[10] In addition to housing in major French metropolitan areas, the Group also developed its activity in upmarket commercial real estate and luxury hotels, with the renovation of the Salle Wagram in 2009, the opening of the Marriott Renaissance Arc de Triomphe, the Radisson Blu in Nantes in 2012, and the InterContinental Hôtel Dieu in Marseille in 2013.
According to the reports from the company, 46% percent of it is owned by Alain Taravella (on 31 December 2016), 8% by ABP funds, 27% CA Group, 18% by the public & others.
[23] In 2017, the Group’s total revenues increased 22.6% over the prior fiscal year, to €1,940 million Listed on compartment A of Euronext Paris, Altarea had a market capitalization of €3.3 billion on 31 December 2017.
It involves environmentally-friendly shopping malls with a distinctive architecture, designed for a clientele consisting of families and multiple age groups.
[10][26][27] On 23 February 2011, it was announced that Altarea Cogedim, together with CFC Développement, will build the new French headquarters of Mercedes-Benz at Montigny-le-Bretonneux, replacing the current system of three venues for the carmaker distributed throughout the country.
[28] On 27 October 2011, a group subsidiary, Altacom, acquired a 24.13 percent stake in Rue du Commerce SA, one of France’s leading online retailers.
[30][31] In 2012, the group won the contract for the Place du Grand Ouest project in Massy, a mixed-use development of 100,000 m² (1,076,000 square feet).
This project represents the biggest construction site in Greater Paris, and as the sole operator the group plans to create around 900 dwellings, a 150-room hotel, a public parking lot with 550 spaces, a conference center including a 600-seater auditorium, a 12-screen cinema, a preschool and 8,000 m² (86,000 square feet) of local stores.
It will offer its future occupants several eateries, services, a conference centre with a 200-seat auditorium and space that can potentially house [19] In 2016, the group was awarded contracts for several mixed-use developments in various cities, comprising housing, offices and businesses, including the construction of the Belvédère neighborhood in Bordeaux (140,000 m² [1,500,000 square feet] with business and conference centers), the conversion of the Blanchisserie Centrale site at Lyon’s Hospices Civils hospital[33] (17,500 m² [188,000 square feet] in the heart of the city, to be completed in 2018) and a new project at the National Centre for Telecommunications Research in Issy-les-Moulineaux[34] (100,000 m² designed around a 13,000-m² [140,000-square-foot] urban park with housing, offices, public amenities and a daycare center).
[35] In 2017, the group inaugurated the Greater Paris largest construction site, Massy Place du Grand Ouest.