1603391_GECINA_RA2015_GB.indd

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

  1. Key figures

  2. Profile

  3. 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 STRATEGY

32 Sustainable innovation

at the heart of our strategy

34 Our flagship projects for 2015

  1. Confirming our leadership for urban offices in Paris

  2. Offering a unique customer experience and range

of solutions

  1. Creating value through expert management

  2. 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

  1. Asset management, a systemic approach

  2. Financial management supporting real estate value creation

  3. Financial communications

  1. Stock market and shareholders

  2. Financial indicators

  3. Consolidated statement of financial position

  4. Consolidated statement of comprehensive income (EPRA format)

GECINA'S INTEGRATED ANNUAL REPORT

€574.6 million

of rental income in 2015

447

employees

100%

of the office space delivered in 2015 was certified with a high

level of HQE™ Construction certification

€12.9 billion

portfolio value at end-2015

90%

of portfolio located in Paris Region

> 4,900

direct, indirect and induced jobs supported by Gecina's business each year

URBAN OFFICE MARKET LEADER IN GREATER PARIS

Gecina 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.

INVESTMENTS

Gecina 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 REDEVELOPMENT

Gecina manages its portfolio's construction and redevelopment operations.

MARKETING PHASE

When letting vacant space, Gecina ensures a strong focus on customer satisfaction.

OPERATIONS

Gecina optimizes the management of its portfolio and the financial and environmental performance of its assets.

DIVESTMENT

Gecina 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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