Work of art. The T1 & B towers, office skyscrapers located
in Courbevoie, at the heart of the Paris-La Défense business district, represent Gecina's main acquisition, with a daring design that echoes the iconic Caesar's Thumb sculpture.
REAL ESTATE MARKET LEADER FOR URBAN OFFICES
2015 INTEGRATED ANNUAL REPORT
16, rue des Capucines
75084 Paris Cedex 02
Tél. : 33 (0) 1 40 40 50 50
www.gecina.fr
"Gecina is confirming its role as a socially responsible company, engaged in the city's policies and sustainable innovation efforts, able to integrate social and environmental concerns on an equal footing with economic goals.
A leading real estate group in France and Europe, Gecina has chosen to publish an integrated annual report presenting the key aspects
of its financial, environmental and social performances. This report aims to reflect the Group's analysis of its business model in relation to various social and environmental issues, and describes how its strategy, governance, performance and prospects are creating value. It therefore covers all the essential financial and non-financial issues, closely aligned with our stakeholders".
BERNARD MICHEL
Gecina's Chairman
o better reinvent our business, harnessing our expertise to benefit all our stakeholders, we have chosen to realign ourselves around urban office real estate. Our ambition is to imagine, at the heart of Greater Paris, aesthetic, innovative, transformable, sustainable and very high value-added real estate solutions, in line with our customers' uses, today and tomorrow. Creating far more than just offices. Spaces for living,
performance and wellbeing.
GECINA'S INTEGRATED ANNUAL REPORT
Contents
ABOUT GECINA
Key figures
Profile
Portfolio realigned around urban offices
8 2015 highlights
10 Message from the Chairman
12 Board of Directors
14 Our value creation model
OUR CHALLENGES
18 Interview with Philippe Depoux
20 Executive Committee
22 Our industry's macro-trends
26 At the heart
of the value chain
28 Our vision for responsible buildings
OUR SUSTAINABLE INNOVATION STRATEGY32 Sustainable innovation
at the heart of our strategy
34 Our flagship projects for 2015
Confirming our leadership for urban offices in Paris
Offering a unique customer experience and range
of solutions
Creating value through expert management
Building on outstanding CSR commitments to support our stakeholders
46 Creating value through our HR performance
50 Company foundation taking day-to-day action
OUR OUTLOOK
53 Value-creating urban projects
55 Amsterdam
Tour Sunflower
City 2
Sky 56
YEAR HIGHLIGHTING OUR EXPERTISE
Asset management, a systemic approach
Financial management supporting real estate value creation
Financial communications
Stock market and shareholders
Financial indicators
Consolidated statement of financial position
Consolidated statement of comprehensive income (EPRA format)
GECINA'S INTEGRATED ANNUAL REPORT
€574.6 millionof rental income in 2015
447employees
100%of the office space delivered in 2015 was certified with a high
level of HQE™ Construction certification
€12.9 billionportfolio value at end-2015
90%of portfolio located in Paris Region
> 4,900direct, indirect and induced jobs supported by Gecina's business each year
URBAN OFFICE MARKET LEADER IN GREATER PARISGecina owns a real estate portfolio valued at €12.9 billion at end-2015.
The financial, rental and operational management of this portfolio, located primarily in the Paris Region, Paris City and Lyon, is continuously optimized by expert teams. A pioneer for CSR commitments and part of the main socially responsible indices, Gecina is ranked as one of the best-performing companies in its industry today.
It is also the first real estate company to achieve ISO 50001 certification for the quality of its energy management system.
The Group is present throughout the real estate value chain, enabling it to effectively manage the lifecycle of its assets.
INVESTMENTSGecina is moving forward with the rotation of its portfolio, acquiring operational buildings as well as properties to be built or redeveloped.
-40%target to reduce primary energy consumption between 2008 and 2016 for the office portfolio over
which Gecina has operational control
-60%target to reduce the office portfolio's greenhouse gas emissions between 2008 and 2030
PORTFOLIO VALUE FOR EACH BUSINESS AT END-2015 CONSTRUCTION AND REDEVELOPMENTGecina manages its portfolio's construction and redevelopment operations.
MARKETING PHASEWhen letting vacant space, Gecina ensures a strong focus on customer satisfaction.
OPERATIONSGecina optimizes the management of its portfolio and the financial and environmental performance of its assets.
DIVESTMENTGecina is moving forward with its portfolio's rotation, selling mature or non-strategic assets.
69%Offices
(77% after the healthcare portfolio's sale)
21%Residential
10%Healthcare
(sale underway)
City 2 building, Boulogne-Billancourt - 92
Gecina SA published this content on 21 April 2016 and is solely responsible for the information contained herein.
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