What Lazard Group Real Estate does

Lazard Group Real Estate is a privately held French commercial real estate operator founded in 1990 that develops and owns next-generation office and activity buildings across major French metropolitan areas. The company operates a national development platform from its Paris headquarters (16 place Vendôme) with regional offices in Strasbourg, Lyon, Nantes, and Marseille, and runs an active pipeline of more than 50 projects spanning Paris, Marseille, Lyon, Nantes, Toulouse, Montpellier, Strasbourg, Lille, Rennes, Tours, Le Mans, Aix-en-Provence, and other cities.

The core product is purpose-built office buildings, with selected activity/logistics operations (e.g., CAPSUM in Marignane). Underlying technology is centered on sustainable construction methods rather than software: timber-frame and bio-sourced structures (CUBE in Strasbourg, SKY SOPHIA in Sophia Antipolis, ZEN ATALANTE in Rennes), multi-certification expertise across BREEAM, LEED, HQE, E+C-, RE2020, and Passivhaus, and specialized features such as COVID-Free air filtration and contactless climate systems on LINK-IT in Clichy. Projects range from ~1,700 m² (ATWORK) to 26,000 m² (HALLE NOVA Montpellier, co-developed with AMETIS GROUPE and GAIA PROMOTION).

The business model combines one-time sales to institutional investors and corporate occupiers — typically via Vente en État Futur d'Achèvement (VEF) off-plan sales or completed-asset disposals — with recurring rental income under 6-9 year commercial leases (bails commerciaux). Distribution is entirely direct via regional field-sales teams, with transaction advisory from CBRE, BNP Paribas Real Estate, Cushman & Wakefield, and Blot Immobilier. Customers split into three segments: large corporate occupiers (over 100 named logos including Airbus, L'Oréal, Sopra Steria, Decathlon, Crédit Mutuel, Keolis, STMicroelectronics), institutional investors (over 50 including Amundi, AXA IM, JP Morgan, Crédit Agricole, Primonial, La Française REM), and government/public-sector entities (e.g., Départements des Bouches-du-Rhône and Hauts-de-Seine). Ownership is family/management-led, with François Lazard as Président Directeur Général and Gildas Martienne and Christophe Milesi as Deputy General Directors.

Name

Lazard Group Real Estate

Legal name

Lazard Group

Website

https://lazard-sa.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Lazard Group Real Estate is a French commercial real estate developer founded in 1990 that designs, builds, and sells or leases next-generation certified office buildings for corporate occupiers, institutional investors, and public-sector clients across major French metropolitan areas.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Lessors of Other Real Estate Property (53119), Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519), Real Estate (6500)

akta.pro primary industry

Office Brokerage (BPAJABAA)

Keywords

• Commercial real estate development
• Office building construction
• Sustainable building design
• Property leasing services
• Real estate asset management

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Office building sales: Lazard Group develops and sells commercial office buildings to institutional investors and corporate occupiers under VEF (Vente en État Futur d'Achèvement) and completed sale structures. Revenue is generated from property sales at completion.
2. Office building leasing: The company leases office space to corporate tenants under commercial leases (bails commerciaux), typically 6-9 year terms, generating recurring rental income from tenants such as OPCO MOBILITÉS, L'Oréal, Decathlon, Crédit Mutuel, and others.
3. Co-development and co-promotion: Joint development projects with partners such as AMETIS GROUPE and GAIA PROMOTION for mixed-use programs like HALLE NOVA, sharing development costs and revenues.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Lazard Group Real Estate is a national French commercial real estate developer that designs, builds, sells, and leases next-generation office and mixed-use buildings across France. The company develops properties both off-plan (Vente en État Futur d'Achèvement) and on a turnkey basis, targeting corporate occupiers and institutional investors with environmentally certified assets. Operations span Île-de-France and major regional metros with five regional offices.

Product overview

LAZARD GROUP REAL ESTATE is a national commercial real estate operator specializing in office and activity building development across France. With 35 years of experience, the company develops a diverse portfolio of properties including large-scale office complexes (GREEN VALLEY, LINK-IT, CUBE, LE PHOCÉA), mixed-use programs (HALLE NOVA), and activity/logistics facilities. Their products feature environmental certifications including BREEAM, LEED, HQE, E+C-, RE2020, and Passivhaus standards. The company operates through regional offices in Paris, Strasbourg, Lyon, Nantes, and Marseille, developing buildings that emphasize user well-being, environmental performance, and architectural quality. Notable projects include timber-structured buildings (CUBE), smart buildings with Covid-Free features (LINK-IT), and eco-district developments (EPURE in Tours EcoQuartier).

Differentiator

Problem solved

Functional benefit

Brands

• LINK-IT: Office building project in Clichy-la-Garenne with 8,711 m² of offices certified BREEAM VERY GOOD and E+C-
• HALLE NOVA
• CUBE
• GREEN VALLEY
• ATWORK
• EPURE

Products and services

• GREEN VALLEY 17,100 m² office building complex at Massy TGV station in Massy Atlantis, in R+7 with 420 underground parking spaces. LEED Silver and BREEAM Very Good certified. Includes integrated company restaurant serving up to 800 meals daily. Leased to OPCO MOBILITÉS among other tenants at 92% occupancy.
• LINK-IT Two R+8 office buildings totaling 8,711 m² in Clichy-la-Garenne near ZAC Clichy-Batignolles. BREEAM VERY GOOD (Lot 1) and BREEAM GOOD (Lot 2) certified, E2C1 label. Covid-Free design with high-efficiency air filtration, contactless systems, 500+ m² of terraces. Lot 1 sold to La Française REM fully leased to L'Oréal; Lot 2 acquired by Département des Hauts-de-Seine. Awarded 2nd prize at Trophées 3 Diamants 2023/2024.
• CUBE 5,093 m² timber-structured (wood-frame) office building in Strasbourg's Neudorf district near Rivetoile. Multi-certified: BREEAM, HQE, Label E+C-. Features shared spaces including restaurant, amphitheater, terraces, and multisport field. 59 underground and 10 outdoor parking spaces with secure bike storage. Reduces carbon footprint through wood-frame construction with metal exoskeleton.
• LE PHOCÉA 8,701 m² office building in R+6 at Marseille Euroméditerranée in the Cazemajou district. BREEAM GOOD certification in progress. Features terraces with sea views, 360 m² of retail/services at ground level, and 85 underground parking spaces. Acquired by Département des Bouches-du-Rhône.
• HALLE NOVA 26,000 m² mixed-use program in Montpellier's Cambacérès district in R+5. Joint development with AMETIS GROUPE and GAIA PROMOTION. 10,833 m² offices on service base (4,741 m² plot B, 6,092 m² plot D). BREEAM GOOD and E+C- certifications targeted. 500 total parking spaces.
• EPURE 7,069 m² office complex in Tours at ZAC MONCONSEIL EcoQuartier. RE2020 compliant and BREEAM Very Good targeted. Features 3 loggias per floor, accessible rooftop with summer kitchen, fan-shaped layout maximizing natural light. Two buildings with basement levels.
• ATWORK 1,700 m² flexible, modern office building in Sophia Antipolis, Biot. 100% commercialized. Features modular, high-performance offices, outdoor areas, and rooftop. Designed in wooded environment integrating architecture and nature.
• UPLINE Two R+5 buildings totaling 9,996 m² in Villeneuve d'Ascq at Pilaterie business park. 100% bioclimatic design. 144 underground and 160 outdoor parking. 300 m² cafeteria/coworking, patio, showers, changing rooms, balconies and loggias. Fully leased to DECATHLON.
• E-NOVA Office building in Arcueil featuring bio-sourced materials and cycling facilities including showers and changing rooms accessible to all occupants.
• SKY SOPHIA Office complex in Biot, Sophia Antipolis. Entire superstructure in bio-sourced timber without concrete. Wood-clad facades guarantee exceptional waterproofing and insulation. Features amphitheater, restaurant, gym, and modular rooms.
• ZEN ATALANTE 15,500 m² office complex in Cesson Sévigné at Atalante ViaSilva. Two buildings designed by Françoise Raynaud (LOCI ANIMA). BREEAM VERY GOOD certified. Bioclimatic construction with aluminum cladding. 388 parking spaces with EV charging, 140-bike storage. Acquired by UNOFI / NOTAPIERRE SCPI fully leased to Sopra Steria and Interdigital.
• ELLIPSE 2,817 m² office building in R+5 in Villeneuve-d'Ascq on boulevard de Breucq. Designed by Schwab Architectes. 81 outdoor parking. Features terraces, natural light, and collaborative spaces.
• URBAN CAP Three R+2 buildings totaling approximately 10,000 m² in Zone des Milles, Aix-en-Provence. Designed by Patrice DENIS. 385 parking spaces including 191 underground.
• ONLINE 7,325 m² office building in R+8+Attic in Strasbourg Wacken district, Archipel. Designed by EGA Erik Giudice Architecture. 85 parking spaces. Near tramway. Occupied by Crédit Mutuel (5,320 m² leased).
• EDGE PARK 3,870.65 m² mixed operation in Aubagne Napollon quarter. 1,995.70 m² offices and 1,874.95 m² activity spaces. Designed by Groupe Kardham. Office spaces from 150 m², activity lots from 400 m² with sectional door.
• AZURÉA 8,060 m² office building in Marseille Saumaty ZAC facing the sea. West-facing with terraces at all levels offering exceptional sea views. Near A50 motorway.
• CRYSTALLIA 8,812 m² office building in R+5 in Marseille Timone quarter along Avenue Delessert. Designed by ARCHIPOLE SUD. BREEAM Very Good targeted. 110 indoor parking. Landscaped outdoor spaces and terraces at all levels.
• UPTOWN 6,883 m² office complex in Le Mans in two R+4 connected buildings. Designed by Schwab Architectes. 73 outdoor and 86 underground parking. Near tramway. Fully sold and leased to BK Services Direction Ouest, Adecco, Axplora, and others.
• EQUINOX Multi-phase office complex in Toulouse ZAC des Ramassiers near aerospace industry cluster. EQUINOX 1: 2,860 m², 114 parking. EQUINOX 2: 5,402 m², 213 parking. EQUINOX 3: under development. Designed by Groupe Kardham.
• VIVÉO 4,605 m² R+2 office building in Pessac near airport. Designed by Schwab Architectes. 121 parking (55 underground). Occupied by La Banque Postale, EXTIA, OPCO MOBILITÉS, and APF FRANCE HANDICAP.
• EMPREINTE Two Passivhaus-certified office buildings in Lille (Marcq-en-Barœul) on three floors with underground parking. 152 parking spaces, bike storage, and green spaces. 90% occupied by KEOLIS mobility operator. Acquired by Lazard Group from CARRÉ - GGL.
• CAPSUM Industrial operation in Marignane at ZAC des Florides totaling 15,234 m² including 870 m² of offices. BREEAM GOOD certification targeted. 248 parking spaces with electric charging stations. Delivery planned for Q3 2026.

Quantifiable outcome

• GREEN VALLEY at Massy operates at 92% occupancy with LEED Silver and BREEAM Very Good certifications
• +4 more outcomes

Named customers13 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

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• CARRÉ - GGLminorOthers · 1 June 2025Seller of the EMPREINTE office complex (6,000+ m²) in Marcq-en-Barœul (Lille) to Lazard Group. Buildings are Passivhaus-certified and 90% occupied by Keolis.
• AMETIS GROUPEcoreStrategic or Co-development Partner · 1 January 2021Co-promotion partner with Lazard Group and GAIA PROMOTION for the HALLE NOVA mixed-use program in Montpellier's Cambacérès district (~26,000 m²). AMETIS brings local development expertise and co-funds the project.
• GAIA PROMOTIONcoreStrategic or Co-development Partner · 1 January 2021Co-promotion partner with Lazard Group and AMETIS GROUPE for the HALLE NOVA mixed-use program in Montpellier (~26,000 m², R+5), sharing development costs and revenues.
• CBREminorImplementation/ SI/ Consulting PartnerReal estate advisory firm acting as transaction advisor in multiple Lazard Group deals including GREEN VALLEY leasing (OPCO MOBILITÉS), PHOCÉA sale (Département des Bouches-du-Rhône), and other transactions.
• BNP Paribas Real EstateminorImplementation/ SI/ Consulting PartnerReal estate advisory firm acting as transaction advisor in EQUINOX leasing deals and SÉQUOIA sale in Rennes.
• Cushman & WakefieldminorImplementation/ SI/ Consulting PartnerReal estate advisory firm acting as transaction advisor in GREEN VALLEY leasing deals and LINK-IT sale to La Française.
• R&D NotairesminorImplementation/ SI/ Consulting PartnerNotary firm representing Lazard Group in numerous transactions including LINK-IT sales, ONLINE leasing, UPTOWN sales, and various other deals across France.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Icade: French REIT/developer with substantial office portfolio in Île-de-France and major metros. Overlaps with Lazard on the same pool of corporate tenants (L'Oréal, Crédit Mutuel) and institutional investors, and competes for similar off-plan office acquisitions.
• Covivio: European office REIT with significant French exposure and major tenants. Comparable as a large acquirer of Lazard-grade prime office stock and competes in the same ESG-certified asset class.
• Gecina: Premier Paris-centric office REIT. Comparable institutional acquirer of Lazard-developed office assets (similar to La Française and Primonial in Lazard's investor base) and competes for the same prime-Paris corporate occupier pool.
• Altarea: French listed real estate operator combining retail, office, and residential development. Operates in similar French metros with comparable institutional investor relationships, but is significantly larger and retail-anchored.
• Nexity: France's largest diversified real estate developer with significant commercial/office exposure plus residential. Comparable as a French developer serving corporate occupiers and institutional investors, though materially larger and broader in scope than Lazard's tertiary-only focus.
• Vinci Immobilier: Real estate arm of Vinci group developing office, residential, and mixed-use across France. Comparable in development of certified office product for institutional and corporate clients, with greater financial backing.
• Bouygues Immobilier: Subsidiary of Bouygues developing residential, office, and mixed-use across France. Comparable developer for tertiary office product with deeper capital base and broader national reach.

Others

• Unibail-Rodamco-Westfield: European commercial real estate leader. While primarily retail-focused, it is a major occupier/investor in the French office market and shares the ESG-certification and institutional capital pool relevant to Lazard's positioning.

Direct peers

• Eiffage Immobilier: Mid-sized French real estate developer (subsidiary of Eiffage) focused on office, residential, and serviced developments in major metros. Closest peer in scale and product mix to Lazard, with similar reliance on multi-certification (BREEAM/LEED) and metropolitan footprint strategy.
• Sogeprom: French real estate developer (subsidiary of Société Générale) developing office, housing, and mixed-use across major metros. Comparable in scale and customer base, with similar VEF/off-plan office model targeting French corporates and SCPIs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/lazardgroup
• LinkedInlinkedin.com/company/lazard-group

Compliance24 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Lazard Group Real Estate