With around 1,000 housing units under development, Homya, Gecina’s residential subsidiary, is ramping up its growth
Following the acquisition of a new residential project at the end of 2021, with 96 housing units spread across 5,500 sq.m in Rueil-Malmaison (Hauts-de-Seine), Gecina has acquired seven new-build residential projects since the start of 2021. These seven projects, delivered between 2023 and 2025, represent a combined total of over 45,000 sq.m, with nearly 700 housing units, and a total investment of around €315m.
Pipeline increased to 1,000 new housing units including building redevelopment and densification operations
Gecina’s residential development pipeline also includes several redevelopment or densification projects on existing buildings, one of which will transform offices into housing.
In terms of its flagship projects, Gecina is currently redeveloping a project in Ville d’Avray for 125 apartments, which was initially designed with an exclusively concrete structure and will transition to a construction combining wood and concrete. This future residence, which is targeting the BiodiverCity label, is scheduled for delivery in Q1 2023.
On Rue Dareau in Paris’ 14th arrondissement, Gecina has launched an operation to transform an office building into housing. When it is delivered during the fourth quarter of 2023, this ambitious project will offer 92 high-quality residential units with extensive outdoor areas and landscaped spaces.
The Group has also identified several residential densification operations within its portfolio, representing a significant number of new housing units.
Including the acquisitions, redevelopment projects, densification and value creation operations within the portfolio, Gecina’s residential pipeline already represents nearly 1,000 future housing units to be delivered by 2025, with a +17% increase in the number of housing units under management.
In addition to these operations, Gecina has signed two co-development partnership agreements for the potential development, over the coming years, of 4,000 residential units with Nexity and 1,000 low-carbon, timber-structure housing units with Woodeum.
The pipeline’s future residences will be operated by Homya, Gecina’s residential subsidiary – which already has around 6,000 housing units - and marketed under the YouFirst Residence brand.
To safeguard its communications, Gecina certifies its contents with Wiztrust. You can check their authenticity at www.wiztrust.com.