gecina sa (GFC:EN Paris)
Transactions by GECINA SA (GFC) in the last 6 months
Gecina SA (ENXTPA:GFC) sold residential assets and office portfolio for €90 million at the end of March 2013. The sale price included €66 million for residential real estate and €24 million for office properties.
Gecina SA (ENXTPA:GFC) acquired Mirabeau Tower from DEGI International, fund of Aberdeen Immobilien KAG mbH for approximately €190 million on March 19, 2013. Wargny Katz acted as notary, Fairway acted as legal advisor, Nerco acted as consultant for Gecina SA. Le Breton et Associés acted as notary, L'Etoile Properties Services, BNP Paribas Real Estate and Jones Lang LaSalle acted as real estate advisors for Aberdeen Immobilien KAG mbH.
DEGI International
Wilson Finance acquired 200 m2 of Office Space from Gecina SA (ENXTPA:GFC) for €2.26 million on February 4, 2013.
Groupe SIFER Immobilier SAS acquired Château de Rochegude from Gecina SA (ENXTPA:GFC) for €2.2 million on January 15, 2013.
Atland SAS acquired 20 shops in Paris from Gecina SA (ENXTPA:GFC) on December 19, 2012. The shops generated a rental income of €0.65 million annually. Financing for the acquisition was committed by Socfim and Caisse d’Epargne d’Ile-de-France. Etude Chevreux acted as notary for Gecina and Etude Michelez acted as notary for Atland.
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Industry Analysis
GFC
Industry Average
| Valuation | GFC | Industry Range |
| Price/Earnings | 23.7x |
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| Price/Sales | 9.0x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | 26.9x |
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| TEV/Sales | 2.4x |
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