Name

Groupe Cardinal

Legal name

CARDINAL PROMOTION, Société par actions simplifiée

Website

https://groupecardinal.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Lyon

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Development and Sales: Cardinal develops and sells real estate projects including residential, commercial, hospitality, and healthcare properties. Revenue is generated through property sales to investors, institutional buyers, and end-users.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Groupe Cardinal is an independent French real estate developer (promoteur immobilier) that designs, develops, and delivers complex, mixed-use, and sustainable real estate projects including residential housing, hotels, offices, healthcare facilities, and managed student residences across France, Belgium, and Luxembourg. The group also operates property investment activities through its subsidiary Foncière Cardinal and student housing brands including Cardinal Campus and Good Morning Campus.

Product overview

Groupe Cardinal operates as a real estate development company organized around distinct portfolio brands. Cardinal Promotion serves as the core development division handling mixed-use and sustainable projects across residential, hospitality, office, healthcare, and managed residences. The company maintains specialized sub-brands including Cardinal Campus for student housing, Cardinal Workside for co-working spaces, and Foncière Cardinal for property investment activities. The portfolio spans multiple property categories: programmes mixtes (mixed programs), tertiaire (commercial/office), hôtellerie (hotels), résidentiel (residential), étudiant (student housing), and hospitalier (healthcare facilities). Projects are developed with architectural partners and delivered across France, Belgium, and Luxembourg.

Differentiator

Problem solved

Functional benefit

Brands

• Cardinal Campus: Student housing brand managing student residences and coliving properties across France

Named customers10 records

Segments5 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

Five partnerships are on record, tiered core, major and flagship.

• Jean-Christophe LarosecoreStrategic or Co-development PartnerKey figure associated with Cardinal, mentioned as partner in various developments including the Azar Club concept at Pavillon 52, created with Benjamin Lavorel and Sylvain Auclair.
• Foncière CardinalcoreStrategic or Co-development PartnerReal estate investment vehicle of Cardinal group, involved in property acquisitions and developments including Loomis (Aubervilliers) and Manitowoc Europe headquarters.
• Midi2imajorStrategic or Co-development PartnerPartner in acquisition of portfolio of 21 buildings announced in news section.
• Philippe StarckflagshipStrategic or Co-development PartnerRenowned designer collaborating on hotel interior design projects including Mama Shelter hotels (Marseille, Lyon, Bordeaux) and MOB Hotels.
• Bandai Namco Entertainment EuropemajorOthersCardinal delivered the EMEA headquarters for Bandai Namco at Lyon Confluence.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Quartus: Independent French real estate developer focused on residential, managed residences (including student housing) and mixed-use projects. Comparable to Cardinal on independent ownership, multi-vertical portfolio (student, residential, mixed), and design-led positioning.
• Pichet: Independent French family-owned real estate developer headquartered in Bordeaux, active across residential, commercial and mixed-use developments. Closest peer to Cardinal in scale, ownership structure (independent, family/privately backed), and mixed-use complexity, with comparable emphasis on architectural quality.
• Edouard Denis: Independent French real estate developer with residential and mixed-use projects across France. Comparable to Cardinal as a mid-sized independent promoteur with national regional footprint.
• Ogic: Independent French real estate developer with deep expertise in complex mixed-use and urban regeneration projects. Highly comparable to Cardinal on project typology, geographic footprint in major French metros, and positioning as a designer-led independent.
• Demathieu Bard Immobilier: Real estate development arm of the Demathieu Bard construction group, active in residential, office and mixed-use projects across France. Comparable to Cardinal on mixed-use development expertise and integration with construction execution.

Broad incumbents

• Vinci Immobilier: Real estate development subsidiary of Vinci Group, focused on residential, serviced residences and mixed-use urban projects. Comparable to Cardinal on asset-class diversity and project complexity, but with significantly greater financial resources and geographic reach.
• Altarea: Listed French mixed-use real estate developer with strong urban regeneration and complex project capabilities, including the Cogedim residential brand. Comparable on mixed-use expertise, but operates as a larger publicly listed platform with broader retail and asset-management capabilities.
• Nexity: France's largest listed real estate developer with residential, commercial, student and serviced-living platforms. Operates in the same asset classes as Cardinal (residential, offices, student housing, mixed-use) but at materially larger scale and broader scope.
• Bouygues Immobilier: Real estate development subsidiary of Bouygues Group, one of France's top three developers across residential, commercial and mixed-use. Direct portfolio overlap with Cardinal but significantly larger scale, capital base, and counterparty strength.
• Eiffage Immobilier: Real estate development arm of Eiffage Group, active in residential, office, hospitality and mixed-use projects across France. Comparable to Cardinal on mixed-use complexity and direct execution capabilities, with materially larger balance sheet.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC5ar-dNMhrHRv6NSLiRNG-A
• Facebookfacebook.com/pg/groupecardinal
• LinkedInlinkedin.com/company/groupe-cardinal
• Instagraminstagram.com/groupe_cardinal

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 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 Groupe Cardinal