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Housing: Gecina is making a strong comeback in rental residential real estate

2021-05-07T20:40:16.887Z

The property company will buy 1,000 homes over four years in Woodeum, a few months after an agreement with Nexity.



Housing is attracting big investors again, after years of virtual neglect.

"We are witnessing a return of institutional investors to the housing segment"

, rejoices Véronique Bédague, Deputy CEO of Nexity, the leading real estate developer in France.

Last October, Nexity signed an agreement for the sale of 4,000 housing units in four years to the Gecina property company.

And it announces today a similar agreement with the wood specialist Woodeum.

However, it is on a smaller scale: 1,000 housing units, also over four years.

Read also:

The leader Nexity garners housing market share

Gecina is a long-standing player in the housing segment.

For many years, the real estate company has considered completely separating from its stock of 6,000 housing units, located in Île-de-France and valued at 3.3 billion euros, to focus on offices, which represent nearly 17 billion euros of value.

This is no longer the case today.

Quite the contrary.

“This agreement with Woodeum, after the one with Nexity,

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Source: lefigaro

All business articles on 2021-05-07

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