What Sogelym Dixence does

Sogelym Dixence is a French family-owned commercial real estate group founded in 1974 by Jean-Claude Condamin and headquartered in Lyon. The group operates an integrated real estate value chain spanning investment and financing, project development, asset management, and property management through wholly-owned subsidiaries including Sogelym Dixence Développement, Sogelym Dixence Investment Management, Sogelym Dixence Property Management, Sogelym Dixence Suisse, Sogelym Dixence Ingénierie, Sogelym Dixence Conseil, and the Geneva-based Tech Building (energy infrastructure). Since 1996, the Condamin family has partnered with Banque Cantonale de Genève via investment vehicles (Compagnie Foncière Franco-Suisse, Compagnie Foncière du Saint-Gothard, Compagnie Financière du Grimsel, Compagnie Foncière Whymper) to deploy over €2.5 billion across more than 600,000 m² of commercial real estate in Paris and Lyon. In 2025, the group admitted Caisse d'Epargne Rhône Alpes and two Family Offices as shareholders holding 25% of the capital to accelerate growth in France and internationally, while the Condamin family retained majority control.

The group's revenue is generated across four streams: (1) real estate development fees and margins on the sale or letting of commercial, residential, and mixed-use projects (VEFA off-plan sales); (2) recurring management and performance fees from Sogelym Dixence Investment Management for institutional investor portfolios; (3) recurring management fees from Sogelym Dixence Property Management (building, portfolio, and co-ownership trustee services); and (4) construction and operating service contracts from Tech Building in Switzerland. Pricing is bespoke and negotiated on a project-by-project basis. Go-to-market is exclusively enterprise field sales, targeting large corporations, institutional investors, government agencies, and international organizations. Notable clients and tenants include the French Prime Minister's office (Ilot Fontenoy Ségur, 53,000 m²), CNIL, ESA (Paris HQ 12,000 m²), WHO Academy (Lyon Gerland, 29,000 m²), HEC Paris (40,000+ m² campus), Sciences Po, bioMérieux, SNCF, ENGIE, Orange, EY, M6, and SEB. The group's competitive positioning rests on its integrated model, multi-decade institutional relationships, deep sustainability certification credentials (HQE, BREEAM, BBCA, WELL), and consistent industry recognition (multiple Pierres d'Or, CIEL Trophy, BIM d'Argent). In 2025, governance transitioned to a Management Board/Supervisory Board structure with Christophe Condamin as Chairman of the Management Board and Jean-Claude Condamin as Chairman of the Supervisory Board.

Name

Sogelym Dixence

Legal name

SOGELYM DIXENCE HOLDING

Website

https://sogelym-dixence.fr

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

101–250 employees

Short description

Sogelym Dixence is a French family-owned commercial real estate group founded in 1974 that operates an integrated value chain of investment, development, asset management, and property management. It serves enterprise and institutional clients — including government agencies, international organizations, and major corporations — across France and Switzerland, with over €2.5 billion deployed across 600,000+ m² of commercial real estate.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development & Investment

NAICS

Management of Companies and Enterprises (55), Other Financial Vehicles (52599), Engineering Services (541330)

SIC

Real Estate Agents & Managers (For Others) (6531), Investment Advice (6282), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Asset & Lifecycle Management (CapEx Planning, Reliability) (BPABAAAI)

akta.pro secondary industry

Construction & Engineering (EPC) (FSABACAG)

Keywords

• Commercial real estate development
• Real estate investment management
• Property management services
• Property asset management
• Building energy infrastructure

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Real Estate Development (Promotion Immobilière): Sogelym Dixence acts as developer and contractor for commercial and residential real estate projects, earning development fees and margins on property sales (VEFA) or lettings. Projects range from office campuses to hotels and housing, with revenue recognized upon delivery or pre-sale.
2. Investment Management: Through Sogelym Dixence Investment Management, the group manages real estate investment portfolios on behalf of institutional investors, earning management fees and performance fees.
3. Property Management: Sogelym Dixence Property Management provides building management, portfolio management, and co-ownership trustee services, generating recurring management fees.
4. Tech Building (Energy Infrastructure): Tech Building, based in Geneva, constructs building energy infrastructures and provides associated operating services, generating revenue from construction contracts and ongoing service contracts.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Sogelym Dixence is a French real estate development and investment group that develops, invests in, and manages commercial, residential, and mixed-use real estate projects across France and Switzerland. The company operates three integrated business divisions: Investment & Financing (through affiliated foncières and investment vehicles), Project Management (development, promotion contracts, contracting, and advisory), and Asset Management & Operations (investment management, property management, and energy infrastructure through Tech Building). It serves large corporations, institutional investors, government agencies, and international organizations.

Product overview

Sogelym Dixence is a French real estate development company operating through three integrated business divisions: Investment & Financing (managing financial vehicles and capital deployment through entities including the Compagnie Foncière Franco-Suisse, Compagnie Foncière du Saint-Gothard, and others), Project Management (offering development, promotion, contracting, and advisory services), and Asset Management & Operations (through Sogelym Dixence Investment Management, Sogelym Dixence Property Management, and Tech Building subsidiary). The company develops commercial, residential, and mixed-use projects across France and Switzerland, with a portfolio spanning office buildings, headquarters, rehabilitations, high-rise developments, green parks, hotels, and residences. Since 1996, the group has financed over 600,000 m² of commercial real estate and invested more than 2.5 billion euros.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment & Financing Investment and financing services for commercial real estate through dedicated foncière vehicles in partnership with Banque Cantonale de Genève. Targets institutional investors, corporations, and family offices seeking French and Swiss commercial real estate exposure.
• Project Management End-to-end real estate project management services offering five collaboration modes: full development, promotion contract, primary contractor, delegated ownership, and assistance. Targets large corporations, government agencies, and institutional clients requiring turnkey bespoke developments.
• Asset Management & Operations Integrated asset management and operations services spanning investment strategy, property/portfolio management, co-ownership trusteeship, and building energy infrastructure. Targets institutional investors, building owners, and corporations seeking ongoing operational services post-delivery.
• Sogelym Dixence Property Management Subsidiary offering building management, portfolio management, and co-ownership trusteeship services. Specializes in tertiary and commercial real estate with offices in Lyon, Paris, and Strasbourg.
• Sogelym Dixence Investment Management Subsidiary providing investment management services to institutional investors, integrating opportunity research, financing, execution, and asset management to support client investment strategies in French commercial real estate.
• Tech Building Geneva-based subsidiary recognized as a major player in energy-efficient building solutions, providing building energy infrastructure construction and operating services.
• Gen'Home 17,800 m² tertiary office building in Lyon Gerland district featuring 2,400 m² floor plates, terraces, and a rooftop, targeting HQE and BREEAM Excellent certifications, BioSourcé, Well Ready, and WiredScore labels.
• Les Lumières Pleyel 40,000 m² mixed residential, commercial, and office development in Saint-Denis near Pleyel station, including 480+ homes (free-access, social housing, BRS, intermediate rental), shops, and 3,000 m² of offices. Partners include Crédit Agricole Immobilier, Européquipements, and Aire Nouvelle.
• Campus HEC Paris Major rehabilitation of HEC Paris campus spanning over 40,000 m² — the most significant renovation in the campus history. Awarded following two years of dialogue compétitif, with Sogelym Dixence as lead partner and Linkcity as co-promoteur.
• Lafayette 15,000 m² office restructuring in Lyon Part-Dieu district of a 1990s building (formerly AXA), commissioned by BNP Paribas Asset Management for sole tenant EGIS. Targets HQE Excellent, BREEAM Rénovation Outstanding, BBCA Rénovation Performant, Osmoz, and WiredScore certifications. Delivery scheduled 2026.
• Planet 34,700 m² organic office building in Clichy-Paris 17 with 4,000 m² outdoor space across 14 levels, including panoramic floors, user services (gourmet hall, business center, restaurant, fitness), and a 700 m² rooftop. Designed by Valode & Pistre.
• Signature Residential development in Levallois-Perret with 74 apartments (studios to 5-room units), 46 social rental units, and a ground-floor shop, featuring stone facades, aluminum-wood joinery, landscaped garden, and rooftop terraces with Eiffel Tower views. Targets NF Habitat HQE and biodiverCity certifications.
• Parc Mail - Luna 18,788 m² light industrial and office building in Roissy-en-France near CDG airport. Two buildings sold to Barings targeting BREEAM Excellent certification. Located on a 14-hectare landscaped site with 65,000 m² campus park.
• Clairière 2,747 m² office space in Paris 12th arrondissement near Gare de Lyon and Bercy, featuring bioclimatic architecture, terraces, rooftop, and collaborative spaces. Targets BBCA Rénovation label and BREEAM IRFO Excellent certification. Delivery scheduled March 2027.
• INCITY Tower 200m high, 39-floor tower with 40,000 m² of office space in Lyon Part-Dieu, delivered 2015. France's first Low Energy Building and BREEAM Excellent tower, featuring 90% natural lighting and flexible modular workspaces. Users: CERA and SNCF.
• OXYGEN Tower 117m, 28-floor tower with 29,000 m² of offices and 15,000 m² of commercial space (The Oxygen Court shopping center) in Lyon Part-Dieu. First new-generation high-rise in Lyon with 80% natural lighting, BREEAM Very Good. Users: SNCF, EY, World Trade Center.
• Urban Garden 28,000 m² tertiary campus of 5 buildings in Lyon Gerland, featuring 2,000+ m² green spaces, terraces, and Urban Village with 2,000 m² of services. Certifications: BREEAM New Construction Excellent, BiodiverCity, Osmoz, R2S. Users: ENGIE (22,000 m²), Viatris (6,000 m²).
• SEB World Headquarters 28,000+ m² flagship campus in Ecully for Groupe SEB, including World Headquarters (delivered 2016) and Global Innovation Center (delivered 2021), with Fab Lab, Digital Room, auditorium, and 1,500 m² restaurant.

Quantifiable outcome

• Over 600,000 m² of commercial real estate financed in Paris and Lyon; more than €2.5 billion invested
• +3 more outcomes

Named customers42 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• LinkcitycoreStrategic or Co-development PartnerLinkcity is co-promoteur with Sogelym Dixence for the major Campus HEC Paris restructuring project (40,000+ m²). After 2 years of dialogue compétitif, the joint venture was designated by HEC Paris as the winning consortium.
• Crédit Agricole ImmobiliercoreStrategic or Co-development PartnerCrédit Agricole Immobilier is a co-operator in the Les Lumières Pleyel project (480+ homes, ~40,000 m²) led by Sogelym Dixence as mandataire. Crédit Agricole Immobilier handles apartment marketing for the project.
• EuropéquipementscoreStrategic or Co-development PartnerEuropéquipements is a co-operator in the Les Lumières Pleyel project and has been a long-standing implementation partner for several Sogelym Dixence projects (Le Lugdunum, Moods).
• Aire NouvelleminorStrategic or Co-development PartnerAire Nouvelle is a co-operator in the Les Lumières Pleyel project and co-developer of Urban Garden campus (28,000 m²) in Lyon Gerland with Sogelym Dixence.
• Bouygues Bâtiment Ile de FrancecoreImplementation/ SI/ Consulting PartnerBouygues Bâtiment Ile de France signed the works contract for the second phase of Les Lumières Pleyel project (292 homes across 5 buildings, 115 under BRS).
• Bouygues ImmobilierminorChannel Partner/ Reseller/ DistributorBouygues Immobilier is co-promoteur with Sogelym Dixence on the Signature project (74 apartments + 46 social housing units) in Levallois-Perret.
• OSAE PartnersminorStrategic or Co-development PartnerOSAE Partners is the association partner for the Planet project (34,700 m²) in Clichy-Paris 17, a major organic office development by Valode & Pistre.

Scale indicators14 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Icade: Icade is a French listed real estate developer and investor focused on offices, healthcare, and residential property across France, operating a similar integrated development-investment model. It is directly comparable to Sogelym Dixence in commercial real estate focus, French geographic footprint, and blue-chip tenant strategy, though at materially larger scale.
• Gecina: Gecina is a leading French listed REIT focused on prime central Paris and Western Paris office and residential assets. Comparable to Sogelym Dixence in serving institutional tenants and large institutional investors in the French commercial real estate market, though Gecina focuses on ownership/investment rather than greenfield development.
• Vinci Immobilier: Vinci Immobilier is the real estate development subsidiary of VINCI Group, active across residential, office, and mixed-use projects in France. Directly comparable to Sogelym Dixence as a major French integrated developer with sustainability focus and enterprise-grade project capabilities (VINCI Construction France is a Sogelym Dixence occupant).
• Eiffage Immobilier: Eiffage Immobilier is the real estate development arm of Eiffage Group, focused on residential, office, and mixed-use projects across France. Comparable to Sogelym Dixence as a French integrated developer with strong ESG credentials and project delivery capabilities.
• Covivio: Covivio is a listed European real estate operator with significant French office and residential exposure. Jérôme Durand, Sogelym Dixence's Deputy CEO, previously served as Real Estate Development Director at Covivio, and the two operate similar office development and investment strategies in France.
• Kaufman & Broad: Kaufman & Broad is a major French listed residential and commercial real estate developer. Jérôme Durand worked at Kaufman & Broad before joining Sogelym Dixence, and the two operate directly comparable French development platforms serving enterprise and residential customers.
• Bouygues Immobilier: Bouygues Immobilier is a major French real estate developer with residential and commercial projects nationwide, and is an active partner of Sogelym Dixence on Signature (Levallois-Perret). Both compete and partner in French commercial and residential development with similar customer profiles.
• Nexity: Nexity is France's largest residential and commercial real estate developer, with a broad integrated platform spanning housing, offices, and serviced real estate. Directly comparable to Sogelym Dixence in mixed-use French development, including residential projects like Les Lumières Pleyel and Signature.
• Altarea (Altarea SCA): Altarea is a French listed real estate developer and investor with diversified operations across retail, office, residential, and mixed-use projects. Comparable to Sogelym Dixence in mixed-use French development, ESG-certified sustainable buildings, and serving institutional/enterprise tenants.

Broad incumbents

• Unibail-Rodamco-Westfield: Unibail-Rodamco-Westfield is a global listed commercial real estate operator focused on flagship retail and office assets across Europe and the US. Comparable to Sogelym Dixence as a major French real estate player with institutional tenants, but at vastly larger scale and global footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SogelymD
• YouTubeyoutube.com/channel/UCptnFyK_V8P3cLix9deiuAQ
• LinkedInlinkedin.com/company/5893226

Compliance63 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Sogelym Dixence