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Gecina

Housing 05/12/2018

Spain's Metrovacesa launches €400m housing project in Palma de Mallorca

Spanish listed residential developer Metrovacesa is to invest €400m in a new housing neighbourhood in Palma, capital of the vacation island of Mallorca, which will offer (...)

Office 04/12/2018

Gecina strengthens Paris focus, closing €525m regional office disposal

French REIT/SIIC Gecina has strengthened its focus on the Paris region with the closing of the €525m sale of regional office buildings, part of a number (...)

Office 23/11/2018

French Gecina closes €266m sale of Lyon offices to Primonial REIM

Paris office and residential REIT/SIIC Gecina has finalised a €266m sale of nine office buildings in Lyon to investment manager Primonial REIM. The sale, which follows a preliminary agreement (...)

Office 12/11/2018

Spain’s Colonial looks forward to organic growth after busy 2018

Spanish office REIT/SOCIMI Colonial, after a takeover and a readjustment of capital this year, is looking ahead to delivering organic growth with a rise (...)

Office 07/09/2018

Co-working here to stay but unlikely to dominate office lettings - EPRA

Co-working space offered by firms such as WeWork should be included in office investor strategies and while it is unlikely to dominate letting demand it serves (...)

Housing 20/07/2018

French REIT/SIIC Gecina forms strategy for resi assets, now worth €3.2bn

Giant French REIT/SIIC Gecina has devised a value strategy for its residential assets, which, at €3.2bn out of a €20bn portfolio, have become a (...)

Listed 20/07/2018

French Gecina 1H net up 51%yy at €230m, expects 8% shr rise for full year

Paris office REIT/SIIC Gecina now expects recurrent net income growth of over 8% per share for 2018 after it boosted the total by 51%yy (...)

Office 26/06/2018

Paris Gecina signs €775m office sales to help cut LTV below 40%

Paris office REIT/SIIC Gecina has signed €775m in sales pledges for buildings outside Paris acquired in the takeover of Eurosic which, once closed by year end, (...)

Housing 22/06/2018

Housing: A third pillar is possible - residential property companies

As the first reading of the ELAN housing bill comes to an end in the French National Assembly, it is clear that France needs a (...)

Health / Senior 16/03/2018

MIPIM BLOG Day 3: The Awards – for the ‘creative art’ of real estate in Europe

Live from MIPIM (Cannes) - Day Three-Thursday: Despite the driving rain in Cannes, even more evidence that the scope of European opportunities is widening, yes, and (...)

Finance 28/02/2018

Norway's Pension Fund ends 2017 with 3.4% of €881bn AUM property exposure

Norway's Government Pension Fund Global held 2.6% of its €881bn assets in unlisted real estate at end-2017 which produced a return of 7.5% - (...)

Listed 27/02/2018

Canada’s Ivanhoé Cambridge cuts stake in French Gecina to 15.4%

Ivanhoé Cambridge, the real estate investment arm of Quebec-based pension fund manager CDPQ, has trimmed its holding in French office REIT/SIIC Gecina by 4.28% via a (...)

Finance 22/02/2018

French Gecina raises 2017 net by 4.6%, NAV by 19%; says Michel is stepping down

French office REIT/SIIC Gecina raised net income by 4.6% in 2017, adding nearly 19% to net asset value to take it to €152.9 per (...)

Finance 12/02/2018

Shares in Spanish housing firm Metrovacesa slip below last week's IPO price

Shares in Madrid-based residential developer Metrovacesa, one of the biggest casualties of Spain's recent recession, fell in trading Monday to €15.27, below its IPO price (...)

Office 05/02/2018

European 2017 CRE investment rises 4% to €293bn; 2018 looks good - RCA

Europe’s commercial real estate in 2017 experienced the third most active year on record for investment, rising 4 % from 2016 to €293.4bn, according (...)

Office 19/01/2018

Eyeing European REITs, US Seeking Alpha adviser picks Gecina, Paris office as winners

Never before have I seen a private US stock-picking adviser venture into listed European real estate, but US retail investors are looking around the (...)

Listed 20/12/2017

Six European office REITs form sustainability and innovation thinktank

Even if real estate is local, clients' technical and environmental needs are the same across Europe, says Meka Brunel, CEO of French SIIC Gecina and one of (...)

Retail 08/12/2017

Foncière des Regions signs €290m of non-strategic French retail disposals

France's third largest REIT/SIIC by assets, Foncière des Régions, has signed agreements to sell of nearly €290m of non-core properties, French retail, aiming to strengthen (...)

Hospitality 06/12/2017

Barcelo's Spanish hotel merger bid for NH synches with Chinese HNA troubles

The sharp rise in tourism to Spain that has brought at least two REITs and numerous funds surging into its hotel sector has sparked (...)

Finance 03/11/2017

Ruggieris’ Spanish tourism REIT Elaia listed with €119m market cap

Elaia, the Spanish REIT/SOCIMI launched by the France-based Ruggieri family to target the Spanish resort sector, listed Thursday on Elaia Investment Spain (MAB) with (...)