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Gecina

Office 12/11/2019

French Gecina, in asset rejig, adds Paris office for €306m, sells for €238m

In a further portfolio rejig, French REIT Gecina is buying the 34,000 sqm Carreau de Neuilly building in Paris for €306m and selling two (...)

Hospitality 07/11/2019

French Gecina finalises €181m hotel sale with Angelo Gordon, EQ Group

Paris-based REIT/SIIC Gecina has finalised the sale of a French hotel portfolio to Angelo Gordon and the EQ Group, based on a valuation of (...)

Hospitality 23/09/2019

France's Gecina, BNP Paribas RE drop bid to build Paris 2024 Olympic village

French REIT/SIIC Gecina and BNP Paribas Real Estate are dropping their joint bid to construct the future athletes' village for the Paris 2024 Olympics. The (...)

Listed 13/09/2019

French Gecina raises 'green' loans to €910m, 20% of total bank debt

French REIT/SIIC Gecina has finalised three new 'green' loan agreements with BNP Paribas, Natixis and Société Générale for €660m, taking such financing to €910m (...)

Finance 11/09/2019

Meka Brunel: Guiding France's Gecina in a world of real estate undergoing huge transformation

Of course, the half-yearly results of French Gecina are good, very good, says CEO Meka Brunel; this, in a world of real estate going through a singular (...)

Listed 28/08/2019

Former Norwegian sovereign fund executive Veber joins French REIT Gecina

Giant French REIT Gecina has appointed former Norwegian sovereign fund manager Romain Veber to a leading post in investment and development. Starting on 1 November, Veber will become a (...)

Listed 19/07/2019

France's Gecina reports 1H return at 11.4%, EPRA NAV up at €169.8 shr

French REIT/SIIC Gecina reported an 11.4%yy total return in the first half, with appraisal values lifting 3.9% like-for-like, taking EPRA net asset value up 8% to €169.8 per (...)

Finance 17/07/2019

Fifth Wall opens up to Europe with $503m PropTech focused Fund II

Fifth Wall, a PropTech focused American venture capital firm, announced today the close of its second real estate technology fund, a $503m vehicle with (...)

Listed 28/06/2019

Sweden's Castellum joins pan-European REIT innovation, CSR think tank

Swedish listed Castellum has joined the sustainability and innovation think tank created in 2017 by alstria, COIMA RES, Colonial, Gecina, Great Portland Estates and (...)

Listed 25/06/2019

French Gecina sells hotel portfolio to Angelo Gordon for €181m

Giant French REIT/SIIC Gecina is selling its entire hotel portfolio comprising five assets to US-based manager Angelo Gordon at a valuation of €181m. The portfolio, acquired as (...)

Finance 23/05/2019

Paris REIT Gecina places 15yr €500m bond issue at 1.625% to buy back notes

Paris office and housing REIT Gecina has placed a €500m bond issue with a 15-year maturity at 1.625% and launched a tender offer on (...)

Listed 10/05/2019

French Gecina starts electronic signatures with YouSign

Giant French REIT/SIIC Gecina is introducing electronic lease signatures in partnership with start-up YouSign, extending it to all owned housing and student residences. Thanks to the electronic signing (...)

Housing 03/05/2019

France selects Athletes' Village developers for 2024 Paris Olympics

France has selected the companies which will be assigned to develop the Athletes' Village for the 2024 Paris Olympics and Paralympics. The infrastructure is planned (...)

Finance 15/03/2019

Hamburg student housing developer, Moscow project among 2019 MIPIM award winners

A Hamburg student housing firm working with wood, a Moscow concert park project, France's Altarea Cogedim, and Frankfurt's old town redevelopment were among MIPIM (...)

Office 13/03/2019

Offices still preferred working space despite tech - European REITs

Technology may allow workers to operate anywhere, but more than ever physical offices are the working environments of choice, says a new report by (...)

Listed 01/03/2019

Spain’s Metrovacesa to pay dividend ahead of plan after strong 2018 revenues

Spanish listed housing developer Metrovacesa is to distribute a dividend for 2018 ahead of plan after revenues surged to €201m and despite a net (...)

Listed 20/02/2019

French Gecina grows 2018 net 20% to €437m, 9% per shr; outlook still strong

French REIT Gecina grew recurrent net income by 20% to €437.2m in 2018 and by 9% per share, and is proposing a dividend rise (...)

Office 11/12/2018

France's Simi 2018 trade fair marks dawn of a new era

A few hours after the clapper board sounded the end of the 2018 edition of Simi, the French real estate community's annual trade fair, (...)

Office 06/12/2018

US WeWork to open fifth Paris co-working space in Gecina building

US co-working giant WeWork will on 12 December officially open its fifth Paris location at 198 avenue de France in the 13th quarter, especially utilising the larger floor (...)

Listed 06/12/2018

French Gecina wins €55m damages for unlawful actions of fmr CEO Rivero

Paris office and residential REIT/SIIC Gecina is to receive more than €55m for damages caused by the unlawful actions of Joaquín Rivero, its Spanish (...)