GECINA 
HY-2021 Earnings
July 23, 2021
Dareau, Paris
Contents
1 Strategic update: Normalization & Recovery through Polarization
2 Transaction markets & operational performance:
Recovering trends building confidence in central locations
3 Portfolio rotation: Strong investment markets on core locations and core assets, strengthening our long-termstrategic convictions
4
5
6
7
8
Residential portfolio: Ready for better, faster, stronger
Pushing our CSR leadership further
Further value creation from our pipeline:
A non-replicable pipeline in central areas
Financial performance in H1-2021
Appendix
2 - July 23, 2021 | H1-2021 |
1Strategic update
Normalization & Recovery through Polarization
3 | July 23, 2021 | H1-2021 | 62/64 Lisbonne, Paris |
Tenant's requirements moving further towards Grade A assets in core locations …
Tenant's assessment criteria: Office matters!
Location, well-living, flexibility, digitized and sustainability increasingly important for tenants
1 | 2 | 3 |
Accessibility / | Flexibility / | Sustainability / |
Centrality | Agility | Well-living |
Central & well-connected | Agile and digitized | Responsible buildings facing |
to public transportation | buildings | climate change targets, |
locations | to collaborate, innovate, | reducing greenhouse gas |
Adapted to soft mobility | built for social interactions | emissions, contributing to |
and walkable access | and to enjoy community | biodiversity and well-living |
Tim Cook, Apple CEO "My gut says that, for us, it's still very important to physically be in touch with one another because collaboration & innovation isn't always a planned activity"
Costas Markides, London Business School (strategy & entrepreneurship) "The more decentralized we become, the more important it will be to create opportunities to come together and learn together"
4 | July 23, 2021 | H1-2021 |
- with Polarization of the office markets as a consequence
On rental markets | On investment markets | |
Take-up recovering…
-
in central locations
(H1-21 vs. H1-20)
+24%
+14% | ||||||
-1% | ||||||
Paris City Western Inner Rim | Total | |||||
Crescent | Paris | |||||
(incl. La | -9% | Region | ||||
Défense) |
Market rents holding well…
… in central locations
+2.4% (changes 6 months) | +1.0% | |||||
+0.3% | ||||||
Paris City Western Inner Rim | Total | |||||
Crescent | Paris | |||||
(incl. La | Region | |||||
Défense) | ||||||
-5.7% |
Capital value driven upwards…
-
in central locations
(H1-21 vs. H1-20)
Paris CBD
+3.0%
Western Crescent
(incl. La Défense)
+2.5%
Outer rim
-15.8%
-
and on residential portfolio as well
(Paris Region at end Q1-21)
+27%
+3%
1 year | 5 years |
5 | July 23, 2021 | H1-2021 | Sources: Immostat & Chambre des notaires de Paris |
Pour lire la suite de ce noodl, vous pouvez consulter la version originale ici.
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Disclaimer
Gecina SA published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 07:27:11 UTC.
