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Gecina is a residential, office, and healthcare focused real estate investment trust (REIT). Its portfolio of properties also includes shopping malls, warehouses, and logistic centers responsible for coordinating commercial businesses such as those operating in business parks. Almost all of its business comes from France (in 2009 only 1% of assets were abroad) where it dominates the Paris market (is the largest residential and commercial property owner, France is the 2nd biggest market for real estate in Europe outside of London). Outside of Paris traditionally it has been a large investor in Lyon. As of 2010, Gecina is reducing its interest in some business lines such as warehouses, because of their limited market growth potential.〔(【引用サイトリンク】title=Gecina Ups Stake in $520M Beaugrenelle Mall )〕 The company has the third highest asset value among European REITs, largest French SIIC by market cap and second largest publicly traded property company in France (next to Fonciere des Regions and Icade).〔(naREIT )〕 88% of business comes from only two of five business segments (offices and residential) and in March 2010 it had a market cap of $6.6 billion.〔〔(Gecina to exit Spanish market|date=2010-03-03 )〕 For the 2010 fiscal year 83% of rental revenue came from the Paris region (47% from the city core), 15% from elsewhere in France (40% of that from Lyon) and 2% from abroad. Leading revenue generating assets were offices (54%) followed by residential structures (30%). Healthcare (8%), logistics (5%) and hotels (2%) contributed a combined 15%.〔 Gecina is a constituent of the FTSE EPRA/NAREIT Developed Europe index and a member of the European Public Real Estate Association (EPRA). ==History== Gecina was founded in 1959 as Groupement pour le Financement de la Construction, an SII (French term for a special type of real estate investment company that only invests in residential properties) focused on promoting housing development in Paris. SII was a relatively new concept invented by the French government in order to help companies interested in creating real estate but put off by French housing laws (laws that were meant to keep rent prices affordable). Lenient buildings codes (generous in terms of height restrictions) helped the company grow in the 1960s until new restrictions were introduced in the late 1970s. The 1990s were bittersweet, although the company faced increased competition and recessionary effects on the housing market, it made key acquisitions beginning with ''Groupement Français pour l'Investissement Immobilier'' in 1991, Foncina in 1997 and then ''Union Immobilier de France and La Foncière Vendôme'' (last two combined were about the same size as GFC before the acquisitions). In 1993 a change in focus to commercial properties forced it to relinquish its status as an SII (and the benefits that came with it). *In 2002 Gecina acquired real estate company Simco for 2.2 billion euro doubling its residential division.〔 *One of Gecina's biggest moves happened in late 2007 when it sold 37 properties worth 1.931 billion euro worth of assets to another company, Medea which was 96% controlled by Metrovacesa's largest shareholder. The decision was an attempt by Gecina to separate itself from Metrovacesa, the company that controlled it from 2005 to 2007.〔 〕 Metrovacesa's 2005 $7.4 billion investment in Gecina gave it control of the company at the time (over 60% interest).〔(【引用サイトリンク】title=Spain's Real Estate Conquistador )〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Gecina」の詳細全文を読む スポンサード リンク
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