Reported Earnings • Jul 24
First half 2026 earnings released: €0.17 loss per share (vs €3.91 profit in 1H 2025) First half 2026 results: €0.17 loss per share (down from €3.91 profit in 1H 2025). Revenue: €361.8m (down 22% from 1H 2025). Net loss: €12.6m (down 104% from profit in 1H 2025). Revenue is expected to fall by 2.7% p.a. on average during the next 3 years compared to a 2.4% decline forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Jul 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 75% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.8% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (16% net profit margin). Upcoming Dividend • Jun 30
Upcoming dividend of €2.75 per share Eligible shareholders must have bought the stock before 07 July 2026. Payment date: 09 July 2026. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (5.4%). Declared Dividend • May 20
Final dividend of €2.75 announced Dividend of €2.75 is the same as last year. Ex-date: 7th July 2026 Payment date: 9th July 2026 Dividend yield will be 7.7%, which is higher than the industry average of 5.8%. Announcement • Apr 23
Gecina Approves Dividend for the Year 2025, Payable on July 9, 2026 Gecina at the Ordinary General Meeting was held on April 22, 2026, approved the payment of a dividend of EUR 5.50 per share for 2025. An interim dividend of EUR 2.75 per share was paid out previously on March 12. The balance on the dividend, representing EUR 2.75 per share, will have an ex-dividend date of July 7, 2026 and will be paid in cash on July 9, 2026. Announcement • Mar 09
Gecina, Annual General Meeting, Apr 22, 2026 Gecina, Annual General Meeting, Apr 22, 2026. Location: hotel kimpton saint honore, 20 rue daunou, paris France Announcement • Feb 11
Gecina to Report Nine Months, 2026 Results on Oct 14, 2026 Gecina announced that they will report nine months, 2026 results on Oct 14, 2026 Announcement • Oct 28
Gecina (ENXTPA:GFC) signed a preliminary agreement to acquire 15,000 sq.m office building in the Gare de Lyon district for €135 million. Gecina (ENXTPA:GFC) signed a preliminary agreement to acquire 15,000 sq.m office building in the Gare de Lyon district for €135 million on October 27, 2025. A cash consideration of €135 million will be paid by Gecina (ENXTPA:GFC).
The transaction will be immediately accretive upon closing, expected early 2026, subject to the usual conditions precedent. Announcement • Sep 23
Gecina Appoints Caroline Level-Cottard as Executive Director Residential and Member of Executive Committee, Effective October 1, 2025 Gecina announced the appointment of Caroline Level-Cottard as Executive Director Residential, effective October 1, 2025. She will also join Gecina’s Executive Committee. Caroline Level-Cottard joined Gecina in 2021 within the Investments Department, which she has headed since 2023. Under her leadership, the Group sold and acquired assets for an accumulated amount of €1.3 billion between 2024 and mid-2025. Before joining Gecina, Caroline spent nearly ten years at Unibail-Rodamco-Westfield, where she held senior roles in investment, asset management, and the development of large-scale mixed-use projects combining offices, retail, and residential. She holds a degree from ESCP Business School and City University, London. As Executive Director Residential, Caroline will oversee Gecina’s residential strategy, focusing on value creation and the transformation of the portfolio, at the crossroads of the energy transition and the evolution of urban lifestyles. Announcement • Sep 13
Gecina Announces Board Changes Gecina announced the appointment of Marie Caniac as Executive Director, Office Division, effective November 12, 2025. She will succeed Valérie Britay and join Gecina’s Executive Committee. In her new role, MarieCaniac will oversee a portfolio of 116 office properties, valued at nearly €14 billion and representing 83% of Gecina’s total portfolio. She will lead the full value chain of office operations, including asset management, leasing and marketing, property management, as well as technical services and engineering. Her mission will focus on generating both financial and non-financial value from Gecina’s uniquely positioned office portfolio at the heart of Paris. A graduate of EDHEC Business School, MarieCaniac brings more than 15 years of real estate experience in France and abroad. She joined Klépierre in 2013, where she played a central role in restructuring asset management in the Netherlands, building the Group’s leasing platform, and transforming Steen & Strøm, Klépierre’s Scandinavian platform, which she took over as Chief Executive Officer in 2021. Since 2023, she has served as Chief Operating Officer, responsible for Group-wide operations across Europe and advancing Klépierre’s sustainable performance strategy. She began her career at Unibail-Rodamco and Altarea Cogedim. Valérie Britay joined Gecina in 2017. Since then, she has overseen the leasing of nearly 1.5 million square meters of office space. One of her most notable achievements was the successful pre-leasing in 2024 of “Mondo,” Gecina’s largest lease transaction to date. During her tenure, Ms. Britay spearheaded a range of strategic initiatives that have broadened and elevated Gecina’s service offering. These include the launch of Gecina’s operated office concept, the rollout of the FEAT program in Boulogne-Billancourt—which is transforming four assets into vibrant, multi-use destinations that blend workspace, culture, and community—and the creation of “Expériences,” a premium event-platform driven showcasing Gecina’s landmark properties through temporary and exclusive uses. Announcement • Jul 24
Gecina Announces Earnings Guidance for the Year 2025 Gecina announced earnings guidance for the year 2025. For the year, the company expects Recurrent net income (Group Share) between €6.65 per share and €6.70 per share . Announcement • Jun 26
Nuveen, LLC and Global Student Accommodation UK Limited completed the acquisition of YouFirst Campus portfolio in France from Gecina (ENXTPA:GFC). Nuveen, LLC and Global Student Accommodation UK Limited signed an agreement to acquire YouFirst Campus portfolio in France from Gecina (ENXTPA:GFC) for approximately €540 million on December 17, 2024. A cash consideration of €538 million will be paid by Nuveen, LLC and Global Student Accommodation UK Limited.
The transaction is subject to the consultation of Gecina's employee representative bodies and the information of the employees concerned according to applicable regulations and usual conditions precedent and expected to close in the first half of 2025.
TD Securities, Inc. acted as financial advisor for Global Student Accommodation UK Limited. Barclays PLC acted as financial advisor for Global Student Accommodation UK Limited. Morgan Stanley & Co. International plc acted as financial advisor for Gecina. Ian Painter, Nicholas Rees, Saskia Myners, Simone Schmitt, Laura Underhill and Ed Page, Simon Corzberg, Geoffrey Scardoni, Maxime Budzin, Alexander Lagarrigue, Alexander Chester, Benjamin Harding, Don McCombie of Clifford Chance US LLP, Clifford Chance LLP, Clifford Chance act as legal advisor for Nuveen, LLC. Vincent Delage, Sebastian Boyxen, Victoria Henry, Benjamin Bill, and Pawel Hermelinski of Cms Cameron Mckenna Services acted as legal advisors to Global Student Accommodation.
Nuveen, LLC and Global Student Accommodation UK Limited completed the acquisition of YouFirst Campus portfolio in France from Gecina (ENXTPA:GFC) on June 25, 2025. Announcement • May 16
Gecina (ENXTPA:GFC) signed a preliminary agreement to acquire 32,200 sq.m flagship office complex in Paris for approximately €430 million. Gecina (ENXTPA:GFC) signed a preliminary agreement to acquire 32,200 sq.m flagship office complex in Paris for approximately €430 million on May 15, 2025. A cash consideration of €428.26 million will be paid by Gecina. As part of consideration, €428.26 million is paid towards assets of 32,200 sq.m flagship office complex in Paris. The office complex comprises of two highly-quality buildings. Rocher, a 25,000 sq.m building built in 2013 with strong fundamentals in place and Hôtel Particulier, a 7,200 sq.m heritage building fully restructured in 2013. The acquisition will be accretive for recurring net income following completion of the refurbishment work and once fully let, with the Group’s loan-to-value ratio expected to remain broadly stable by end-2025 compared with end-2024. Buy Or Sell Opportunity • Nov 07
Now 21% undervalued Over the last 90 days, the stock has risen 2.4% to €94.15. The fair value is estimated to be €119, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 25
First half 2024 earnings released: EPS: €1.37 (vs €8.23 loss in 1H 2023) First half 2024 results: EPS: €1.37 (up from €8.23 loss in 1H 2023). Revenue: €345.7m (down 20% from 1H 2023). Net income: €101.5m (up €708.9m from 1H 2023). Profit margin: 29% (up from net loss in 1H 2023). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Office REITs industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Board Change • May 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Nathalie Charles was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Mar 05
Dividend of €2.65 announced Shareholders will receive a dividend of €2.65. Ex-date: 2nd July 2024 Payment date: 4th July 2024 Dividend yield will be 6.1%, which is about the same as the industry average. Upcoming Dividend • Feb 26
Upcoming dividend of €2.65 per share Eligible shareholders must have bought the stock before 04 March 2024. Payment date: 06 March 2024. Trailing yield: 5.7%. Within top quartile of German dividend payers (5.2%). In line with average of industry peers (5.7%). Declared Dividend • Feb 19
Final dividend of €2.65 announced Dividend of €2.65 is the same as last year. Ex-date: 4th March 2024 Payment date: 6th March 2024 Dividend yield will be 5.7%, which is about the same as the industry average. Reported Earnings • Feb 16
Full year 2023 earnings released Full year 2023 results: Revenue: €670.1m (down 9.9% from FY 2022). Net loss: €1.79b (down €1.96b from profit in FY 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, while revenues in the Office REITs industry in Europe are expected to remain flat. Announcement • Feb 15
Gecina Provides Earnings Guidance for the Year 2024 Gecina provides earnings guidance for the year 2024. For the period, the company expects net Income expected to grow between €6.35 and €6.40 per share (+5.5% to 6.5%). Board Change • Jan 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Observer Nathalie Charles was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Oct 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.1%. The fair value is estimated to be €113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 13% in a year. Earnings is forecast to grow by 78% in the next year. Announcement • Oct 20
Gecina, Annual General Meeting, Apr 25, 2024 Gecina, Annual General Meeting, Apr 25, 2024. Announcement • Sep 22
Gecina to Report Q3, 2023 Results on Oct 18, 2023 Gecina announced that they will report Q3, 2023 results After-Market on Oct 18, 2023 Announcement • Sep 14
Gecina Appoints Marie Lalande-Dauger as Executive Director Engineering and CSR Gecina is announcing Marie Lalande-Dauger’s arrival as Executive Director Engineering and CSR from September 11, 2023. Reporting to Beñat Ortega, Chief Executive Officer, she will be a member of the Executive Committee. Marie Lalande-Dauger will head up theEngineering and CSR Department, which groups together the Technical Department and the CSR and Innovation Department. The creation of this new hub will further strengthen synergies between the ambitions from the Group’s energy efficiency plan and its ambitions focused on continuously improving the sustainable performance of its buildings. This new department will play a major role in terms of supervision, expertise and advice for the two office and residential “Operational Engineering” Departments, supported by the Compliance Department, which were also created recently. An Ecole Polytechnique and Ecole des Mines engineer, Marie Lalande-Dauger, 43, brings nearly 20 years’ experience in energy services, distribution and production activities. Her track record includes time with Dalkia as Operational Center Director, overseeing the management of service contracts in commercial buildings. From 2019, she was Operations, Maintenance and Asset Management Director for EDF Renouvelables’ onshore wind and solar farms in France. Announcement • Jul 22
Gecina Provides Earnings Guidance for the Year 2023 Gecina provided earnings guidance for the year 2023. For the period, the company expects recurrent net income growth guidance upwards, with €5.9 to €6.0 per share now expected (vs. €5.8 to €5.9 initially), up +6% to +8% compared with 2022 (vs. +4% to +6% initially). Reported Earnings • Jul 21
First half 2023 earnings released: €8.06 loss per share (vs €7.63 profit in 1H 2022) First half 2023 results: €8.06 loss per share (down from €7.63 profit in 1H 2022). Revenue: €327.0m (down 17% from 1H 2022). Net loss: €595.1m (down 206% from profit in 1H 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Office REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 26
Upcoming dividend of €2.65 per share at 5.6% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 05 July 2023. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (5.9%). Announcement • Jun 21
An unknown buyer acquires 101 Champs-Elysées building Gecina (ENXTPA:GFC). An unknown buyer acquires 101 Champs-Elysées building Gecina (ENXTPA:GFC) on June 20, 2023.An unknown completed the acquisition of acquires 101 Champs-Elysées building Gecina (ENXTPA:GFC) on June 20, 2023. Upcoming Dividend • Feb 27
Upcoming dividend of €2.65 per share at 5.0% yield Eligible shareholders must have bought the stock before 06 March 2023. Payment date: 08 March 2023. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (5.0%). Reported Earnings • Feb 17
Full year 2022 earnings released Full year 2022 results: Net income: €169.6m (down 80% from FY 2021). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the REITs industry in Europe. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jacques Stern was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 29
Gecina to Report Q3, 2022 Results on Oct 20, 2022 Gecina announced that they will report Q3, 2022 results at 5:40 PM, Central European Standard Time on Oct 20, 2022 Reported Earnings • Jul 22
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €383.1m from profit in 1H 2021). Profit margin: (down from 96% in 1H 2021). Over the next year, revenue is expected to shrink by 12% compared to a 1.4% decline forecast for the industry in Germany. Upcoming Dividend • Jun 27
Upcoming dividend of €2.65 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 06 July 2022. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (4.7%). Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jacques Stern was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • May 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Jacques Stern was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 18
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €620.4m (down 22% from FY 2020). Net income: €849.3m (up 449% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 2.4% while thereits industry in Germany is not expected to grow. Reported Earnings • Jul 24
First half 2021 earnings released First half 2021 results: Revenue: €315.7m (down 5.6% from 1H 2020). Net income: €394.4m (up 16% from 1H 2020). Announcement • Jul 24
Gecina SA Affirms Earnings Guidance for the Year 2021 Gecina SA affirmed earnings guidance for the year 2021. The company expects for 2021 guidance for recurrent net income (Group share) unchanged at around €5.3 per share for 2021, while the initial guidance excluded the impact of sales and €453 million of sales have been completed or secured since the start of the year. Upcoming Dividend • Jun 24
Upcoming dividend of €2.65 per share Eligible shareholders must have bought the stock before 01 July 2021. Payment date: 05 July 2021. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.4%). Announcement • Jun 18
Gecina Signs a Reservation Agreement for a 113-apartment Project at the Heart of Bordeaux Gecina has signed an off-plan reservation agreement to acquire a project with 113 apartments in Bordeaux, developed by Cogedim, Nexity and Pitch Promotion as part of a consortium of developers. Located in the new central district of Belvédère, this residence, which will include two buildings with a total living space of 8,012 sq.m, will offer high-quality apartments, with an average size of 71 sq.m. The residence will be part of a real estate complex including social housing units, five retail spaces and parking. The Belvédère district is part of the Bordeaux Euratlantique operation of national interest and the Garonne-Eiffel project. It is ideally located on the banks of the River Garonne. Once the residence has been built, it will be acquired by Homya, Gecina’s residential subsidiary, for €38.1m excluding duties and including tax. It marks a new step forward with the development of Homya, whose growth will be built around several pillars: direct investments, asset renovation or densification operations within its portfolio, development of new apartments in the Paris Region and major regional cities through the strategic partnerships with Nexity and Woodeum. This project is also aligned with the CAN0P-2030 plan, targeting NF Habitat HQE certification with an “Exceptional” rating. It will be let under the YouFirst Residence brand, with delivery scheduled for the fourth quarter of 2024. Announcement • Mar 18
Gecina Launches Online Space for Its Individual Pure Registered Shareholders Gecina announced that it is launching its online “Shareholder Space” for shareholders whose securities are held on a pure registered basis and managed directly by the Group’s Securities & Stock Market team. This space will make it possible to improve the quality and responsiveness of the close relations that Gecina is committed to maintaining over the long term with its individual shareholders. Including more than 72% of the Group’s employees who are also shareholders, which is one of the levels of employee shareholding in value terms on the SBF 120, individual shareholders represent more than 5% of the Group’s capital. Available from the Investors page on gecina.fr or at espace-actionnaires.gecina.fr, this space has been designed to provide shareholders with simple access to all the useful information needed for managing their securities account. It supplements Gecina’s existing range of services for its shareholders, from a dedicated team to shareholder meetings, a toll-free number, a Shareholders Club and a range of publications for shareholders, including the Shareholder Newsletter. This new tool illustrates the Group’s digital transformation and confirms its ambition to offer a full range of services for all its stakeholders, including its shareholders. Acknowledging its commitments, Gecina received the 2020 Le Revenu Silver Award for Best Shareholder Relations on the SBF 120. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS €2.10 (vs €20.58 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €663.9m (down 3.5% from FY 2019). Net income: €154.8m (down 90% from FY 2019). Profit margin: 23% (down from 220% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 21
New 90-day low: €113 The company is down 11% from its price of €128 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €156 per share. Announcement • Feb 18
Gecina Signs a Lease for 11,600 sq.m, Taking the Carré Michelet Building’s Letting Rate up to 83% Gecina has signed a lease with a leading advisory group for 11,600 sq.m of the Carré Michelet building in La Défense for its French headquarters. This new nine-year lease will come into effect on October 1, 2022. This transaction takes Carré Michelet’s letting rate up to 83%. On this operation, Gecina was advised by Lacourte Raquin Tatar. Announcement • Dec 10
Gecina Announces Executive Changes Gecina announced that Mr. Karim Habra is replacing Mr. Sylvain Fortier as the representative of Ivanhoé Cambridge Inc. on Gecina’s Board of Directors. Mr. Karim Habra is Head of Europe and Asia-Pacific for Ivanhoé Cambridge. He runs all of the Group’s real estate activities and investments in Europe and Asia-Pacific, and oversees the growth of the platform with teams operating out of Paris, London, Berlin, Hong Kong, Shanghai and Mumbai. In addition, on December 8, 2020, Gecina’s Board of Directors appointed Ms Carole Le Gall as an observer for a three-year term of office. Ms Carole Le Gall will be part of the Corporate Social Responsibility (CSR) Committee. Since 2020, Ms Carole Le Gall has been Deputy CEO of ENGIE Solutions, an ENGIE Group subsidiary. After starting out in her career in local economic development with the French State then a local municipality, Ms Le Gall joined ADEME, the French Environment and Energy Management Agency, in 2006 to develop the markets for renewables and energy efficiency. She then spent six years heading up and developing the CSTB, the Scientific and Technical Center for Building. She joined ENGIE in 2015 to head up marketing for building renovation solutions, before becoming CEO of the France Networks business unit in 2018. Is New 90 Day High Low • Dec 05
New 90-day high: €131 The company is up 19% from its price of €110 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €138 per share. Is New 90 Day High Low • Nov 10
New 90-day high: €128 The company is up 10.0% from its price of €116 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €145 per share. Announcement • Nov 04
Gecina Signs Agreement with the Diaconesses Croix Saint Simon Hospital Group, to Facilitate Access to Housing for Healthcare Workers Gecina is moving forward with its commitments by signing a new agreement with the Diaconesses Croix Saint Simon hospital group to provide housing for healthcare workers in its YouFirst Campus residences. Gecina has made a commitment to offer 20 rental properties to the Diaconesses Croix Saint Simon hospital group, primarily one-bed furnished apartments, in the YouFirst Campus Paris Montsouris and Paris Bagnolet residences. These residences have excellent transport links and are ideally located to welcome staff from each of the hospital group’s two sites, including nurses who are particularly mobilized in response to the current health crisis. Announcement • Oct 27
Gecina and AP-HP Sign a Partnership Agreement to Facilitate Access to Housing for Healthcare Workers Gecina and AP-HP are announced that they have signed an agreement to provide housing for healthcare workers within the network of YouFirst Campus residences. Gecina and Assistance Publique - Hôpitaux de Paris, AP-HP are linking up to provide accommodation for nursing staff after they graduate, making it easier for them to access housing. This partnership will help AP-HP to position itself more attractively in order to meet its recruitment needs. Gecina has set out a commitment to offering 70 rental properties to AP-HP, primarily one-bed furnished apartments, spread across residences in Paris City, La Défense, Bagnolet and Saint-Denis. These residences combine outstanding locations close to hospitals and excellent transport links, with travel times of less than 30 minutes for healthcare staff to reach their workplaces. The future residents will benefit from good quality functional housing and a practical and welcoming living environment. The first tenants are scheduled to arrive at the end of October and start of November 2020. Announcement • Sep 18
Gecina Appoints Thomas Degos as Executive Director Residential Gecina appointed Thomas Degos, former Prefect and Director-General of Services for the Greater Paris Metropolitan Authority (Métropole du Grand Paris), as Executive Director Residential. Franck Lirzin has been appointed Deputy Executive Director alongside Thomas Degos, further strengthening the Division’s organization. The creation of a dedicated subsidiary for the residential business, approved at the General Meeting in April 2020, will make it possible to develop Gecina’s residential portfolio in leading French cities by bringing investors on board. He left Grand Paris in 2018 to become Chief of Staff for Annick Girardin, Minister for Overseas France (April 2018-November 2019), before being appointed Interministerial Delegate for the Coronavirus Taskforce in March 2020. Announcement • Jul 31
An unknown buyer acquired 54/56 Avenue du Général Leclerc in Boulogne-Billancourt from Gecina SA (ENXTPA:GFC) for €36.6 million. An unknown buyer acquired 54/56 Avenue du Général Leclerc in Boulogne-Billancourt from Gecina SA (ENXTPA:GFC) for €36.6 million on April 16, 2020. Savills, Cushman & Wakefield and Cheuvreux advised Gecina SA.
An unknown buyer completed the acquisition of 54/56 Avenue du Général Leclerc in Boulogne-Billancourt from Gecina SA (ENXTPA:GFC) on April 16, 2020. Announcement • Jul 30
Gecina SA (ENXTPA:GFC) acquired a building at 66 rue de Ponthieu in Paris for €33.1 million. Gecina SA (ENXTPA:GFC) acquired a building at 66 rue de Ponthieu in Paris for €33.1 million on June 30, 2020. LPA-CGR Avocats acted as legal advisor to Gecina.
Gecina SA (ENXTPA:GFC) completed the acquisition of a building at 66 rue de Ponthieu in Paris on June 30, 2020. 
