on GECINA (EPA:GFC)
Gecina Completes €538 Million Student Housing Assets Disposal
Gecina has finalized the sale of its student housing assets for €538 million on June 25, 2025, to a joint venture involving Nuveen Real Estate and GSA. This portfolio, consisting of 20 operational assets and 2 development projects, generated €20.8 million in net rent in 2024. The transaction aligns with Gecina's strategy to strengthen its financial structure and maintain a strong Loan-To-Value (LTV) ratio.
In tandem, Gecina is investing in three major office developments in Paris and Neuilly, with a future investment of €500 million. Additionally, they plan to acquire an office complex near the Saint-Lazare hub for €435 million this summer.
CEO Beñat Ortega highlights the strategy of capital allocation through asset disposals and high-yield office investments.
R. P.
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