June 17, 2021

Gecina signs a reservation agreement for a 113-apartment project at the heart of Bordeaux

Gecina is actively moving forward with the development of its residential subsidiary, and has signed an off-plan reservation agreement to acquire a project with 113 apartments in Bordeaux, developed by Cogedim, Nexity and Pitch Promotion as part of a consortium of developers.

Located in the new central district of Belvédère, this residence, which will include two buildings with a total living space of 8,012 sq.m, will offer high-quality apartments, with an average size of 71 sq.m. The residence will be part of a real estate complex including social housing units, five retail spaces and parking. The Belvédère district is part of the Bordeaux Euratlantique operation of national interest and the Garonne-Eiffel project. It is ideally located on the banks of the River Garonne.

Once the residence has been built, it will be acquired by Homya, Gecina’s residential subsidiary, for €38.1m excluding duties and including tax. It marks a new step forward with the development of Homya, whose growth will be built around several pillars: direct investments, asset renovation or densification operations within its portfolio, development of new apartments in the Paris Region and major regional cities through the strategic partnerships with Nexity and Woodeum.

This project is also aligned with the CAN0P-2030 plan, targeting NF Habitat HQE certification with an “Exceptional” rating. It will be let under the YouFirst Residence brand, with delivery scheduled for the fourth quarter of 2024.


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