Gecina: Solid First-Quarter Performance
+1.3% like-for-like benefiting from the rent catch-up for previous years (-0.9% excluding this effect)
€133m of sales, with a +4.3% premium versus the latest end-2020 values
Target for operational portfolio to be carbon neutral by 2030 (CAN0P-2030)
Target to requalify all bond issues as Green Bonds
Positive reversion of +8% recorded in the first quarter (+18% for Paris CBD)
43% of the 2021-2022 pipeline pre-let, up 6 points since end-2020
Regulatory News:
Gecina (Paris:GFC):
First signs of a rental market upturn, encouraging trend for the second half of the year
Around 39,000 sq.m let to date, including 30,000 sq.m during the first quarter, with an average firm maturity of 6.4 years on the new leases signed, significantly higher than the firm residual average maturity of 4.5 years for the Group s office leases
Mercedes stolen from drive on West Crescent, Canvey | Braintree and Witham Times
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Mercedes stolen from drive on West Crescent, Canvey
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