Gecina to set up logistics, residential subsidiaries

Gecina, the largest player in France's office market, has ploughed more than EUR 1 bn into logistics and healthcare property in 2006 as part of its strategic diversification. Logistics, healthcare and hotels now represent 7% of Gecina's overall business and this is expected to grow to 16% in 2007, Gecina, a French subsidiary of Spanish property group Metrovacesa, said on Friday during the presentation of its 2006 annual results.

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