new contract stipulates that GEST SAS's remuneration will include a fixed part based on rental income and the value of assets, as well as variable remuneration based on financial performance. This contract also introduces more flexibility for Foncière INEA, with early termination clauses.

The adoption of this contract by the Board of Directors was done without the presence of Philippe Rosio and Arline Gaujal-Kempler, directors of the company GEST and shareholders of Foncière INEA, to avoid any conflict of interest. This contract will later be submitted for approval to the annual general meeting of shareholders.