Beńat Ortega, CEO of Gecina (EPA: GFC), sat down for a video interview at Nareit’s REITweek: 2026 Investor Convention in New York, June 1-4.
Gecina is benefiting from workplace market traits that more and more favor high-quality, centrally situated belongings in Paris, in line with Ortega. He famous that workplace attendance has steadily recovered because the pandemic, with staff now returning to the office about 4 days per week on common.
Ortega mentioned Paris’ dense city atmosphere, extremely sponsored public transportation system, and vibrant city-center tradition proceed to attract each employers and staff again to the workplace.
“Individuals like to assemble. They like to satisfy purchasers, suppliers, colleagues at lunchtime,” he mentioned. “The liveliness of the town middle makes the middle areas extra interesting for workers and due to this fact for the businesses.”
That development has strengthened Gecina’s long-term technique of concentrating its portfolio in central Paris whereas disposing of belongings in much less fascinating areas. Over the previous a number of years, the corporate has offered roughly €3 billion of belongings and reinvested in redevelopment tasks and acquisitions that improve portfolio high quality and future development potential.
Wanting forward, Ortega highlighted Gecina’s sturdy steadiness sheet, A- credit standing, and low leverage profile.
“We now have been actively investing within the firm, in our belongings, in order that we are able to develop these money flows and people earnings over time,” he mentioned.
