The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Real Estate Real Estate Activities Buying, Selling And Rental Activities 68.2 - Rental and operating of own or leased real estate
450 jobs Number of planned job creations
Announcement Date
2 July 2007
Employment effect (start)
1 December 2009
Foreseen end date
1 August 2012
Description
The French group Gecina announced on 2 July 2007 its plans to open a new storage site in Sablé sur Sarthe (Sarthe). Gecina France is investing 70 million Euro in a 140,000 square-metre logistics platform that is expected to create 450 new jobs between December 2009 and August 2012 and reflects the expansion needs of the group in Europe. Gecina Group is a France-based residential and commercial real estate company which is starting a new activity on logistics with the investment in Sablé sur Sarthe. The Group is principally engaged in the rental of commercial and residential properties. The majority of Gecina's properties are located in the Paris area, with a small percentage located in Lyon. In addition to a large number of private individuals, Gecinas's client base includes many international businesses and organisations from a wide range of sectors such as construction, luxury goods, government services, banking, information technology and insurance companies. Metrovacesa is the principal shareholder in Gecina Group, with a 68.76% stake.
Sources
4 July 2007: La Tribune
2 July 2007: Le Journal des Finances
13 June 2007: Le Revenu
2 July 2007: Investir
Citation
Eurofound (2007), Gecina, Business expansion in France, factsheet number 65561, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65561.
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