<?xml version="1.0" encoding="utf-8" standalone="no"?>
<?taxonomy-version 1.0.0.0?>
<?taxonomy-date 2022-03-16?>
<!--This is a generated XML file-->
<link:linkbase xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xml="http://www.w3.org/XML/1998/namespace">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" />
  <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssets" xlink:label="loc_ifrs-full_NoncurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_NoncurrentAssets" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Actifs non courants [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssets" xlink:to="label_ifrs-full_NoncurrentAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentAssets" xlink:label="loc_ifrs-full_CurrentAssets" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CurrentAssets" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Actifs courants [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentAssets" xlink:to="label_ifrs-full_CurrentAssets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Assets" xlink:label="loc_ifrs-full_Assets" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_Assets" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Actifs [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Assets" xlink:to="label_ifrs-full_Assets" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_Equity" xlink:label="loc_ifrs-full_Equity" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_Equity" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Capitaux propres [start]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="label_ifrs-full_Equity" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_Equity2" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel">Capitaux propres [end]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Equity" xlink:to="label_ifrs-full_Equity2" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="loc_ifrs-full_EquityAttributableToOwnersOfParent" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_EquityAttributableToOwnersOfParent" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Capitaux propres attribuables aux propriétaires de la société mère [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="label_ifrs-full_EquityAttributableToOwnersOfParent" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLiabilities" xlink:label="loc_ifrs-full_NoncurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_NoncurrentLiabilities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Passifs non courants [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLiabilities" xlink:to="label_ifrs-full_NoncurrentLiabilities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CurrentLiabilities" xlink:label="loc_ifrs-full_CurrentLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CurrentLiabilities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Passifs courants [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CurrentLiabilities" xlink:to="label_ifrs-full_CurrentLiabilities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EquityAndLiabilities" xlink:label="loc_ifrs-full_EquityAndLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_EquityAndLiabilities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Capitaux propres et passifs [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EquityAndLiabilities" xlink:to="label_ifrs-full_EquityAndLiabilities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DirectOperatingExpenseFromInvestmentProperty" xlink:label="loc_ifrs-full_DirectOperatingExpenseFromInvestmentProperty" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_DirectOperatingExpenseFromInvestmentProperty" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Charges opérationnelles directes des immeubles de placement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DirectOperatingExpenseFromInvestmentProperty" xlink:to="label_ifrs-full_DirectOperatingExpenseFromInvestmentProperty" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xlink:label="loc_ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Revenus locatifs des immeubles de placement, nets des charges opérationnelles directes [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xlink:to="label_ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdministrativeExpense" xlink:label="loc_ifrs-full_AdministrativeExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_AdministrativeExpense" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Charges administratives [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdministrativeExpense" xlink:to="label_ifrs-full_AdministrativeExpense" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:label="loc_ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Profits (pertes) réalisés sur l’ajustement de la juste valeur, immeubles de placement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:to="label_ifrs-full_GainsLossesOnFairValueAdjustmentInvestmentProperty" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DepreciationAndAmortisationExpense" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_DepreciationAndAmortisationExpense" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dotations aux amortissements [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationAndAmortisationExpense" xlink:to="label_ifrs-full_DepreciationAndAmortisationExpense" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossFromOperatingActivities" xlink:label="loc_ifrs-full_ProfitLossFromOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ProfitLossFromOperatingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Profits (pertes) d’activités opérationnelles [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossFromOperatingActivities" xlink:to="label_ifrs-full_ProfitLossFromOperatingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="loc_ifrs-full_ProfitLossBeforeTax" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ProfitLossBeforeTax" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Résultat avant impôt [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossBeforeTax" xlink:to="label_ifrs-full_ProfitLossBeforeTax" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Charge (produit) d’impôt [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="label_ifrs-full_IncomeTaxExpenseContinuingOperations" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ProfitLoss" xlink:label="loc_ifrs-full_ProfitLoss" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ProfitLoss" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Résultat [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss" xlink:to="label_ifrs-full_ProfitLoss" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:label="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Autres éléments du résultat global qui ne seront pas reclassés en résultat net, nets d’impôt [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:to="label_ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncome" xlink:label="loc_ifrs-full_ComprehensiveIncome" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ComprehensiveIncome" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Résultat global [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncome" xlink:to="label_ifrs-full_ComprehensiveIncome" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Flux de trésorerie résultant (utilisés dans le cadre) des activités avant variations du fonds de roulement [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" xlink:to="label_ifrs-full_CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInOperatingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Flux de trésorerie résultant (utilisés dans le cadre) des activités opérationnelles [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="label_ifrs-full_CashFlowsFromUsedInOperatingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Achat d’instruments financiers, classé dans les activités d’investissement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="label_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInInvestingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Flux de trésorerie résultant (utilisés dans le cadre) d’activités d’investissement [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="label_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividendes versés aux porteurs d’actions de l’entité mère, classés dans les activités de financement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:to="label_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividendes versés aux participations ne donnant pas le contrôle, classés dans les activités de financement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:to="label_ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Remboursements d’emprunts, classés dans les activités de financement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" xlink:to="label_ifrs-full_RepaymentsOfBorrowingsClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Intérêts payés, classés dans les activités de financement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:to="label_ifrs-full_InterestPaidClassifiedAsFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_CashFlowsFromUsedInFinancingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Flux de trésorerie résultant (utilisés dans le cadre) d’activités de financement [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="label_ifrs-full_CashFlowsFromUsedInFinancingActivities" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Augmentation (diminution) de la trésorerie et des équivalents de trésorerie [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="label_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DividendsPaid" xlink:label="loc_ifrs-full_DividendsPaid" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_DividendsPaid" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dividendes comptabilisés au titre des distributions aux propriétaires [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaid" xlink:to="label_ifrs-full_DividendsPaid" />
    <link:loc xlink:type="locator" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:label="loc_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" />
    <link:label xlink:type="resource" xlink:label="label_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Écarts actuariels découlant d’ajustements liés à l’expérience, passif (actif) net au titre de prestations définies [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:to="label_ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_ConsolidatedReservesAttribuableToOwnersOfTheParentCompany" xlink:label="loc_Gecina_ConsolidatedReservesAttribuableToOwnersOfTheParentCompany" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_ConsolidatedReservesAttribuableToOwnersOfTheParentCompany" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Réserves consolidées attribuables aux propriétaires de la société mère</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_ConsolidatedReservesAttribuableToOwnersOfTheParentCompany" xlink:to="label_Gecina_ConsolidatedReservesAttribuableToOwnersOfTheParentCompany" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_ConsolidatedReservesAttribuableToOwnersOfTheParentCompany2" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel">Réserves consolidées attribuables aux propriétaires de la société mère [start]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_ConsolidatedReservesAttribuableToOwnersOfTheParentCompany" xlink:to="label_Gecina_ConsolidatedReservesAttribuableToOwnersOfTheParentCompany2" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_ConsolidatedNetIncomeAttributableToOwnersOfTheParent" xlink:label="loc_Gecina_ConsolidatedNetIncomeAttributableToOwnersOfTheParent" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_ConsolidatedNetIncomeAttributableToOwnersOfTheParent" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Résultat net consolidé attribuable aux propriétaires de la société mère</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_ConsolidatedNetIncomeAttributableToOwnersOfTheParent" xlink:to="label_Gecina_ConsolidatedNetIncomeAttributableToOwnersOfTheParent" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_CurrentTaxAndSocialSecurityLiabilities" xlink:label="loc_Gecina_CurrentTaxAndSocialSecurityLiabilities" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_CurrentTaxAndSocialSecurityLiabilities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Dettes fiscales et sociales courantes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_CurrentTaxAndSocialSecurityLiabilities" xlink:to="label_Gecina_CurrentTaxAndSocialSecurityLiabilities" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_RechargesToTenants" xlink:label="loc_Gecina_RechargesToTenants" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_RechargesToTenants" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Charges refacturées</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_RechargesToTenants" xlink:to="label_Gecina_RechargesToTenants" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_CurrentOperatingIncomeOnFinanceLeaseTransactions" xlink:label="loc_Gecina_CurrentOperatingIncomeOnFinanceLeaseTransactions" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_CurrentOperatingIncomeOnFinanceLeaseTransactions" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Résultat opérationnel courant sur opérations de crédit-bail</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_CurrentOperatingIncomeOnFinanceLeaseTransactions" xlink:to="label_Gecina_CurrentOperatingIncomeOnFinanceLeaseTransactions" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_CurrentOperatingIncomeOnTheHotelActivity" xlink:label="loc_Gecina_CurrentOperatingIncomeOnTheHotelActivity" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_CurrentOperatingIncomeOnTheHotelActivity" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Résultat opérationnel courant de l'activité hôtelière</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_CurrentOperatingIncomeOnTheHotelActivity" xlink:to="label_Gecina_CurrentOperatingIncomeOnTheHotelActivity" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_Ebitda" xlink:label="loc_Gecina_Ebitda" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_Ebitda" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Excédent brut d'exploitation</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_Ebitda" xlink:to="label_Gecina_Ebitda" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_Ebitda2" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/totalLabel">Excédent brut d'exploitation [total]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_Ebitda" xlink:to="label_Gecina_Ebitda2" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_RealEstateMargin" xlink:label="loc_Gecina_RealEstateMargin" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_RealEstateMargin" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Marge immobilière</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_RealEstateMargin" xlink:to="label_Gecina_RealEstateMargin" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_NetImpairmentsAndProvisions" xlink:label="loc_Gecina_NetImpairmentsAndProvisions" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_NetImpairmentsAndProvisions" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Dépréciations et provisions nettes</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_NetImpairmentsAndProvisions" xlink:to="label_Gecina_NetImpairmentsAndProvisions" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_NetImpairmentsAndProvisions2" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dépréciations et provisions nettes [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_NetImpairmentsAndProvisions" xlink:to="label_Gecina_NetImpairmentsAndProvisions2" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_FinancialImpairmentAndDepreciation" xlink:label="loc_Gecina_FinancialImpairmentAndDepreciation" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_FinancialImpairmentAndDepreciation" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Dépréciation à caractère financier</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_FinancialImpairmentAndDepreciation" xlink:to="label_Gecina_FinancialImpairmentAndDepreciation" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_FinancialImpairmentAndDepreciation2" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Dépréciation à caractère financier [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_FinancialImpairmentAndDepreciation" xlink:to="label_Gecina_FinancialImpairmentAndDepreciation2" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_PremiumAndBondRedemptionCosts" xlink:label="loc_Gecina_PremiumAndBondRedemptionCosts" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_PremiumAndBondRedemptionCosts" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Primes et frais de rachat des emprunts obligataires</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_PremiumAndBondRedemptionCosts" xlink:to="label_Gecina_PremiumAndBondRedemptionCosts" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_PremiumAndBondRedemptionCosts2" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Primes et frais de rachat des emprunts obligataires [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_PremiumAndBondRedemptionCosts" xlink:to="label_Gecina_PremiumAndBondRedemptionCosts2" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_NetDepreciationAmortizationImpairmentsAndProvisions" xlink:label="loc_Gecina_NetDepreciationAmortizationImpairmentsAndProvisions" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_NetDepreciationAmortizationImpairmentsAndProvisions" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Dotations nettes aux amortissements, dépréciations et provisions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_NetDepreciationAmortizationImpairmentsAndProvisions" xlink:to="label_Gecina_NetDepreciationAmortizationImpairmentsAndProvisions" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_ChangesInFairValueAndPremiumsAndRepurchaseCostsOnBonds" xlink:label="loc_Gecina_ChangesInFairValueAndPremiumsAndRepurchaseCostsOnBonds" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_ChangesInFairValueAndPremiumsAndRepurchaseCostsOnBonds" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Variation de valeur, primes et frais de rachat des emprunts obligataires</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_ChangesInFairValueAndPremiumsAndRepurchaseCostsOnBonds" xlink:to="label_Gecina_ChangesInFairValueAndPremiumsAndRepurchaseCostsOnBonds" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_NetFinancialExpenses" xlink:label="loc_Gecina_NetFinancialExpenses" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_NetFinancialExpenses" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Frais financiers nets</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_NetFinancialExpenses" xlink:to="label_Gecina_NetFinancialExpenses" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_AcquisitionsOfTangibleAndIntangibleFixedAssets" xlink:label="loc_Gecina_AcquisitionsOfTangibleAndIntangibleFixedAssets" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_AcquisitionsOfTangibleAndIntangibleFixedAssets" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Décaissements liés aux acquisitions d'immobilisations corporelles et incorporelles</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_AcquisitionsOfTangibleAndIntangibleFixedAssets" xlink:to="label_Gecina_AcquisitionsOfTangibleAndIntangibleFixedAssets" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_AcquisitionsOfTangibleAndIntangibleFixedAssets2" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Décaissements liés aux acquisitions d'immobilisations corporelles et incorporelles [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_AcquisitionsOfTangibleAndIntangibleFixedAssets" xlink:to="label_Gecina_AcquisitionsOfTangibleAndIntangibleFixedAssets2" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_DisposalsOfTangibleAndIntangibleFixedAssets" xlink:label="loc_Gecina_DisposalsOfTangibleAndIntangibleFixedAssets" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_DisposalsOfTangibleAndIntangibleFixedAssets" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Encaissements liés aux cessions d'immobilisations corporelles et incorporelles</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_DisposalsOfTangibleAndIntangibleFixedAssets" xlink:to="label_Gecina_DisposalsOfTangibleAndIntangibleFixedAssets" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_ChangeInWorkingCapitalRequirementRelatingToInvestingActivities" xlink:label="loc_Gecina_ChangeInWorkingCapitalRequirementRelatingToInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_ChangeInWorkingCapitalRequirementRelatingToInvestingActivities" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Variation deu besoin en fonds de roulement lié aux opérations d'investissement</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_ChangeInWorkingCapitalRequirementRelatingToInvestingActivities" xlink:to="label_Gecina_ChangeInWorkingCapitalRequirementRelatingToInvestingActivities" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_ChangeInWorkingCapitalRequirementRelatingToInvestingActivities2" xml:lang="fr" xlink:role="http://www.xbrl.org/2009/role/negatedLabel">Variation deu besoin en fonds de roulement lié aux opérations d'investissement [negated]</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_ChangeInWorkingCapitalRequirementRelatingToInvestingActivities" xlink:to="label_Gecina_ChangeInWorkingCapitalRequirementRelatingToInvestingActivities2" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_AdditionalPaidInCapitalAndConsolidatedReservesMember" xlink:label="loc_Gecina_AdditionalPaidInCapitalAndConsolidatedReservesMember" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_AdditionalPaidInCapitalAndConsolidatedReservesMember" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Primes et réserves consolidées Membre</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_AdditionalPaidInCapitalAndConsolidatedReservesMember" xlink:to="label_Gecina_AdditionalPaidInCapitalAndConsolidatedReservesMember" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_CapitalIncreaseReservedForGroupeEmployees" xlink:label="loc_Gecina_CapitalIncreaseReservedForGroupeEmployees" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_CapitalIncreaseReservedForGroupeEmployees" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Augmentation de capital réservée aux salariées du Groupe</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_CapitalIncreaseReservedForGroupeEmployees" xlink:to="label_Gecina_CapitalIncreaseReservedForGroupeEmployees" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_PerformanceShare" xlink:label="loc_Gecina_PerformanceShare" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_PerformanceShare" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Action de performance</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_PerformanceShare" xlink:to="label_Gecina_PerformanceShare" />
    <link:loc xlink:type="locator" xlink:href="9695003E4MMA10IBTR26-2021-12-31.xsd#Gecina_SharesLinkedToTheExerciseOfShareSubscriptionOptions" xlink:label="loc_Gecina_SharesLinkedToTheExerciseOfShareSubscriptionOptions" />
    <link:label xlink:type="resource" xlink:label="label_Gecina_SharesLinkedToTheExerciseOfShareSubscriptionOptions" xml:lang="fr" xlink:role="http://www.xbrl.org/2003/role/label">Actions liées à l'exercice de l'option de souscription d'actions</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_Gecina_SharesLinkedToTheExerciseOfShareSubscriptionOptions" xlink:to="label_Gecina_SharesLinkedToTheExerciseOfShareSubscriptionOptions" />
  </link:labelLink>
</link:linkbase>