Batipart

What Batipart does

Batipart is a privately-held, family-controlled real estate investment group founded in 1988 by Charles Ruggieri and headquartered in Luxembourg. Operating across three business lines (real estate, tourism, hotels) on three continents (Europe, Africa, North America), the group manages €4.5 billion in assets under management as of year-end 2024 through approximately 150 direct employees distributed across offices in Luxembourg, Paris, Toulouse, Madrid, Milan, Montreal, and Washington DC. The company is 100% family-owned, with the Ruggieri family occupying all five seats on the Management Board and taking decisions unanimously; succession from founder to next generation was completed in 2021.

The group's revenue mechanics are diversified across four streams. First, Batipart Europe (a wholly-owned subsidiary) manages approximately €4 billion in European real estate across offices, retail, hospitality, leisure, and residential, generating income through asset appreciation, rental yields, capital gains on exits, and management fees on SCPI vehicles (Sofidynamic, Immorente, Meilleurimmo). Second, ONOMO Hotels (Batipart Africa, ~80% owned since 2009) is owner-developer-operator of 23 properties with roughly 3,000 rooms in 13 African countries, generating room revenue and operating income. Third, Batipart North America holds a 40% stake in Cogir Immobilier (the second-largest real estate asset manager in North America, with partners including Welltower, Blackstone, and PSP) and directly owns wildlife parks Parc Omega (since 2019) and Parc Safari (since 2025) in Quebec. Fourth, the group conducts selective property development, including the 17,500 m² Momentum office building in Paris and the Magnetik 34,000 m² next-generation office near Paris acquired in 2026 with Sofidy. The go-to-market is exclusively B2B institutional: Batipart never invests alone, instead structuring joint investment vehicles with insurance companies, sovereign-backed investors, and family offices on a deal-by-deal basis.

Notable recent transactions include the April 2026 €330 million acquisition of the Pullman Paris Tour Eiffel (435-room hotel near the Eiffel Tower, with CDC Investissement Immobilier, Société Générale Assurances, and QuinSpark), the April 2025 €300 million Prado office complex acquisition in Madrid with IBA Capital Partners (anchored by Amazon's Spanish HQ), the November 2025 €100 million+ divestment of Center Parcs Hochsauerland, and the 2024 acquisition of a 60% stake in Promenade de Flandre Retail Park. ONOMO completed the majority acquisition of Dubai-based Aleph Hospitality in June 2024, with Aleph appointed to manage the 26-hotel ONOMO portfolio in June 2025 with the strategic goal of doubling scale within five years. In January 2026, Batipart Europe published a Sustainable Financing Framework aligned with ICMA and LMA principles, validated by Sustainable Fitch. Technology plays a supporting operational role only — the group is not a technology company; its notable tech-related partnership is the January 2026 deployment of D-EDGE Hospitality Solutions across ONOMO's portfolio to digitize the guest journey.

Name

Batipart

Legal name

Batipart Invest S.C.A, Société en Commandite par Actions

Website

https://batipart.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Batipart is a 100% family-owned Luxembourg-based real estate investment group managing €4.5 billion across three business lines (real estate, tourism, hotels) on three continents. It invests exclusively alongside institutional co-investors in European, African, and North American assets via subsidiaries Batipart Europe, ONOMO Hotels, and a 40% stake in Cogir Immobilier.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Management of Companies and Enterprises (5511), Lessors of Residential Buildings and Dwellings (531110)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Multifamily Brokerage (BPAJABAD)

Keywords

• Real estate investment
• Asset management
• Hotel ownership
• Tourism operations
• Co-investment partnerships

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Real Estate Investment Management: Batipart acquires, develops, and manages real estate assets (offices, retail, hospitality, leisure, residential) across Europe and North America. Revenue is generated through asset appreciation, rental income, and capital gains on exits. Batipart Europe manages assets on behalf of SCPI funds, institutional investors, and co-investors.
2. Hotel Ownership & Operations (ONOMO): ONOMO Hotels is majority-owned by Batipart (~80% of capital). As owner, developer, and operator, ONOMO generates revenue from room bookings and hotel services across 23 properties in 13 African countries. Revenue model combines property ownership appreciation with operational hospitality income.
3. Tourism Operations (Parc Omega, Parc Safari): Batipart owns and operates wildlife parks (Parc Omega in Quebec since 2019, Parc Safari in Quebec) featuring large semi-liberty natural areas. Revenue generated through visitor admissions, hospitality, and related tourism services. Expansion through further park acquisitions is planned.
4. Property Development: Batipart Europe property development activity focuses on producing new office buildings to the highest standards in Paris and inner suburbs. Seven development projects are underway, including Momentum (17,500 m², Paris 17th arrondissement), sold/leased to tenants such as Wavestone.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

Batipart is a family-owned real estate investment group that acquires, develops, and actively manages diversified real estate assets across Europe, Africa, and North America through three business lines: real estate investment (offices, retail, hospitality, leisure, residential), tourism (Parc Omega and Parc Safari wildlife parks in Quebec), and hotels (ONOMO pan-African hotel group, 80%-owned). With €4.5 billion in assets under management, the group invests alongside institutional partners (Covéa, CDC Investissement Immobilier, Société Générale Assurances, Morgan Stanley) and operates subsidiaries including Batipart Europe, ONOMO Hotels, and a 40% stake in Cogir Immobilier.

Product overview

Batipart is a family-owned real estate investment group operating across three business lines (Real Estate, Tourism, Hotels) on three continents (Europe, Africa, North America). The company manages €4.5 billion in assets under management with 150 employees. Key products include ONOMO Hotels, a pan-African hotel group with 23 properties in 13 countries; Cogir Immobilier, a major North American real estate asset manager; and Batipart Europe, which manages €4 billion in European real estate across offices, retail, hospitality, leisure, and residential sectors. The portfolio includes notable properties like the Pullman Paris Tour Eiffel, Magnetik office building, Momentum flagship building, and the Alma retail portfolio under Leroy Merlin and Bricoman brands.

Differentiator

Problem solved

Functional benefit

Brands

• ONOMO Collection: Premium boutique hotel brand of the Onomo Group featuring properties like Le Square in Casablanca
• African Hotel Development

Products and services

• ONOMO Hotels ONOMO Hotels is a pan-African hotel group operating as owner, developer, and operator of midscale-to-upscale lifestyle hotels in the business districts of African capitals. It targets business travelers across 13 African countries (Morocco, Senegal, Côte d'Ivoire, Cameroon, South Africa, Uganda, Rwanda, Tanzania, Mozambique, Nigeria, Mali, Guinea, Togo). Managed by Aleph Hospitality since 2025 with 26 hotels.
• Batipart Europe Wholly-owned subsidiary specialized in European real estate investment (long-term fund) and property development. Manages nearly €4 billion of assets under management as of 12/31/2024 across 6 European countries (France, Luxembourg, Italy, Spain, Portugal, Germany). Activities include investment in offices, retail, hospitality, leisure, and residential assets; active asset management; new office building development in Paris and inner suburbs; and SCPI fund management.
• Cogir Immobilier Quebec-based real estate asset manager; second-largest in North America. Manages seniors' residences, rental housing, and commercial real estate across Canada and the United States. Batipart holds 40% and co-invests in multi-family residential and commercial projects alongside Cogir. Cogir supports partners including Welltower, Blackstone, and PSP.
• Parc Omega Wildlife park located in Quebec, owned and operated by Batipart since 2019. Features large preserved natural areas over 1,000 hectares where animals live in semi-liberty. Six international awards received (2025). Visitor admission is the primary revenue source.
• Parc Safari Wildlife park located in Saint-Bernard-de-Lacolle, Quebec, Canada, acquired by Batipart in 2025. Generates revenue through visitor admissions, hospitality, and related tourism services as part of the Quebec wildlife park portfolio alongside Parc Omega.
• ONOMO Collection (Le Square Casablanca) Premium boutique hotel brand under the ONOMO Group. First property, Le Square, is located in the Gauthier district of Casablanca, Morocco, offering a lifestyle experience near Ligue Arabe and the historic center.

Quantifiable outcome

• Over €2 billion in assets sold by Batipart Europe since 2020, demonstrating active portfolio rotation and value creation
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered supporting and core.

• D-EDGE Hospitality SolutionssupportingTechnology or Integration · 13 January 2026ONOMO partnered with D-EDGE, a global leader in customer relationship management (CRM) and digital distribution, to modernize and digitize its guest journey across all properties. This strategic partnership marks a milestone in ONOMO's transformation toward international standards while strengthening brand identity and customer loyalty.
• Carb0nsupportingStrategic or Co-development Partner · 8 October 2025Carb0n, a leading player in the energy transition of commercial real estate, finalized a €5 million fundraising round with Batipart Europe accompanied by a strategic partnership. The investment aims to accelerate Carb0n's development in France and Europe, aligned with Batipart's sustainable financing framework.
• CeetrussupportingStrategic or Co-development Partner · 18 September 2024Batipart acquired 60% of the Promenade de Flandre Retail Park (near the Belgian border, northern France) from Ceetrus, which retains 40%. The retail park has a leasable area of approximately 56,000 m² with 50 commercial units. Nhood manages the asset. Traffic exceeds 2.1 million vehicles per year.
• NhoodsupportingImplementation/ SI/ Consulting Partner · 18 September 2024Nhood serves as the manager of the Promenade de Flandre Retail Park, in which Batipart holds a 60% stake alongside Ceetrus (40%). Nhood's management role is central to the retail park's commercial performance.
• Aleph HospitalitycoreStrategic or Co-development Partner · 1 June 2024In June 2024, ONOMO (majority-owned by Batipart) completed the acquisition of a majority stake in Aleph Hospitality. Subsequently in June 2025, African Hotel Development (owner of ONOMO) appointed Aleph Hospitality to manage 26 ONOMO-branded hotels across 14 African countries. This partnership aims to double ONOMO's scale within five years, with Aleph targeting 50 hotels by end of 2025.
• Adeo (Leroy Merlin, Bricoman)coreStrategic or Co-development Partner · 21 September 2020Adeo, the leading international home improvement and DIY retailer (Leroy Merlin, Bricoman, Weldom, Aki brands with €23+ billion turnover), partnered with Batipart in a sale and leaseback transaction for 42 assets across 4 countries for more than €500 million in 2020. Adeo retained 20% of the newly created structure. The portfolio was expanded with 10 additional assets in 2022. Batipart is now rotating the portfolio through multiple divestments (to Arkea REIM and Realty Income).
• Cogir ImmobiliercoreStrategic or Co-development Partner · 1 January 2015Cogir Immobilier, founded in 1995 and managed by Mathieu Duguay since 2004, is a Quebec company based in Montreal. Batipart has supported the company's growth since 2015 by acquiring a 40% stake. Cogir has developed a presence outside Quebec into Canada and the US and supports major customers and partners including Welltower, Blackstone, and PSP. Cogir is now the second-largest real estate asset manager in North America.
• ONOMO HotelscoreStrategic or Co-development PartnerONOMO is the leading pan-African lifestyle hotel group, owner, developer, and operator of 23 hotels across 13 African countries. Batipart holds close to 80% of ONOMO's capital and created the platform in 2009. ONOMO targets doubling its scale within five years. In 2024, ONOMO acquired a majority stake in Aleph Hospitality, expanding its management footprint.

Scale indicators13 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Covivio: Listed European real estate company focused on offices, hotels, and residential across France, Germany, Italy, and the UK. Closely comparable to Batipart Europe given their shared history (Batipart sold its stake in what was then Foncière des Régions/Covivio in 2010) and overlapping office and hotel investment activity in France.
• Gecina: Major French office and residential real estate investor/operator with deep Paris exposure and a development pipeline. Directly comparable to Batipart Europe's Parisian office strategy (Momentum, Magnetik, 62 rue Beaubourg, Pullman Tour Eiffel) and its history of merger involvement (Batibail-Gecina 1999 merger).
• Klépierre: Europe's largest pure-play retail real estate REIT, focused on shopping centers across continental Europe. Comparable to Batipart Europe's retail rotation strategy across the Leroy Merlin / Bricoman (Alma) and Promenade de Flandre portfolios.
• AccorInvest: Hotel owner-operator that owns and manages Accor-branded properties in Europe. Directly comparable to Batipart's hotel investment activity, notably the €330M acquisition of the Pullman Paris Tour Eiffel, which is operated under Accor's Pullman brand.
• Sofidy: French SCPI asset manager and Batipart Europe's most recent co-investment partner (joint acquisition of Magnetik on behalf of Sofidynamic, Immorente, Meilleurimmo). Comparable business model of managing SCPI vehicles and investing on behalf of institutional partners in French real estate.
• Louvre Hotels Group: Hotel owner-operator with a multi-brand European portfolio. Comparable to Batipart's hotel operations, particularly its investment in Luxembourg hotel properties (six hotels acquired in 2019, the largest concentration of 4/5-star rooms in the country).
• Cogir Immobilier: Quebec-based real estate asset manager in which Batipart holds a 40% stake; second-largest real estate asset manager in North America. Comparable on tenant mix (seniors residences, multifamily, commercial) and on cross-border investment activity in Canada and the US.

Broad incumbents

• Primonial REIM: One of the largest European real estate investment managers (SCPI, OPCI, club deals). Comparable as a peer to Batipart Europe in managing assets on behalf of French institutional vehicles and co-investment clubs.
• Unibail-Rodamco-Westfield: Global commercial real estate group with retail-led flagship assets across Europe and the US. Broadly comparable as a large-scale retail/commercial real estate operator and active investor in the same European submarkets where Batipart Europe transacts.

Emerging players

• Catella Real Estate: European real estate investment manager with pan-European funds and direct investment activity. Comparable to Batipart Europe's institutional co-investment model and to ONOMO's pan-African asset diversification, with a similar mid-scale, multi-country footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/batipart-immobilier-europe

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Batipart