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Gecina SA Delivers Pays de Savoie Private Hospital to Generale De Sante SA

Monday, 15 Oct 2012 11:55am EDT 

Gecina SA announced that Gecimed, its healthcare real estate subsidiary, completed work to build the Pays de Savoie private hospital in Annemasse on October 11, 2012. This facility has been delivered to its tenant-operator Generale De Sante SA under a firm 12-year lease. Representing a EUR 50 million investment for Gecina, this operation will generate long-term secure cash flows and a net yield of 6.75%. 

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