Stock price when the opinion was issued
A small company, all France and a little bit of Germany. A very interesting way to play if you think office tenants will be leaving London and going over to Paris. They do have a larger asset manager behind them. He likes management and the properties. If you believe that something is going to happen and that Paris will benefit from BREXIT, then yes this is the name. He is a little concerned about the French economy.
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This is a French company. They own one building in Germany and the rest are assets are in Paris.
Although the REIT is quite small there is a large backer who manages pension assets with other relationships in Paris and who is able to vend properties into the REIT. Thinks the drop is probably
due to Europe. He is not crazy about France. The whole move in the socialist government and the anti-business sentiment is dangerous.