What Compagnie de Phalsbourg does

Compagnie de Phalsbourg is a private French commercial real estate company founded in 1989 by Philippe Journo, who remains sole shareholder and leader. Operating as an integrated developer-investor-builder-asset manager, the company develops, owns, and operates a diversified portfolio across retail centers (L'Atoll in Angers, Waves Actisud in Metz, The Village outlet near Lyon, Oasiz Madrid in Spain), mixed-use urban projects (Iconic Nice, Mille Arbres, Tour Occitanie, Aurore, Balcon sur Paris), hotels (Hôtel SAX Paris LXR, Hôtel La Bruyère-Soho House Paris, DoubleTree Nice Iconic), cultural venues (Le Philanthro-Lab, La Fabrique des Cultures, Salle Rameau), and residential developments (Nuages, Issy-les-Moulineaux).

The company's core technological and design differentiators are rooted in biomimetic and sustainable architecture, including the proprietary Ecotone biomimicry project family, BREEAM and HQE certifications across the portfolio (with L'Atoll being the second French shopping center to achieve HQE Exploitation 'very good'), and the world's first phygital outlet concept at The Village powered by a Wishibam marketplace integration combining physical shopping with year-round e-commerce. Architectural partnerships with globally renowned firms (Daniel Libeskind, Sou Fujimoto, Kengo Kuma, Gianni Ranaulo, Dominique Perrault, X-TU, Steven Holl) and signature design features (mirror-finish stainless steel rooftop at Waves Actisud, 20,000 Remex solar panels on Iconic Nice) anchor a brand built on landmark real estate. As of December 2024 the portfolio was valued at €3 billion with 612,513 m² of exploitable commercial space in France and a 98% occupancy rate.

Revenue is generated through multiple streams: long-term rental income on owned commercial and hospitality properties (€106.6 million reported for fiscal year ending December 2024), property sales (residential and commercial), hotel operations, and asset management fees collected via the wholly-owned IQC Asset Management subsidiary. Customers span three primary segments: local governments and public collectivities (won through public tenders including five Réinventer Paris and six Inventons la Métropole du Grand Paris competitions), retail brands and enseignes (anchor retailers like Leroy-Merlin, Castorama, Boulanger, Maisons du Monde, Decathlon, C&A occupying retail centers), and end consumers. Distribution relies on direct B2B enterprise field sales and long-cycle project development rather than digital channels, reflecting the capital-intensive and relationship-driven nature of large-scale urban real estate development.

Name

Compagnie de Phalsbourg

Legal name

Compagnie de Phalsbourg

Website

https://compagniedephalsbourg.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Compagnie de Phalsbourg is a French private commercial real estate developer founded in 1989, developing, owning, and managing retail centers, mixed-use urban projects, luxury hotels, and cultural venues across France and internationally under Philippe Journo's sole ownership.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Commercial real estate development
• Mixed-use property development
• Retail center management
• Hospitality property investment
• Urban redevelopment projects

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Development and Management: Development and long-term management of retail, commercial, mixed-use, and residential properties. Revenue from rental income on owned properties.
2. Property Sales: Development and sale of residential and commercial properties including housing units and office spaces
3. Hotel Ownership and Operations: Ownership and operation of luxury hotels including Hôtel SAX Paris LXR Hotels & Resorts (5-star) and partnership with Hilton brands
4. Rental Income: Long-term rental revenue from commercial spaces across portfolio. As of December 2024: 106.6 M€ rental income, 98% occupancy rate on French sites
5. Asset Management Fees: Asset management services through IQC Asset Management subsidiary (100% owned)

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Compagnie de Phalsbourg is a French commercial real estate developer, investor, builder, and asset manager that develops, owns, and manages a diversified portfolio of retail centers, outlet villages, luxury and boutique hotels, residential projects, and mixed-use urban developments. The company operates as developer-investor on long-term holds, winning public tenders for urban development projects and managing properties through its wholly-owned subsidiary IQC Asset Management.

Product overview

Compagnie de Phalsbourg is a diversified French real estate developer operating since 1989 under four core business lines: developer-promoter, builder, investor, and asset manager. The company's portfolio spans commercial real estate (retail centers, outlet villages, retail parks), hospitality (luxury and boutique hotels), residential developments, and mixed-use urban projects. Key commercial properties include flagship retail centers L'Atoll (Angers) and Waves Actisud (Metz), premium outlet The Village near Lyon (first 'phygital' outlet powered by Wishibam), and Oasiz Madrid (Spain's largest open-air center). Hospitality assets include Hôtel SAX Paris LXR Hotels & Resorts (5-star, first European LXR property, Michelin Key recipient) and Hôtel La Bruyère (Soho House Paris). Mixed-use projects include Iconic Nice (Daniel Libeskind, Pierres d'Or 2024 winner), Tour Occitanie (Toulouse), Mille Arbres (Paris ring road project), and the eco-district projects Ecotone (Arcueil and Antibes). The company also operates philanthropy center Philanthro-Lab (world's first) and cultural venues. As of December 2024: €3 billion portfolio value, 612,513 m² in operation, 98% occupancy rate, €106.6M rental income.

Differentiator

Problem solved

Functional benefit

Brands

• IQC Asset Management: Wholly-owned subsidiary handling asset management, animation, maintenance and security of the company's real estate portfolio.

Products and services

• L'Atoll Flagship retail destination in Angers-Beaucouzé featuring futuristic elliptical architecture. Home to 60 major retailers including Castorama, Boulanger, But, and Maisons du Monde. Receives 7.5 million visitors annually and holds HQE Exploitation 'very good' certification.
• Waves Actisud First 'Open Sky' shopping center in Metz with distinctive mirror-finish stainless steel rooftop visible from the A31 highway. Features a lake, free electric shuttles, VIP lounge, and multi-channel loyalty program. Hosts 5 million annual visitors.
• The Village Premium open-air outlet village near Lyon featuring 140+ luxury and premium brands across 30,000 m². The world's first 'phygital' outlet combining physical retail with a Wishibam-powered e-commerce marketplace. Architecture by Gianni Ranaulo with 78 unique wood structures and 750 trees.
• Mon Beau Buchelay Restructured retail park in Western Paris along the A13 highway near Mantes-la-Jolie. Offers diversified mix of retail, home goods, culture, and leisure across 1,270 parking spaces. Part of the Seine Aval National Interest Operation territorial development project.
• Ma Petite Madelaine Award-winning retail center near Tours featuring 32 stores and restaurants in predominantly wood construction. BREEAM Very Good certified with 75% of land area as landscaped spaces and 650 trees planted. Generated 230 regional jobs from €64M investment.
• Mon Grand Plaisir Ultra-modern shopping center in Plaisir, Western Paris's premier commercial zone. Features 40 boutiques and mid-size stores, a multiplex cinema, and 6 restaurants. Anchored by Primark. Architecture by Gianni Ranaulo integrating nature and modernity.
• Oasiz Madrid Largest open-air shopping center in Spain spanning 90,000+ m² in Torrejon de Ardoz near Madrid. Features two 10,000 m² lakes, beach club, 100,000 trees and plants, 60 retailers, and diverse leisure activities including go-karts, zip line, climbing, cinema, VR, concerts, and outdoor shows.
• Central Parc Valvert 158,000 m² retail park development in Sainte-Geneviève-des-Bois featuring 65,000 m² of commercial space organized around a 4.7-hectare park with lake, woods, sports course, and educational facilities. Targets HQE® 'very performant' certification with 30% lower energy consumption than RT2012 requirements.
• Enox 26,280 m² retail park in Gennevilliers featuring Leroy-Merlin, But, Zodio, Maisons du Monde, and other home improvement retailers. Designed by Gianni Ranaulo with dynamic stainless steel facade. Includes 650 car, 72 bicycle, and 26 motorcycle parking spaces with public transit access.
• My Place Retail center in Sarcelles serving a trade area of 1+ million inhabitants. Anchored by Auchan and Boulanger with fashion retailers including H&M, New Yorker, C&A, Kiabi, and Celio. Generates 700 local jobs with 1,850 parking spaces.
• Alpha Park 61,000 m² retail complex in Les-Clayes-sous-Bois developed in two phases (2006 and 2012). Features retailers including Castorama, Cultura, Boulanger, Alinéa, Maison du Monde, and Naturéo. Home to the world's largest living wall created by Patrick Blanc. First periphery commercial complex to receive Valorpark label from CNCC.
• Village de Sophia 87,500 m² circular, digital, and natural shopping destination at the entrance of Sophia Antipolis, France's largest technology park. Blends nature, digital innovation, and local identity as a sustainable fashion, food, and home retail concept.
• Hôtel SAX Paris - LXR Hotels & Resorts 5-star lifestyle hotel in Paris 7th arrondissement, Avenue de Saxe, and first European property of Hilton's LXR Hotels & Resorts collection. Features 118 rooms and suites, restaurant Le Sax, Baccarat gallery, private garden, wellness with heated pool and jacuzzi, and Kinugawa rooftop restaurant. Received first Michelin Key within 6 months of opening.
• Hôtel La Bruyère Soho House Paris boutique hotel in a 9th arrondissement mansion once home to Jean Cocteau's family. Features 36 rooms, patio, bar, restaurant, rooftop pool, gym with sauna and hammam, and cabaret-style performance space. Developed and owned by Compagnie de Phalsbourg in partnership with Perrot & Richard architects.
• Iconic Nice 18,300 m² multidisciplinary building by Daniel Libeskind in Nice housing 8 activities: theater, two educational institutions (Aurlom Education and IDRAC), Hilton 4* hotel, offices, gym, retail, and dining. Received Pierres d'Or 2024 'Innovation Building of the Year.' 20,000 Remex solar panels on facade. 4 million visitors in first 12 months.
• Tour Occitanie 30,000 m² mixed-use tower in Toulouse inspired by Canal du Midi, designed by Daniel Libeskind and Kardham Cardete Huet Architecture. 38 floors offering 11,000 m² offices, 100+ luxury residences, panoramic restaurant and bar, 4-star hotel, 2,000 m² retail, and 1,500 m² SNCF spaces.
• Mille Arbres Iconic 'Réinventer Paris' project spanning the Paris ring road (Périphérique) with 1,000 trees creating a new green skyline. Designed by Sou Fujimoto and Manal Rachdi OXO. Features 127 mixed-tenure housing units, 27,589 m² reversible offices, 250-room 4-star hotel, food court by Philippe Starck, children's facilities, urban depollution laboratory, biodiversity park, and modern bus station.

Quantifiable outcome

• 98% occupancy rate across French portfolio
• +3 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

13 partnerships are on record, tiered core, flagship and minor.

• Hilton (LXR Hotels & Resorts)coreStrategic or Co-development Partner · 1 July 2024Hilton's LXR Hotels & Resorts brand operates Hôtel SAX Paris, the first European implantation of the collection. Also DoubleTree by Hilton Nice Centre Iconic. Partnership brings luxury hotel operations to Compagnie de Phalsbourg's iconic properties.
• WishibamcoreTechnology or IntegrationWishibam developed The Village's phygital marketplace - the first outlet phygital concept globally. Platform enables brands to sell online year-round 24/7, combining physical and digital retail experiences.
• Cirque du SoleilflagshipStrategic or Co-development PartnerDesigned water and light shows for The Village's fountains at nightfall, creating unique entertainment experiences.
• Gianni RanaulocoreStrategic or Co-development PartnerItalian architect and designer created iconic designs for Waves Actisud, The Village, Mon Grand Plaisir, Oasiz Madrid, Enox, and Mon Beau Buchelay. Signature architectural style characterizes company's flagship projects.
• Daniel LibeskindflagshipStrategic or Co-development PartnerWorld-renowned architect designed Iconic Nice and Mille Arbres projects. Known for spectacular architecture that creates landmark buildings.
• Sou Fujimoto ArchitectsflagshipStrategic or Co-development PartnerJapanese architecture firm partnered on Mille Arbres project, bringing innovative approach to integrating nature and architecture over the Paris périphérique.
• Kengo Kuma & AssociatesflagshipStrategic or Co-development PartnerJapanese architecture firm designed Aurore project and Balcon sur Paris development. Specialized in wood construction and nature-integrated architecture.
• Xavier NielflagshipStrategic or Co-development PartnerPartnership with Xavier Niel for Ecotone Antibes project at Sophia Antipolis technopole, in association with Ateliers Jean Nouvel and other architects.
• ANRU (Agence Nationale pour la Rénovation Urbaine)coreStrategic or Co-development PartnerPartnership with French national urban renewal agency for Talent Makers Lab project, symbolizing neighborhood renewal at Gennevilliers Luth quarter.
• Steven Holl Architects and Franklin Azzi ArchitectesflagshipStrategic or Co-development PartnerWon the Imagine Angers competition with these architects for Musée des Collectionneurs project on Front de Maine site.
• OGICflagshipStrategic or Co-development PartnerDevelopment partner for Mille Arbres project, co-investing in this landmark Paris development.
• Topager Agriculture Urbaine, WoMa, Bagel LabminorStrategic or Co-development PartnerMakers community partners for Talent Makers Lab including urban agriculture, maker spaces, and food concepts.
• X-TU ArchitectsflagshipStrategic or Co-development PartnerArchitects who designed Nuages project in Paris 13th arrondissement. Also known for Cité du Vin Bordeaux and France Pavilion at Milan World Expo.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Icade: French-listed real estate company with commercial property (offices, healthcare) and residential development segments. Comparable in French commercial real estate and diversified asset base, though more office-focused than retail-focused.
• Nexity: France's largest integrated real estate developer across residential, commercial, and services. Comparable in French developer profile and mixed real estate activity, though Nexity's primary focus is residential rather than commercial/retail.
• Unibail-Rodamco-Westfield: Largest European-listed retail real estate group operating flagship shopping centers. Overlaps in commercial real estate and retail destinations but operates at much greater scale, focused on premium urban malls rather than peripheral retail parks.
• Hammerson: UK-listed retail real estate company operating premium shopping centers and retail parks in the UK, Ireland, France, and Spain. Comparable in retail property ownership and European footprint, focused on destination retail rather than peripheral parks.
• Wereldhave: Dutch-listed retail real estate investor focused on full-service shopping centers in the Netherlands, Belgium, France, and Spain. Comparable in European retail property and particularly French retail exposure, though smaller and listed.

Direct peers

• Carmila: French retail REIT focused on shopping centers anchored by Carrefour hypermarkets. Comparable in retail real estate ownership and French retail property, with similar tenant mix and suburban/peripheral positioning.
• Klépierre: Major French-listed retail REIT owning shopping centers across continental Europe. Comparable in commercial real estate focus and French/European footprint, though Klépierre is larger, listed, and focused on existing shopping centers rather than new development.
• Altarea: French mixed-use real estate developer combining retail, residential, and office. Directly comparable to Compagnie de Phalsbourg's diversified developer/operator model across asset classes and the French market.
• Frey: French retail real estate developer specializing in retail parks and open-air shopping centers, with a similar focus on suburban/peripheral retail destinations and sustainability-driven development. Highly comparable in asset class, geography, and customer base.
• Immochan: Auchan Group's real estate arm developing and operating retail parks in France and Europe. Direct comparable in retail park development, mixed-use projects, and French suburban commercial real estate strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/thevillage_outlet
• Xx.com/ciedephalsbourg

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

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 Compagnie de Phalsbourg