Gecina Sa · EURONEXT:GFC
Gecina Sa — Investor Day (September 2019)
104 slides from Gecina Sa's investor day presentation, Sep 25, 2019
Slide 1: 2019 Investor day: Build the future
2019 Investor day “Build the future” Paris, September 25, 2019
Slide 2: Contents
Contents 1 Introduction 2 Strategic Review 3 Market Views 4 Gecina’s CSR Roadmap 5 Asset Tour 6 Residential Trends & Strategy 7 From Gecina’s HQ to Paris 15th 8 Residential Tour in Paris 15th 2 - 25/09/2019 Investor Day
Slide 3: Introduction
1 Introduction 3 - 25/09/2019 Investor Day
Slide 4: 2019 Investor day Program
2019 Investor day Program 8:00 - 10:30 AM - PRESENTATION 8:00 to 8:30 am – Welcome breakfast 8:30 to 10:30 am – Presentations (Strategic review, Market views, CSR strategy) and Q&A 10:30 AM - 01:00 PM – ASSET VISITS — Bancelles (assets to be redeveloped) located 153 rue de Courcelles - Paris 17th ar
Slide 5: Assets visited
2019 Investor day 1- Bancelles (dev. project to be committed) 2- Live (dev. project committed) 3- Gecina headquarters 4- Vouillé (residential) 5- Morrillons (residential) 2 5 assets visited 1 of which 2 residential buildings 3 2 Emblematic offices development projects in the CBD - 1 being committed
Slide 6: Strategic Review
2 Strategic Review Méka Brunel, CEO 6 - 25/09/2019 Investor Day
Slide 7: Gecina's progressive transformation engaged end-2014
2019 Investor day illustrating Gecina’s progressive transformation engaged end-2014, and accelerated in 2017 Today’s investor day to illustrate the on-going transformation of Gecina « build the future » End-2014: Real estate « total return » strategy implemented ✓ 4 value creation pillars ✓ Capitali
Slide 8: A performing strategic turn engaged end 2014
A performing strategic turn engaged end 2014 MASSIVE CHANGES OPERATED SINCE END 2014 DELIVERED STRONG PERFORMANCE ➢ An ambitious portfolio rotation Cumulative net value creation from disposals and acquisition of the year 2015-H1 2019 ➢ Acquisitions : €7.9bn (incl. Eurosic) +€6.8 ➢ Disposals : €4.4bn
Slide 9: A performing strategic turn engaged end 2014
A performing strategic turn engaged end 2014 MASSIVE CHANGES OPERATED SINCE END 2014 DELIVERED STRONG PERFORMANCE % of office ➢ Rationalizing our portfolio on the most % of office portfolio portfolio promizing areas driven by scarcity & centrality in Paris City in Paris City end 2014 in H1-2019 Enha
Slide 10: Asset value return outperformed the benchmark
A performing strategic turn engaged end-2014 ASSET VALUE RETURN LARGELY OUTPERFORMED THE BENCHMARK Average Total Return1 / 160 year 2009-2018 Average AVR growth 150 2014-2018: +11.5% +9% / year 140 130 120 Average AVR growth 2011-2014: > +1% / year Total Return1 110 12 months +11.4% 100 90 2011 2012
Slide 11: What's next? More to come!
What’s next? More to come ! A PROMISING PIPELINE TO FUEL GROWTH AND VALUE AHEAD (OFFICE PROJECTS VISITS) €3bn committed / to Yield on cost +€130m/€140m IFRS rents vs. FY 2018 Net of rental loss from assets to be transferred/ to the be committed pipeline +5.8% pipeline and of disposals achieved/secur
Slide 12: YouFirst: client-centric approach
What’s next? More to come ! YOUFIRST TO LONG TERM VALUE AND PRICING POWER … … MODERNIZING OUR CLIENT APPROACH WITH INNOVATIVE TOOLS ▪ a new brand for client-centric approach in real estate ▪ Identify and answer clients’ needs of tomorrow ▪ Quality of client relationships / Customers’ lifetime value
Slide 13: Supportive market trends
What’s next? More to come! SUPPORTIVE MARKET TRENDS ! (PRESENTATION BY PE. BOUDOT, HEAD OF RESEARCH CBRE) - Scarcity of supply in the most central areas is set to last, especially in Paris City, where vacancy is close to all time lows, and future supply is to remain low in the city - Reversionnary p
Slide 14: CSR strategy to implement accretive value
What’s next? More to come! CSR STRATEGY TO IMPLEMENT ACCRETIVE VALUE FOR GECINA (PRESENTATION BY S. DESNAULT, EXECUTIVE DIRECTOR R&D, INNOVATION AND CSR) - Sustainable buildings meet prime tenants requirements since delivering: - Operationnal efficiency, - Productivity, - Talent attraction - Energy
Slide 15: Residential renewed strategy
What’s next? More to come! RESIDENTIAL RENEWED STRATEGY TO RAISE EXPECTATIONS FOR THE FUTURE (PRESENTATION BY F. LIRZIN, EXECUTIVE DIRECTOR RESIDENTIAL) - Metropolization reveals further needs of residential solutions in central areas - Increasing appetite for rental supply as acquisitions prices ha
Slide 16: Market Views
3 Market Views CBRE Pierre-Edouard Boudot 16 - 25/09/2019 Investor Day
Slide 17: Gecina's CSR roadmap: Sustainability pays!
Gecina’s CSR 4 roadmap Sustainability pays! Sabine Desnault & Nicolas Jandot 17 - 25/09/2019 Investor Day
Slide 18: Our vision
Our vision: Combining innovation and sustainability into a single department to lift our social contribution 3 MAIN WORKING STREAMS SERVE CSR PRIORITIES ❑ Low carbon ❑ Circular Economy ❑ Biodiversity The « earth overshoot day » ❑ Well being is always earlier OFFER ❑ Take advantage of the building ne
Slide 19: Crossroads of sustainability trends
Gecina at the crossroads of sustainability trends and well positioned to seize opportunities 1 - B to B need sustainable buildings to embody tenant’s CSR ambitions Clients want - Focus groups with B to B to C and B to C clients uncovered significant sustainable expectations buildings - Direct real e
Slide 20: Sustainability drives operational value for tenants and landlords
Sustainability drives operational value for tenants and landlords Clients want sustainable buildings - B to B need sustainable buildings to embody tenants’ CSR ambitions - Focus groups with B to B to C and B to C clients uncovered significant expectations - Direct real estate investors prefer sustai
Slide 21: Sustainability to drive financial performance
Sustainability to drive financial performance Investors value outperforming companies on ESG SUSTAINABLE PERFORMANCE TO DRIVE INFLOW ON EQUITY AND FIXED INCOME MARKETS, TO SUPPORT STOCK PRICE PERFORMANCE AHEAD… → Large Assets managers are starting to apply CSR criteria to 100% of their AuM - Exclusi
Slide 22: Our 4 priorities
Our 4 priorities to enhance operational and extra financial performance 4 priorities Value creation for Gecina Social value creation ▪ Lower operating/energy costs, higher Low carbon ▪ Decrease energy consumption (40 % of energy capacity to rent consumption and 25 % of GHG emissions due to real ▪ Mi
Slide 23: 4 priorities driven by 4 enablers
4 priorities driven by 4 enablers ▪ Promote the reuse and ▪ Aim at 75 % of office ▪ Make carbon management ▪ Green our plots and roofs recycling of resources from buildings to contribute business as usual to contribute to biodiversity our deconstruction site more to the productivity of and local spe
Slide 24: Focus on integrating CSR into the day-to-day
2019 : Focus on integrating CSR into the day-to-day 4 A progressive approach 3 Provide tools - Methods & 2 Build skills management systems - Hard skills 1 development - Easy-to-use tools Empower - My job, my role - Workshops to co- build Acculturate - Integration into - What ? - My targets, my - Why
Slide 25: Low carbon: Toward carbon neutrality by 2050
Low carbon: Toward carbon neutrality by 2050 Limiting embodied carbon, lowering on-site GHG emissions ACTIONS IMPLEMENTED AND RESULTS -32 % IN CO2 SINCE ’08 OVERALL ! Key actions Progress and results Building low ▪ 69% of surface areas delivered include the production carbon of renewable energy via
Slide 26: Low Carbon: Implementation at Be Issy
Low Carbon: Implementation at Be Issy 26 - 25/09/2019 - Investor day
Slide 27: Well Being: Implementation at Amsterdam
Well Being: Implementation at 55 Amsterdam ❑ Labels for construction products to improve air quality ❑ Sensors to monitor energy consumption and comfort for occupiers (noise, air quality, real-time) ❑ 10 % of parking lots for EV ❑ 45 % energy efficiency gain ❑ Use of urban head and cold network with
Slide 28: Biodiversity: Implementation at Ville d'Avray
Biodiversity: Implementation at Ville d’Avray 28 - 25/09/2019 - Investor day
Slide 29: Living circular
Living circular @ 79 % of material identified to be reused were actually reused either by Gecina or its partners SAVINGS EQUAL TO CO2 emissions of 500 sqm of 284 tons of CO2 avoided brand-new office space Reuse from the facade and technical equipement Waste produced by 194 69 tons of waste avoided F
Slide 30: Building credibility and challenging our progress
Building credibility and challenging our progress External recognitions GECINA FOCUSES ON THE ESG RATING USED BY ITS TESTING OUR PRACTICES vs REAL ESTATE STANDARDS INVESTORS (30 INVESTORS INTERVIEWED IN 2018) Mainstreaming certifications & labels in the pipeline OTHER SPECIFIC RECOGNITIONS Teaming u
Slide 31: Sustainability is a collective challenge
Sustainability is a collective challenge that benefits the planet, employees, customers and assets From our buildings to Society Committed employees Strong commitment and recognition on diversity 2nd session of graduate program Renewed headquarters to facilitate agility and cross-fertilisation 7% of
Slide 32: Asset tour Paris CBD
5 Asset tour Paris CBD 32 - 25/09/2019 Investor Day
Slide 33: Gecina's Building
Gecina’s Building 33 - 25/09/2019 Investor Day
Slide 34: Asset Tour - Offices
Asset Tour - Offices XVIIe XVIIIe CBD OFFICE ASSETS PARIS XIXe CBD 1 IXe Xe 1 Bancelles, 153 rue de Courcelles (75017) 2 VIIIe 3 IIe Guersant, 32 avenue de Guersant (75017) XVIe Ier IIIe XXe XIe VIIe 2 Live, 75 avenue de la Grande Armée (75016) IVe VIe 101 Champs, 101 avenue des Champs-Elysées (7500
Slide 35: Paris CBD Market views
Paris CBD Market views -
Slide 36: Paris CBD – Market views
Paris CBD – Market views CBD MARKET HAS CHANGED DRASTICALLY SINCE 2014: A structural change in Paris CBD with a historically low supply… Between 2014 to 2019, the immediate supply has: • Decreased by -21% yearly on average… • …to ~100 000 sq.m Vacancy rate at historic low … while take up regularly i
Slide 37: Paris CBD – Market views
Paris CBD – Market views THE PARISIAN CBD MARKET IS STRUCTURALLY SUPPORTIVE: Future supply is set to remain low in the years ahead While take-up is not expected to fade out A context favouring pre-leasings : implying: The level of pre-let in Paris CBD in Q1 - Sustainable shortfall of office spaces 2
Slide 38: Asset visit: Bancelles
Asset visit « Bancelles » Paris CBD -
Slide 39: Bancelles – rue de Courcelles
Bancelles – 153 rue de Courcelles Paris 17th arrondissement LOCATION 1 2 separate buildings in the CBD area 153 rue de Courcelles (Banville) 1 145-151 rue de Courcelles (Courcelles) 2 • Respectively ~23 000 & ~5 000 sq.m as floor area 2 • Various transport modes ~ 3 min by foot ~ 8 min by foot XVIIe
Slide 40: Bancelles: Creation of an emblematic CBD asset
Bancelles: Creation of an emblematic CBD asset from 2 “anonymous” office buildings HARNESSING REAL ESTATE SYNERGIES: 2 independent assets totaling 28,000 sq.m… “Banville”: built in 1925, and owned by Gecina since 2003 “Courcelles”: built in 1961, acquired in 2017 … into 1 large project of > 31,000 s
Slide 41: Bancelles: Creation of an emblematic CBD asset
Bancelles: Creation of an emblematic CBD asset from 2 “anonymous” office buildings KEYS STEPS TO REACH THE BANCELLES PROJECT (1/2): An historic asset with several drawbacks… - Poor accessibility & visibility: current entrance is not on the main street - Many small offices areas - Lack of natural day
Slide 42: Bancelles: Creation of an emblematic CBD asset
Bancelles: Creation of an emblematic CBD asset from 2 “anonymous” office buildings HARNESSING SYNERGIES USING OUR NETWORK OF OFFICES XVIIe KEYS STEPS TO REACH THE BANCELLES PROJECT (2/2): … with a proactive Asset Management optimizing capital allocation… Bancelles Cardinet - 71% of tenants moved fro
Slide 43: Bancelles: Creation of an emblematic CBD asset
Bancelles: Creation of an emblematic CBD asset from 2 “anonymous” office buildings 43 - 25/09/2019 Investor Day
Slide 44: Bancelles: Creation of an emblematic CBD asset
Bancelles: Creation of an emblematic CBD asset from 2 “anonymous” office buildings FROM RUE COURCELLES 80 METERS OF FACADES ALONG COURCELLES STREET 2023 FROM RUE DEMOURS 2023 44 - 25/09/2019 Investor Day
Slide 45: Bancelles: Creation of an emblematic CBD asset
Bancelles: Creation of an emblematic CBD asset from 2 “anonymous” office buildings SOLVING WEAKNESSES 2023 SKYVIEW OF BANCELLES PROJECT 2023 45 - 25/09/2019 Investor Day
Slide 46: Bancelles: Creation of an emblematic CBD asset
Bancelles: Creation of an emblematic CBD asset from 2 “anonymous” office buildings 4TH FLOOR - BEFORE / AFTER 2023 46 - 25/09/2019 Investor Day
Slide 47: On the road …
On the road …
Slide 48: Guersant – avenue de Guersant
Guersant – 32 avenue de Guersant Paris 17th arrondissement CHARACTERISTICS: — Build in 1961 — Restructured by Gecina in 2018 — 8 floors — Occupancy : 100% TOTAL AREA: 14 500 SQ.M — Offices: 14 500 sq.m — Number of parking spaces: 176 LABELS: — BBC Rénovation — HQE Excellent — Label Biodiversity TENA
Slide 49: Asset visit Paris CBD
Asset visit Paris CBD 49 - 25/09/2019 Investor Day
Slide 50: Live – avenue de la Grande Armée
– 75 avenue de la Grande Armée Paris 16th arrondissement LOCATION Exceptional location in the Paris CBD, between Place de l’Etoile and La Défense: Well served by all means of transport: ~ 2 min by foot ~ 10 min by foot Forthcoming new line with entrance facing our building : ~ 2022 ~ 2023 50 - 25/09
Slide 51: A major urbanistic refresh around l'Axe Majeur
– 75 avenue de la Grande Armée A major urbanistic refresh around “l’Axe Majeur” Place de la concorde Champs- Elysées / Etoile Porte Maillot Avenue Gal de Gaulle - Neuilly La Défense 51 - 25/09/2019 Investor Day
Slide 52: A new Parisian hub
– 75 avenue de la Grande Armée Paris 16th arrondissement A NEW PARISIAN HUB An area to be reinforced with the Grand Paris where… - High accessibility with 2 mains stations on the future: - CDG-Etoile - Porte Maillot - The possibility to reach any area in Paris & the first suburb in less than 45 min
Slide 53: A new Parisian hub
– 75 avenue de la Grande Armée Paris 16th arrondissement A NEW PARISIAN HUB Increasing employment market at less than 45 min from Porte Maillot 4 3,5 +24% 3 2,5 2 1,5 Before RER E/ Eole With RER E Eole 2025 2027 2022 53 - 25/09/2019 Investor Day
Slide 54: Characteristics – project description
– 75 avenue de la Grande Armée Paris 16th arrondissement CHARACTERISTICS – PROJECT DESCRIPTION — Built in 1967 — Asset under redevelopment — Acquisition date : July 2015 — Former PSA Group’s historic headquarters — Development project designed by Baumschalger Eberlé — Located between Place de l’Etoi
Slide 55: Before / After
– 75 avenue de la Grande Armée Paris 16th arrondissement BEFORE / AFTER 2022 55 - 25/09/2019 Investor Day
Slide 56: Before / After
– 75 avenue de la Grande Armée Paris 16th arrondissement BEFORE / AFTER 2022 56 - 25/09/2019 - Investor Day
Slide 57: The future office spaces
– 75 avenue de la Grande Armée Paris 16th arrondissement THE FUTURE OFFICE SPACES 57 - 25/09/2019 - Investor Day
Slide 58: The future office spaces (3rd floor)
– 75 avenue de la Grande Armée Paris 16th arrondissement THE FUTURE OFFICE SPACES (3RD FLOOR) 58 - 25/09/2019 - Investor Day
Slide 59: On the road …
On the road …
Slide 60: Avenue des Champs-Elysées
Avenue des Champs-Elysées Trophy sub markets, with recent transactions proving appetite from investors Apple Store bought by Hines in 2018: • 5,435 sq.m CHARACTERISTICS & RECENT TRANSACTIONS (including offices) • €110,030/sq.m • 2.45% of yield The Champs-Elysées is a micro-market with a very high po
Slide 61: 101 avenue des Champs-Elysées
101 avenue des Champs-Elysées Paris 8th arrondissement YEAR OF CONSTRUCTION AND CHARACTERISTICS: — 1930 — Building with 7 floors and 4 basement levels, the 7th floor is on attic — Located on Avenue des Champs-Elysées and Avenue George V — Exceptional visibility — Redeveloped in 1995 and 2003 — Façad
Slide 62: 44 avenue des Champs-Elysées
44 avenue des Champs-Elysées Paris 8th arrondissement YEAR OF CONSTRUCTION AND CHARACTERISTICS: — 1924 — Corner building with 2 basement levels, 1 ground floor, 1 mezzanine with 3 full-height floors, 3 successive recessed floors and 1 partial 7th floor under roof-break and added terrace — 2012: reno
Slide 63: 5 Royale
5 Royale Paris 8th arrondissement YEAR OF CONSTRUCTION AND CHARACTERISTICS: 1850 Building with 5 floors of offices and 1 floor of housing (6th), courtyard 1976-1978: fully redeveloped 2005-2006: facade cleaning TOTAL AREA: 2,326.40 sq.m Office: 1,808.74 sq.m Retail: 75.63 sq.m Archives: 64 sq.m Hous
Slide 64: 24 Royale / Place de la Madeleine
24 Royale / Place de la Madeleine Paris 8th arrondissement YEAR OF CONSTRUCTION AND CHARACTERISTICS: 1880 Redeveloped in 1995 2 entrances on Rue Royale and on Place de la Madeleine TOTAL AREA: 2,897 sq.m Office: 1,685 sq.m Retail: 1,213 sq.m Number of parking spaces: 22 MAIN TENANTS: MASSIMO DUTTI R
Slide 65: 1 Madeleine
1 Madeleine Paris 8th arrondissement YEAR OF CONSTRUCTION AND CHARACTERISTICS: 19th century Renovated in 1997 TOTAL AREA: 2,514 sq.m Office: 1,144 sq.m Retail: 684 sq.m or weighted area of 328.44 sq.m +Housing & Others: 690 sq.m MAIN TENANTS: AERO MEXICO (Office) PINET (retail) WESTON (retail) 65 -
Slide 66: 1-3 Caumartin
1-3 Caumartin Paris 9th arrondissement YEAR OF CONSTRUCTION AND CHARACTERISTICS: 1780 Building with 5 floors and 1 basement level Façade with historical monument TOTAL AREA: 3,000 sq.m Office: 1,680 sq.m Retail: 1,050 sq.m Housing: 270 sqm MAIN TENANTS: European homes (Office) Klépierre (Office) Zar
Slide 67: Residential Trends & Strategy
6 Residential Trends & Strategy Franck Lirzin, Executive Director Residential portfolio 67 - 25/09/2019 Investor Day
Slide 68: Residential Market Trends
Residential Residential Market Market Trends 68 - 25/09/2019 Investor Day
Slide 69: Gecina, at the heart of Urban Life
Gecina, at the heart of Urban Life 3 MEGA TRENDS METROPOLITANIZATION Expertly managed residential properties Global phenomenon of lead to more satisfied tenants, then metropolitanization, focused maintaining high occupancy, bringing on centrality and diverse uses uplift potential, thus offering valu
Slide 70: Demographic & macro elements
Demographic & macro elements GECINA’S RESIDENTIAL MARKETS OFFER SUPPORTING DEMOGRAPHIC AND ECONOMICAL PERSPECTIVES Demographic growth forecast + 9 millions inhabitants in France by 2060 in France (2019-2029) (vs. -15 millions in Germany) In Paris Region by 2050 Population: +6% Household: +30% 78% in
Slide 71: Paris Region residential market: increasing needs for rental supply
Paris Region Residentials market: increasing needs for rental supply SEVERAL DRIVERS TO SUPPORT DEMAND FOR LEASE NUMBER OF YEARS OF REVENUES FOR A HOUSEHOLD (2 PARENTS & 1 CHILD) TO BUY A FLAT OF 65 SQ.M ~40% of the Parisians own their property (vs only ~18% in Berlin) First time buyers are progress
Slide 72: Residential portfolio, a strategic asset class for Gecina
Residential portfolio, a strategic asset class for Gecina Remaining units for sale CHARACTERISTICS Traditional resi. In operation Student housings 38 traditional residential buildings in operation (excl. asset to be sold) mainly in Paris 20,000 residents, 98% of satisfaction rate - Our typical resid
Slide 73: Gecina Strategy on residential
Gecina Strategy on residential -
Slide 74: A strategy which starts to bear fruit
A strategy which start to bear fruit Strategy progressively implemented since 2017 Capital Value Creation1 Deliveries Densify / extend / new dev. (development) expected (up to €300m capex plan) c.65,000 sq.m committed, to be 2019-2024 committed or under study Operating Tenant’s rotation Renovate / u
Slide 75: Densification & Extension to capture capital value and CF growth
Densification & Extension to capture capital value and CF growth Densifications Extensions New Retail surfaces New dev. on Land Reserve under study Increasing lettable areas • Additional traditional residential units • Student housing • Nursing • High street retail 75 - 25/09/2019 Investor Day
Slide 76: Densification & Extension: Vouillé & Morillons
Densification & Extension to capture capital value and CF growth → 5 new projects launched for 21,000 sq.m (o.w. 2 students housings and 3 traditionnal residential programs, Committed Pipeline deliveries expected in 2020-2021) → 4 further projects identified for c. 15,000 sq.m Controlled and Certain
Slide 77: Improving services & renovate to capture uplift potential
Improving services & renovate to capture uplift potential UPGRADING SERVICES WITH YOUFIRST & RENOVATE Proximity Renovate private spaces Superintendents, a along tenants rotation dedicated day-to- day contact in each of our residences Simplicity Renovate common Range of services to spaces make day-to
Slide 78: Afternoon Program
Afternoon Program 78 - 25/09/2019 Investor Day
Slide 79: Gecina's Buildings
Gecina’s Buildings 79 - 25/09/2019 Investor Day
Slide 80: Asset tour – September 25, 2019
Asset tour – September 25, 2019 XVIIe XVIIIe 10/12 Vendôme, 10/12 place Vendôme, (75001) XIXe IXe Xe 49/51 Saint-Dominique, 49 - 51 rue Saint-Dominique VIIIe (75007) IIe XVIe Ier IIIe XXe XIe 45/47 Saint-Dominique, 45 – 47 rue Saint-Dominique VIIe IVe (75007) VIe Ve 41/43 Saint-Dominique, 41 – 43 ru
Slide 81: From Gecina's HQ to Paris 15th
7 From Gecina’s HQ to Paris 15th 81 - 25/09/2019 Investor Day
Slide 82: On the road…
On the ON … road… THE ROAD
Slide 83: 10/12 Vendôme
10/12 Vendôme Paris 1st arrondissement Year of construction and characteristics: 1750 Building with 5 floors and 3 basement levels, the 5 th floor is attic 2006: facade cleaning In 2012/2013/2014: restoration of the roof (restoring skylights and circular windows, harmonizing roof frames and creating
Slide 84: 49/51 rue Saint Dominique
49/51 rue Saint Dominique Paris 7th arrondissement Year of construction and characteristics: 18th century One building with 2 floors and an other with 3 floors Fully redeveloped in 2010 The asset includes a courtyard and a private garden Total area: 4,014 sq.m Office: 4,014 sq.m Number of parking sp
Slide 85: 45/47 Saint Dominique
45/47 Saint Dominique Paris 7th arrondissement Year of construction and characteristics: 18th century One building with 2 floors and an other with 4 floors and 2 basement levels Fully redeveloped in 2010 The asset includes a courtyard and a rooftop Total area: 6,128 sq.m Office: 6,128 sq.m Number of
Slide 86: 41/43 Saint Dominique
41/43 Saint Dominique Paris 7th arrondissement Year of construction and characteristics: Building with 5 floors and 2 basement levels Fully redeveloped in 2008 Canteen restaurant Total area: 5,932 sq.m Office: 4,349 sq.m Archives: 384 sq.m Number of parking spaces: 64 Main tenants: BCG (The Boston C
Slide 87: 18/20 Bourgogne
18/20 Bourgogne Paris 7th arrondissement Year of construction and characteristics: 18th century Building with 5 floors and 3 basement levels Residential asset including 21 apartments Total area: 2,025 sq.m Housing: 2,025 sq.m Building staff’s housing: 65 sq.m Number of parking spaces: 20 87 - 25/09/
Slide 88: 136 Grenelle
136 Grenelle Paris 7th arrondissement Year of construction and characteristics: 18th century Fully redeveloped in 2009 The complex is composed by 2 buildings: one “L-shaped” with 2 floors and 1 basement level, and the other one with 2 floors Total area: 2,110 sq.m Office: 2,110 sq.m Number of parkin
Slide 89: 138 Grenelle
138 Grenelle Paris 7th arrondissement Year of construction and characteristics: 18th century Fully redeveloped in 2009 “U-shaped” buidling with 2 floors and 1 basement level Total area: 912 sq.m Office: 912 sq.m Main tenants: RAISE CONSEIL 89 - 25/09/2019 Investor Day
Slide 90: 74 Lecourbe
74 Lecourbe Paris 15th arrondissement Year of construction and characteristics: 1971 Located on 74-76-80 rue Lecourbe Composed of 10 buildings Total area: c.30,000 sq.m Apartments: 340 Office: 400 sq.m Retail: 4,700 sq.m Number of parking spaces: 554 90 - 25/09/2019 Investor Day
Slide 91: 159 Blomet
159 Blomet Paris 15th arrondissement Year of construction and characteristics: 1971 Located on 159-169 rue Blomet & 334-342 rue de Vaugirard Composed of 3 buildings Total area: 29,000 sq.m Apartments: 320 Retail: 7,600 sq.m Number of parking spaces: 190 91 - 25/09/2019 Investor Day
Slide 92: Residential Tour in Paris 15th
8 Residential Tour in Paris 15th 92 - 25/09/2019 Investor Day
Slide 93: Vouillé
Vouillé -
Slide 94: Vouillé – 6/22 rue de Vouillé
Vouillé – 6/22 rue de Vouillé Paris 15th arrondissement LOCATION Located in a residential neighborhood in Paris (75015) well served by all means of transport: ~ 10 min by foot ~ 8 min by foot Greats accommodations: — Close to several hypermarkets, bars, restaurants, bakeries… — In front of a public
Slide 95: Vouillé - Characteristics
Vouillé - 6/22 rue de Vouillé Paris 15th arrondissement CHARACTERISTICS Build in 1970 28 370 sq.m SHAB, 913 sq.m of offices, 969 Green spaces sq.m of retail 586 apartments, 6 retails shops, 554 parking spaces Excellent split of the apartments size: — 38% studios — 33% 2 rooms — 7% 3 rooms Gecina’s p
Slide 96: Vouillé - Details of the investment plan
Vouillé - 6/22 rue de Vouillé Paris 15th arrondissement DETAILS OF THE INVESTMENT PLAN - AN EXAMPLE OF DENSIFICATION —Capturing the rental uplift & capital value creation • €19m capex (renovation of common & private parts) in order to: • +18% of potential rental uplift • ~7,5% Yield on Cost (3,1% Ca
Slide 97: Potential student housing project to densify the plot
Vouillé - 6/22 rue de Vouillé Paris 15th arrondissement POTENTIAL STUDENT HOUSING PROJECT TO DENSIFY THE PLOT Transforming unused common spaces into Retail unit Nursery developped 97 - 25/09/2019 Investor Day
Slide 98: Capex plan to support value creation
Vouillé - 6/22 rue de Vouillé Paris 15th arrondissement CAPEX PLAN TO SUPPORT VALUE CREATION 98 - 25/09/2019 Investor Day
Slide 99: Morillons
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Slide 100: Morillons - 37/39 rue des Morillons
Morillons - 37/39 rue des Morillons Paris 15th arrondissement LOCATION Located in a residential neighborhood in Paris (75015) well served by all means of transport: ~ 10 min by foot ~ 13 min by foot ~ 5 min by foot Excellent accommodations: — Close to several hypermarkets, bars, restaurants, bakerie
Slide 101: 37/39 rue des Morillons
37/39 rue des Morillons Paris 15th arrondissement Build in 1966 2,800sq.m SHAB, 300 sq.m of offices, 300 Green spaces sq.m of retails 33 apartments, 1 retail shop, 33 parking spaces Excellent split of the apartments size: — 40% 2 rooms — 37% 3 rooms — 23% > 4 rooms 94,7% of occupancy rate on the hou
Slide 102: Morillons - Details of the investment plan
Morillons - 37/39 rue des Morillons Paris 15th arrondissement DETAILS OF THE INVESTMENT PLAN - AN EXAMPLE OF DENSIFICATION —Transform low value-added surfaces into profitable one… • Inaccessible terraces → into exploitable terraces of 90 sq.m • Low value-added surfaces of offices → into 206 sq.m of
Slide 103: Morillons - 37/39 rue des Morillons
Morillons - 37/39 rue des Morillons Paris 15th arrondissement 2021 2021 103 - 25/09/2019 Investor Day
Slide 104: Investor day 2019 Contacts
Investor day 2019 Contacts IR TEAM Samuel Henry-Diesbach +33 6 32 76 47 23 samuelhenry-diesbach@gecina.fr Virginie Sterling +33 6 87 74 39 76 virginiesterling@gecina.fr Jihane Jebali +33 6 42 67 26 20 jihanejebali@gecina.fr DISCLAIMER This document does not constitute an offer to sell or a solicitat