What Terranae does

Terranae is a French specialist asset manager for commercial retail real estate, founded in 2004 by Anne-Sophie Maisonrouge and headquartered in Courbevoie (La Défense). The firm delivers four integrated service lines — Property Management, Commercialisation, Asset Management, and Repositionnement des actifs — covering the full lifecycle of shopping centers, retail parks, pieds d'immeubles, and office buildings managed on behalf of third-party institutional owners. As of September 2024 the company employed 85 professionals, managed approximately 1.3 million m² of commercial surface across 52 centers and retail parks, and oversaw €3 billion in commercial assets under management, with ~1,600 leases administered.

The business model is fee-based B2B professional services. Revenue is generated through recurring management fees (rental management, center operations, technical management, communication) and project-based fees (commercialization mandates, repositioning engagements, transition asset management, audit and consulting missions). Pricing is quote-based and individually negotiated with no public disclosure. The go-to-market is direct enterprise sales targeting institutional property owners, insurance companies, pension funds, real estate investment companies, large private investors, and developers, supplemented by participation in MAPIC and SIEC trade fairs and a corporate website with case studies. Named clients include Swiss Life Asset Managers, Groupe Frey (five retail parks), and Commerz Real (Espace Saint Georges, Toulouse), with retail tenants across the centers including Kiabi, Mango, New Yorker, H&M, and Boulanger.

Terranae operates as a non-technology professional services platform with no disclosed AI/ML, API, or software products. The company was acquired by EVORIEL Group on September 17, 2024 via its Richardière subsidiary, becoming part of a 3,100-employee, 200+ agency platform; the founder remains President post-acquisition. Certifications referenced on the corporate site include Socotec and Covadis, and the firm is registered as a SAS in Nanterre (RCS B 478 511 124). No funding rounds, patents, or third-party investor disclosures are present in the source data.

Name

Terranae

Legal name

Terranae

Website

https://terranae.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Short description

Terranae is a French commercial real estate asset manager that delivers property management, commercialization, asset management, and repositioning services for shopping centers and retail parks on behalf of institutional investors and large private owners, managing €3 billion across 52 assets.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Asset Management

NAICS

Nonresidential Property Managers (531312), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

akta.pro secondary industry

Mixed-Use Property Management (BPAJAGAE)

Keywords

• Commercial real estate management
• Retail asset management
• Property management services
• Shopping center leasing
• Asset repositioning advisory

Headquarters

HQ city

Courbevoie

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Property Management Fees: Recurring management fees charged to property owners and institutional investors for day-to-day management of commercial real estate assets including leasing management, center direction, technical management, communication, and real estate administration.
2. Asset Management Fees: Strategic asset management fees for portfolio oversight, business plan monitoring, acquisition and disposal advisory, audit and consulting missions, and transition asset management assignments.
3. Commercialization Services: Fees for tenant positioning, merchandising plan development, business planning, prospecting, lease signing, and opening coordination services.
4. Repositioning Services: Fees for asset repositioning including ambition definition, SWOT analysis, business plan development, project tracking, and renovation oversight.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Terranae provides third-party commercial real estate asset management services in France, delivering four integrated service lines for institutional investors and property owners: Property Management, Commercialisation, Asset Management, and Asset Repositioning. The company manages shopping centers, retail parks, and commercial buildings on behalf of clients, handling day-to-day operations, leasing, technical maintenance, tenant mix optimization, business plan execution, and renovation oversight.

Product overview

Terranae offers a comprehensive suite of commercial real estate asset management services. The core offering consists of four integrated service lines: Property Management (rental management, center operations, technical management, communication, and real estate administration), Commercialisation (asset positioning, merchandising planning, business development, prospecting, lease execution, and opening oversight), Asset Management (key account management, business plan monitoring, acquisition/disposal support, audit and consulting), and Repositionnement des actifs (asset repositioning through strategic analysis, business planning, and renovation oversight). Together, these services enable Terranae to manage commercial shopping centers and retail parks for third-party investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Comprehensive property management services for commercial retail assets, covering rental management, center management and operations, technical management, communication and animation, and real estate administration. Designed for commercial property owners and institutional investors in France.
• Commercialisation Commercialization services for commercial retail assets including asset positioning, merchandising plan development, business planning, prospecting, lease signing, and opening coordination. Designed for property owners seeking to lease up and optimize retail tenant mix in shopping centers and retail parks.
• Asset Management Strategic asset management services encompassing key account management, business plan monitoring and tracking, recommendations and oversight, acquisition and disposal support, audit and consulting missions, and transitional asset management assignments. Designed for institutional investors and property owners with retail portfolios in France.
• Repositionnement des actifs (Asset Repositioning) Asset repositioning services for commercial retail properties including ambition definition, SWOT analysis and recommendations, business plan development, project tracking, and renovation oversight. Designed for property owners seeking to transform underperforming retail assets in France.

Quantifiable outcome

• 3 billion euros in commercial assets under management
• +3 more outcomes

Named customers4 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

Partnerships

Three partnerships are on record, tiered core.

• Swiss Life Asset ManagerscoreStrategic or Co-development Partner · 1 September 2020Swiss Life Asset Managers selected Terranae to handle property management, repositioning, and commercialization of Passage Cœur de Nantes starting September 2020. The property connects the historic Pommeraye passage to rue Santeuil, representing a significant mandate in the French commercial real estate market.
• Groupe FreycoreStrategic or Co-development PartnerFrench retail park developer Groupe Frey works with Terranae for the management of multiple retail park assets including Shopping Promenade Arles, O'Green Agen, Green 7 Salaise-sur-Sanne, beGreen Saint-Parres-aux-Tertres, and SuperGreen Terville. Terranae provides commercialization and property management services for these FREY-developed retail parks.
• Groupe Commerz RealcoreStrategic or Co-development PartnerCommerz Real, owner of the Espace Saint Georges shopping center in Toulouse, engaged Terranae for property management and repositioning services. Terranae managed the center's transformation including renovation work and tenant mix optimization.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Cushman & Wakefield: Cushman & Wakefield provides global real estate services including asset services, property management, and leasing for retail and commercial assets. Its French and European retail practice competes directly with Terranae for institutional mandates on shopping centers and retail parks.
• Savills: Savills is an international real estate advisory and management firm with European operations across commercial and retail asset management, providing comparable services to institutional property owners and competing for similar mandates in France.
• CBRE Group: CBRE is one of the largest global commercial real estate services platforms with dedicated Investment Management and property management operations across Europe and France, providing direct competition for retail asset mandates and tenant/lease management services.
• Knight Frank: Knight Frank is a global real estate consultancy with property management and asset management services across European commercial and retail real estate, offering similar professional services to institutional investors in France.
• JLL: Jones Lang LaSalle is a global real estate services firm with a substantial French and European asset and property management practice serving institutional owners of commercial and retail real estate, directly competing with Terranae for third-party mandates on shopping centers and retail parks.
• BNP Paribas Real Estate: BNP Paribas Real Estate is the French banking group's property services arm offering property management, asset management, and advisory services across commercial real estate in France, directly competing for institutional mandates in the same geography.
• AEW Capital Management: AEW is a global real estate investment manager with a strong European retail and commercial property management platform serving institutional investors, providing comparable asset and property management services for retail real estate investors in France.

Regional players

• Primonial REIM: Primonial REIM is a France-focused real estate investment manager offering asset management and property management services across retail, office, and residential real estate. It is a comparable French market peer for commercial asset mandates with an institutional investor focus.

Broad incumbents

• Amundi Real Estate: Amundi Real Estate is one of Europe's largest real estate asset managers offering asset and property management services across retail, office, residential, and logistics. Its broad portfolio and institutional investor relationships overlap with Terranae's target client base.
• AXA IM Real Estate: AXA Investment Managers operates a large real estate platform including asset management and property management services for European commercial real estate across retail, office, and logistics. Its scale and institutional relationships make it a broad incumbent competing for retail mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/terranae
• Xx.com/terranae_
• Facebookfacebook.com/terranae

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Terranae