Business Immo, the real estate website

Méka Brunel

Housing 11/12/2019

French Gecina to spin off €3bn residential to allow unit to open capital

Giant French REIT/SIIC Gecina is to spin off of its 6,000-unit residential portfolio worth €3bn to allow, at the appropriate moment, this subsidiary to (...)

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 (...)

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 (...)

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 (...)

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 (...)

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 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, (...)

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 (...)

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 (...)