Operator
Hello, and welcome to Gecina’s business update as of September 30, 2025. [Operator Instructions] Today, we are pleased to have Benat Ortega, our CEO, and Nicolas Dutreuil, Deputy CEO in charge of Finance, as our presenters.
I will now hand you over to your host, Benat Ortega, to begin today’s conference. Thank you.
Benat Ortega
CEO & Director
Good morning, everyone, and thank you for joining us this morning to review our activities for the first three quarters of 2025. I would like to highlight some key points from our performance.
In the realm of office leasing, despite the challenging political landscape in France, we have successfully secured 114,000 square meters year-to-date. This achievement already surpasses one-third of our total leasing from last year. Our leasing activities span across all our geographical locations, generating an impressive EUR 60 million in annual rents.
Turning to residential leasing, we are excited to report that nearly 1,300 leases have been signed so far this year. This success underscores the effectiveness of our portfolio transformation towards service apartments, which are designed to meet the needs of modern living. Our offerings cater to a diverse clientele, including students, young professionals, families, and corporate clients. We are proud to see a strong rental uplift, outperforming indexation with a remarkable 9% increase across our office portfolio. Notably, we achieved a 28% increase in the extended Central Business District (CBD) and an impressive 14% uplift in our Parisian residential portfolio.
Over the first nine months of the year, we recorded a 4% increase in rental income, reflecting our strategic focus on enhancing our portfolio and meeting market demands. This growth is a testament to our commitment to delivering high-quality spaces that resonate with the evolving needs of our tenants.
As we move forward, we remain dedicated to navigating the complexities of the current market while continuing to drive growth and innovation within our operations. Our proactive approach and adaptability will be key as we strive to enhance our offerings and maximize value for our stakeholders.
