Turnover: 3.03 billion EUR (2021)

Country: France

Founded in 1994 and 1963 respectively, Altarea subsequently acquired Cogedim in 2007. Both companies specialize in real estate development.

Altarea Cogedim mainly targets the residential market (student buildings and retirement homes), and the commercial real estate market (buildings, shops, hotels). Sales break down as follows: 73% in residential, 16% in offices and 11% in retail.

Altarea Cogedim operates throughout France, as well as in Italy and Spain.

Altarea Cogedim regularly carries out external growth activities, notably acquiring stakes in Histoire et Patrimoine in 2014, and Pitch Promotion in 2016.

The company is looking to expand in the digital sector through an open innovation approach and the development of 3D virtual tours.

News

Altarea launches affordable housing for first-time buyers 22/05/2024

  • Nearly 100 homes marketed one month after the launch of the new Cogedim Access offer.
  • Interest rates quadrupled by 2022, reducing the purchasing power of potential buyers by 20% to 30%.
  • Private development market down by around 50%, from 150,000 to 160,000 homes a year to around 80,000.
  • Altarea's objective: to enable a household earning 3,000 euros a month to buy a three-bedroom apartment with no deposit and monthly payments of 1,000 euros.
  • Altarea to reduce housing production from 13,000 units in 2019 to 8,000 units in 2023
  • New "Access" housing should account for around 2,500 units of Altarea's business.
  • Reduction in the share of Altarea's overall sales generated by property development from 70% to 40%.

Altarea acquires Woodeum to build greener 22/02/2023

  • Altarea acquires low-carbon developer Woodeum
  • The acquisition of low-carbon developer WO2, which is selling its residential business, will enable Altarea to green its housing production
  • Woodeum delivers nearly 1,000 homes a year
  • The building sector is responsible for 25% of France's lifecycle carbon emissions

Financial Data

DUNS: 534129283

Legal Name: ALTAREA ENTREPRISE HOLDING

Address: 87 RUE DE RICHELIEU , 75002 PARIS 2

Number of employees: 0 salarié (2023)

Capital: 250 000 EUR


Financial Data:

Year 2021 2020 2019 2018 2017 2016
Turnover - - - - - -
Gross margin (€) - - 1 000 - - 4 155
EBITDA (€) -191 -1 075 774 -1 715 -475 2 722
Operating profit (€) -191 -1 075 774 -1 715 -475 2 722
Net profit (€) 2 311 859 16 019 332 2 742 921 -2 845 875 17 318 303 -544 149
Turnover growth rate (%) - - - - - -
Ebitda margin rate (%) - - - - - -
Operating margin rate (%) - - - - - -
Working Capital (turnover days) - - - - - -
Working Capital requirements (turnover days) - - - - - -
Net margin (%) - - - - - -
Added value / Turnover (%) - - - - - -
Wages and social charges (€) - - - - - -
Salaries / Turnover (%) - - - - - -

Company Managers:

Position First Name Last Name Age Linkedin
Gérant Adrien Blanc 52

Studies mentioning this company

The real estate development market - France

Other companies mentioned:

  • Bouygues Immobilier
  • Vinci Immobilier
  • Eiffage Groupe
  • Nacarat (Groupe Robot Dutilleul)
  • Nexity
  • Altarea Cogedim
  • Icade
  • Kaufman & Broad
  • Pichet groupe
  • Les Nouveaux Constructeurs Bassac
  • AST Groupe
  • Sogeprom
  • BNP Paribas Real Estate France
  • Marignan
  • Lazard Group Real Estate
  • Réalités Promotion
  • Sopic
  • Compagnie de Phalsbourg
  • Frey
  • Duval Groupe
  • Groupama Immobilier
  • Unibail-Rodamco-Westfield
  • Arche groupe Immobilier
  • Socri
  • CEETRUS Auchan
  • SCC
  • CDC Habitat
  • Constructa
  • Spirit Immobilier
  • Apsys
  • KS Groupe
The office property market - France

Other companies mentioned:

  • Icade
  • Nexity
  • BNP Paribas Real Estate France
  • Altarea Cogedim
  • Vinci Immobilier
  • Bouygues Immobilier
  • CBRE
  • JLL Jones Lang Lasalle
  • WeWork
  • IWG Regus (International Workspace group)
  • Cushman & Wakefield
  • Arthur Loyd
  • Arthur Loyd
  • Batipart
  • Bureaux Locaux
  • Ivanhoé Cambridge
  • NCT immo
  • SFL Foncière Lyonnaise
  • GSE Groupe