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Gecina operates innovative and sustainable living spaces. The Group owns, manages and develops Europe's leading office portfolio, with nearly 97% located in the Paris Region, and a portfolio of residential assets and student residences, with over 9,000 apartments. These portfolios are valued at 20 billion euros at end-June 2020. Gecina has firmly established its focus on innovation and its human approach at the heart of its strategy to create value and deliver on its purpose: ?Empowering shared human experiences at the heart of our sustainable spaces?. For our 100,000 clients, this ambition is supported by our client-centric brand YouFirst. It is also positioned at the heart of UtilesEnsemble, our label setting out our commitment to the environment, to people and to the quality of life in cities. Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris, and is part of the SBF 120, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good, DJSI Europe and World, Stoxx Global ESG Leaders and Vigeo indices. In 2020, Gecina was awarded the maximum A rating in the CDP climate change rankings.
Gecina was created in January 1959 as Groupement pour le Financement de la Construction , attracting funds from around 60 insurance companies to finance the development of residential buildings.
The company changed its name to Gecina in 1998 when it acquired the real estate company Foncina. Gecina continued to develop, acquiring several real estate companies and, with the takeover of Simco in 2003, almost doubled in size to become France's largest real estate group. In 2003, Gecina adopted the “SIIC” real estate investment trust status , enabling it to diversify its portfolio and develop its presence in the commercial sector.
In June 2017, Gecina announced its acquisition of Eurosic for 3.3 billion euros, enabling it to become Europe's fourth-largest real estate group and the market leader for office real estate. In 2016, Eurosic had acquired Foncière de Paris, which had previously merged with Foncière Paris France in 2013.
The Caisse de dépôt et placement du Québec became Gecina's leading shareholder in 2018, with a 23% interest.
On July 21, 2018, it sold chain restaurants belonging primarily to Léon de Bruxelles and Courtepaille for nearly 20 million euros. These assets had been held since Eurosic was acquired in 2017.
In 2020, Gecina created a dedicated subsidiary to house its residential business with a view to developing its residential portfolio in the most central sectors of major cities, aimed at middle-class households. Gecina set out its purpose when it announced its half-year earnings on July 23, 2020.
