Gecina: 'strategic transaction' ahead in 2025

(CercleFinance.com) - Gecina announces that the proposed transaction with Nuveen Real Estate and GSA is scheduled for completion in H1 2025, subject to the lifting of the usual conditions precedent.


As a reminder, Nuveen Real Estate is a long-term American investor that has set up a strategic partnership with GSA, an international asset manager specialized in student housing, which is not yet present on the French market

The acquisition involves a portfolio of 18 assets in operation and 4 under development, valued at around 567 million euros including transfer duties.

This project reflects Gecina's expertise in asset management and value creation, with net student rents having risen from E16.8m in 2018 to E20.8m expected in 2024.

The crystallized value will enable us to further consolidate our balance sheet, finance our value-creating tertiary and residential pipeline, and give us additional leeway to fund opportunistic acquisitions while respecting our investment discipline, highlighted CEO Beñat Ortega.


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