Gecina SA has successfully completed the sale of its student housing assets for €538 million to a joint venture between Nuveen Real Estate and GSA as scheduled on June 25, 2025. This portfolio, comprising 20 operational assets and 2 development projects, generated net rent of €20.8 million in 2024. The transaction strengthens Gecina's financial structure and aligns with its strategic focus on the Paris region. The company plans to invest in high-yield office developments in Paris and Neuilly, with an upcoming strategic acquisition of an office complex near the Saint-Lazare hub for €435 million. This move underscores Gecina's strategy of optimizing capital allocation by divesting mature assets and reinvesting in prime office opportunities.
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