Acanthe Developpement
Acanthe Developpement is a France-listed SIIC (REIT) that owns and leases a small €108.3 million portfolio of premium Parisian office assets (9,374 m² across 4 buildings, 96% in the Paris CBD), generating rental income for shareholders under a DUMÉNIL family-controlled board.
- Company typePublic
- Founded1991
- HeadquartersParis, France
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Acanthe Developpement does
Acanthe Developpement is a France-domiciled, publicly listed real estate investment company (SIIC) that owns and directly leases a small, concentrated portfolio of high-end Parisian office assets. Its portfolio totals 9,374 m² across four buildings — two in Paris's Central Business District (15 rue de la Banque and 55 rue Pierre Charron, the latter a Haussmann building in the Triangle d'Or 150 meters from the Champs-Élysées), the Hotel Vaxelaire in Brussels, and an associated location — and is valued at €108.3 million as of 2025, with 96.1% of value in the Paris QCA. Revenue is generated almost exclusively through direct annual leases of office and ground-floor retail space to professional service tenants (law firms, financial companies, restaurants), with disclosed asking rents of €420–€600/m²/year (HT/HC) on available units.
The business model is straightforward buy-and-hold prime real estate: acquire trophy Parisian assets, lease them at premium rents to professional tenants, and distribute the resulting yield to shareholders under the SIIC tax regime. The company is listed on NYSE Euronext Paris, Compartment C (ticker ACAN), as part of the IEIF SIIC index, with a share count of 165,354,886 (capital of €22,468,153 as of September 2024) and a Net Asset Value of €112.2 million (€0.68 per share) at December 2024. The go-to-market motion is direct-to-tenant leasing, supported by a corporate website that publishes available units with photos, surface areas, and pricing; the company also issues regulated disclosures via BALO and holds an annual general meeting broadcast on YouTube.
Management is intentionally lean: Alain DUMÉNIL serves as combined Chairman and CEO, with Ludovic DAUPHIN as Deputy CEO since October 2018, and a three-person Board (the DUMÉNIL family holds all three seats). The company has no subsidiaries, no M&A activity, and no disclosed technology or AI capability beyond a standard corporate website. Reported 2025 revenue was €3.4 million (down from €3.92 million in 2024) due to tenant departures not fully offset by new arrivals, NAV per share has compressed from €0.81 (2023) to €0.68 (2024), and a €13.2 million fiscal litigation provision weighs on equity — collectively pointing to a small-cap, family-controlled, prime-location REIT in operational contraction.
Acanthe Developpement firmographics
Firmographics- Name
- Acanthe Developpement
- Legal name
- Société Acanthe Développement
- Website
- https://acanthedeveloppement.fr
- Company type
- Public
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Acanthe Developpement is a France-listed SIIC (REIT) that owns and leases a small €108.3 million portfolio of premium Parisian office assets (9,374 m² across 4 buildings, 96% in the Paris CBD), generating rental income for shareholders under a DUMÉNIL family-controlled board.
- Ownership category
- akta.pro rank
Acanthe Developpement industry classification
Industry- Product category
- Commercial Real Estate (Office Property)
- NAICS
- Lessors of Real Estate (5311)
- SIC
- Real Estate Investment Trusts (6798), Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- Commercial Real Estate Asset Management (BPAJAMAB)
Keywords
Where Acanthe Developpement is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
Acanthe Developpement business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others
Revenue model
- Real Estate Rental Income: Acanthe Developpement generates revenue through leasing office and commercial spaces in its real estate portfolio. The company reported revenue of €3.4 million in 2025, a decline from previous years due to tenant departures not fully offset by new arrivals. The portfolio comprises premium office properties in Paris's CBD and Brussels.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Annual | Office space at 15 rue de la Banque, Paris 2nd arrondissement |
| Unit Pricing | Annual | Office space at 55 rue Pierre Charron, Paris 8th arrondissement (Triangle d'Or) |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Acanthe Developpement product offering
Product offeringCore offering
Acanthe Developpement is a French SIIC (Real Estate Investment Trust) that owns, manages, and leases a portfolio of premium office and commercial properties concentrated in Paris's Central Business District and one historic asset in Brussels. The company generates revenue by leasing office and retail spaces to professional tenants such as law firms, financial companies, and high-end restaurants on multi-year contracts priced per square meter per year. Its strategy focuses on delivering regular and elevated rental yields to shareholders through active asset management, cost control, and retention of quality tenants in prime Parisian locations.
Product overview
Acanthe Developpement is a European SIIC-eligible real estate company that owns and manages a portfolio of high-end Parisian office properties. The portfolio comprises four buildings totaling 9,374 m² concentrated in Paris's Central Business District and the historic center, valued at €108.3 million. The company also owns one property in Brussels. Properties include 15 rue de la Banque (mixed-use), 55 rue Pierre Charron (offices and retail), and Hotel Vaxelaire (converted Brussels mansion). The company offers office rental services for available spaces, targeting tenants seeking premium office locations in prime Parisian districts.
Differentiator
Problem solved
Functional benefit
Products and services
- 15 rue de la Banque (Paris 2nd)
Quantifiable outcome
- 96.1% of assets concentrated in Paris Central Business District
Companies that use Acanthe Developpement
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles1 record
Acanthe Developpement technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Acanthe Developpement partnerships and signals
Strategic signalScale indicators7 records
Recent moves5 records
Expansion highlights3 records
Acanthe Developpement competitors and assessment
Company assessmentRegional players
- Foncière des Régions (now Covivio Hotels related): European REIT active in prime Paris offices, hotels, and German real estate. Comparable regulatory framework (SIIC/REIT) and Paris office exposure, though with a broader asset mix and international footprint.
Broad incumbents
- Icade: Large French SIIC (subsidiary of Caisse des Dépôts) with significant Paris-area office and healthcare real estate. Comparable asset class and regulatory regime, but with much greater scale and a more diversified portfolio.
- Gecina: Major French SIIC with a portfolio concentrated in Paris's central business district and high-end residential. Directly comparable in terms of Paris CBD office focus, but materially larger in scale than Acanthe.
- Covivio: European REIT (formerly Beni Stabili) with significant Paris, Milan, and German office exposure. Comparable as a continental European listed REIT in the office segment, though diversified across multiple geographies.
Direct peers
- Cegereal: Small-cap French SIIC focused on premium Parisian office real estate, with a portfolio concentrated in the western Crescent and La Défense areas. Closely comparable to Acanthe in scale, listed structure, and Paris office CBD focus.
- Affine: Small-cap French REIT/SIIC with mixed office, retail, and logistics exposure, listed on Euronext Paris. Comparable as a French listed real estate company serving as a small-cap investment vehicle for direct property exposure.
- Selectirente: Small-cap French SIIC focused on city-center retail and office real estate. Comparable as a micro-cap French REIT with similar property focus and SIIC distribution mechanics.
- Patrimoine et Commerce: French SIIC holding retail and office assets, listed on Euronext Paris. Comparable as a small-cap French REIT vehicle investing directly in physical real estate with similar tax-efficient distribution mechanics.
- Société de la Tour Eiffel: French SIIC (now under the SMABTP group) historically focused on Paris and Greater Paris office real estate. Directly comparable asset class and SIIC tax structure, although larger in scale than Acanthe.
- Frey: French SIIC specializing in retail parks and open-air shopping centers. Comparable as a small-cap French listed REIT with similar distribution and tax regime, though focused on retail rather than office.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Acanthe Developpement social profiles
Digital presenceAcanthe Developpement financial estimates
Financial estimateRevenue estimate
Valuation estimate
Acanthe Developpement leadership team
Management profileNumber of profiles
Profiles4 records
Acanthe Developpement funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Acanthe Developpement M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Acanthe Developpement
What does Acanthe Developpement do?
Acanthe Developpement is a French SIIC (Real Estate Investment Trust) that owns, manages, and leases a portfolio of premium office and commercial properties concentrated in Paris's Central Business District and one historic asset in Brussels. The company generates revenue by leasing office and retail spaces to professional tenants such as law firms, financial companies, and high-end restaurants on multi-year contracts priced per square meter per year. Its strategy focuses on delivering regular and elevated rental yields to shareholders through active asset management, cost control, and retention of quality tenants in prime Parisian locations.
Is Acanthe Developpement a public or private company?
Acanthe Developpement is a public company. It is classified as public and is currently operating.
When was Acanthe Developpement founded?
Acanthe Developpement was founded in 1991. It employs 5,001 to 10,000 people.
Where is Acanthe Developpement based?
Acanthe Developpement is headquartered in Paris, France, in the Europe region.
How does Acanthe Developpement make money?
One revenue line is on record: real Estate Rental Income.
Who are Acanthe Developpement's main competitors?
Foncière des Régions (now Covivio Hotels related) is listed as a regional player. Broad incumbents are Icade, Gecina and Covivio. Direct peers are Cegereal, Affine, Selectirente, Patrimoine et Commerce, Société de la Tour Eiffel and Frey.
Does Acanthe Developpement have an API?
No public API is recorded for Acanthe Developpement.
What industry is Acanthe Developpement in?
Acanthe Developpement's product category is Commercial Real Estate (Office Property). Its primary akta.pro industry code is BPAJAMAB, Commercial Real Estate Asset Management. Its NAICS code is 5311 and its SIC code is 6798.