What Groupe CIR does

Groupe CIR, legally COMPAGNIE IMMOBILIERE DE RESTAURATION CIR, is a French Société par actions simplifiée (SAS) founded in 1987 and registered at 137 rue Achard, 33300 Bordeaux, with €500,000 of share capital. The company specializes in the acquisition and renovation of historic urban buildings in French city centers, then resells the resulting apartments to investors packaged under government-sanctioned tax-incentive schemes: Malraux, Monument Historique, Déficit Foncier, Denormandie Patrimonial, and Nue Propriété. Operations are delivered through an in-house value chain spanning property sourcing, legal and fiscal structuring, project management, and post-sale rental management (gestion locative) covering 1,200+ lots. The work is carried out by a 1,230-strong network of heritage craft artisans across 111 simultaneously active construction sites in France.

The technology stack is operational rather than digital: project management, fiscal engineering, and quality assurance for heritage renovation are proprietary processes rather than software platforms, and no APIs, AI capabilities, patents, or proprietary digital products are disclosed. Revenue is generated through one-time property sales, with pricing varying by location, size, and fiscal regime; example apartment prices disclosed publicly range from approximately €120,500 (Metz Belvédère de Jaumont, T1) to €264,500 (Lille-Tourcoing), with quote-part travaux (works share) typically 64%–89% of total price. Recurring revenue comes from the rental management service on the managed portfolio.

Go-to-market is sales-led through a dedicated network of French financial advisors, wealth managers, and patrimonial investment counselors, who access opportunities and full investment documentation through a secure Espace Partenaires portal (partenairesv3.cirinvestissement.com). The primary customer segments are high-net-worth and upper-middle-class individual investors seeking tax-advantaged heritage real estate exposure, plus bare-ownership (nue-propriété) buyers using the structure for estate planning. The company operates exclusively in France with no foreign market presence disclosed.

Name

Groupe CIR

Legal name

COMPAGNIE IMMOBILIERE DE RESTAURATION CIR

Website

https://groupecir.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Groupe CIR is a French heritage real estate renovation firm (founded 1987, Bordeaux) that acquires and renovates historic urban buildings across France and resells the resulting apartments to high-net-worth individual investors under five French tax-advantaged schemes (Malraux, Monument Historique, Déficit Foncier, Denormandie, Nue Propriété), using a 1,230-artisan network across 111 active construction sites and a partner-advisor distribution model.

Ownership category

akta.pro rank

Product category

Heritage Real Estate Investment

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate (6500), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Heritage property renovation
• Fiscal real estate investment
• Malraux tax scheme
• Monument Historique renovation
• Rental property management

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Real Estate Development and Sale: Groupe CIR develops historic and heritage properties in city centers and resells renovated apartments to investors under various French tax incentive programs (Malraux, Monument Historique, Déficit Foncier, Denormandie, Nue Propriété). Revenue is generated through property sales at market prices, with the investor receiving tax advantages and rental income.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Groupe CIR acquires, renovates, and resells heritage residential properties in French city centers to individual and institutional investors under five French tax-advantaged investment regimes (Malraux, Monument Historique, Déficit Foncier, Denormandie Patrimonial, and Nue Propriété). The company delivers the full value chain in-house, including legal and fiscal advisory, heritage renovation project management executed by a network of 1,230 specialized artisans, and ongoing rental management of the units sold.

Product overview

Groupe CIR is a real estate renovation company specializing in the restoration of historic buildings in French city centers. The company operates as a unified offering combining property renovation expertise with fiscal investment programs. Its portfolio includes five distinct fiscal incentive programs (Loi MALRAUX, Monument Historique, Déficit Foncier, Denormandie Patrimonial, and Nue Propriété) that provide tax advantages for investors, alongside premium property collections such as Gamme Prestige. The company manages the complete renovation process from acquisition through property management, working with 1,230 specialized craftsmen to deliver high-quality restorations.

Differentiator

Problem solved

Functional benefit

Brands

• CIR: Core brand for the company's heritage property renovation services and investment programs including Malraux, Monument Historique, Déficit Foncier, and Denormandie Patrimonial

Products and services

• Loi Malraux investment program Tax incentive program for the renovation of buildings located in protected sectors (secteur sauvegardé, Malraux law), allowing investors to deduct a percentage of qualifying renovation costs (22% to 30% of works costs) from their income tax. Delivered as part of Groupe CIR's renovated heritage apartment offering in French city centers to investors seeking fiscal optimization.
• Monument Historique investment program Tax incentive program for the renovation of historically classified monuments (Monument Historique), offering significant income tax deductions based on 100% of qualifying works costs. Delivered as part of Groupe CIR's renovated heritage apartment offering to investors seeking fiscal optimization through historic preservation.
• Déficit Foncier investment program Tax optimization program allowing investors to offset rental income and, where the rental obligation is waived, generate a taxable deficit (déficit foncier) from renovation costs that can be charged against overall income. Delivered through Groupe CIR's renovated heritage apartments, with no rental obligation required in some property configurations.
• Denormandie Patrimonial investment program Tax incentive program for the renovation of old buildings in designated French urban areas under the Denormandie law, combining heritage preservation with income tax reductions. Delivered through Groupe CIR's renovated heritage apartments in eligible French towns.
• Nue Propriété (bare ownership) investment Bare ownership investment product allowing investors to acquire the bare ownership (nue-propriété) of a renovated heritage property at a reduced purchase price while the usufruct is held temporarily by another party, optimized for wealth planning, tax deferral, and estate planning. Delivered through Groupe CIR's renovated heritage apartments in French city centers.
• Gamme Prestige (premium property collection) Premium property collection within Groupe CIR's heritage real estate offering, featuring high-end renovations with exceptional architectural details and prime city-center locations, typically aligned with Malraux or Monument Historique fiscal regimes. Targeted at investors seeking heritage assets in flagship French locations.
• Rental management service (Gestion locative) Full-service rental property management service covering 1,200+ lots for investors who have acquired Groupe CIR heritage apartments, including tenant sourcing, lease administration, and ongoing asset oversight. Pre-positioning of properties for rental begins approximately two months before commercialization.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• 1,230 Specialized Artisan NetworkcoreOthersGroupe CIR has built a network of 1,230 specialized artisans in heritage craft trades (métiers d'art) who work on its renovation sites across France. These artisans represent a critical operational partnership enabling the company's heritage renovation expertise, with skills in traditional building crafts required for historic building rehabilitation under Malraux and Monument Historique regimes.

Scale indicators11 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Kaufman & Broad: Major French homebuilder and real estate developer serving individual investors and homeowners. Comparable as a French residential developer with investor-focused product distribution, though primarily focused on new construction rather than heritage renovation.
• Eiffage Immobilier: Real estate development arm of Eiffage Group, active in French residential, office, and mixed-use development. Comparable as a broad French real estate developer with diversified product lines.
• Nexity: France's largest residential real estate developer with broad product offerings including new construction, renovation, and real estate services. Comparable as a French real estate operator with scale advantages, though its focus is on new builds rather than heritage renovation specifically.
• Icade: French real estate company (formerly CDC subsidiary) with portfolios in commercial, residential, healthcare, and public sector real estate. Comparable as a France-based real estate operator with institutional scale.
• Bouygues Immobilier: Real estate development arm of Bouygues Group, developing residential and commercial properties across France. Comparable as a major French residential developer with broad investor product offerings.
• Perial: French real estate asset manager operating SCPIs and real estate investment vehicles with sustainability/ESG focus. Comparable as a French operator serving HNW investors with regulated real estate investment products.
• Vinci Immobilier: Real estate development subsidiary of Vinci Group, one of France's largest residential and commercial developers. Comparable as a broad French real estate developer with national footprint, though not focused on heritage renovation.
• Primonial: French asset management and real estate investment group offering SCPI, OPCI, and real estate investment products to individual and institutional investors. Comparable as a French tax-advantaged real estate investment distributor, complementary to CIR's investor-facing role.

Direct peers

• Tagerim: Paris-based real estate developer specializing in heritage building renovation and tax-advantaged investment programs (Malraux, Monument Historique). Most directly comparable peer—competes in the same niche of urban heritage renovation for HNW investors under French fiscal regimes.
• Cardinal Edifice: French real estate developer with experience in complex urban projects including heritage-sensitive developments. Comparable as a French developer active in urban core redevelopment, though broader in scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInfr.linkedin.com/company/groupe-cir
• Instagraminstagram.com/groupe_cir_patrimoine

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Groupe CIR