Terreis

What Terreis does

Terreïs is a private French real estate investment company (foncière privée) operating as a 100% subsidiary of the OVALTO Group, the family office of Jacky Lorenzetti. The company manages a curated collection of prime Parisian commercial properties concentrated in the Quartier Central des Affaires, spanning the 8th, 1st, and 9th arrondissements, with a portfolio of approximately 50,000 m² that includes the historic Hôtel Particulier headquarters at 5 avenue de Messine. The company was originally constituted in 2000 to hold the premises of real estate agencies acquired by the Foncia group during its external growth phase, became independent and listed on Euronext Paris in December 2006 under the SIIC regime, and was taken private again in February 2019 when Swiss Life Asset Managers acquired 28 assets (72% of the portfolio) for €1.7 billion at a 7% premium to NAV. Since privatization, Terreïs has operated with a lean (1-10 employees) family-office structure focused on active management and arbitrage of its residual portfolio while positioning for future large-scale reinvestment when market conditions are favorable.

The company generates revenue primarily through commercial rental income on its prime Paris QCA office assets and, historically, through strategic asset disposal transactions. Its go-to-market motion is enterprise field sales, dealing directly with institutional investors (as demonstrated by the Swiss Life transaction) and managing Triple Net leases with commercial tenants. Differentiation rests on the rarity and architectural quality of the asset collection, BREEAM In-Use environmental certification applied across the portfolio, and the long-term perspective enabled by OVALTO ownership, which freed the company from short-term listed-market constraints. Leadership under CEO Fabrice Paget-Domet (HEC, in role since 2007 and former Deputy CEO of Groupe Foncia) has been the consistent strategic driver, orchestrating the 2011-2018 QCA concentration pivot, the 2019 Swiss Life divestiture, and the current watchful capital-redeployment posture.

Business model mechanics include: (1) recurring gross rental income from a small number of enterprise tenants occupying premium Paris QCA office space; (2) opportunistic asset disposal and portfolio arbitrage (typified by the 2019 Swiss Life sale); and (3) a stated ambition to redeploy capital at the next market cycle low into additional prime Parisian assets. The company operates without disclosed pricing transparency (assets are transacted via private negotiation), holds no public ticker, and reports no AI/ML, software, or platform technology components. Customer segments are limited to commercial office tenants and institutional investor counterparties; the company has stated no expansion outside Paris and no disclosed entry into new verticals or geographies.

Name

Terreis

Legal name

Terreïs

Website

https://terreis.fr

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

Terreïs is a private Paris real estate investment company (foncière) that manages approximately 50,000 m² of prime commercial properties in the Quartier Central des Affaires as a 100% subsidiary of the OVALTO family office of the Lorenzetti family, generating rental income and arbitraging its residual portfolio.

Ownership category

akta.pro rank

Headquarters

HQ city

Le Plessis-robinson

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Others

Revenue model

1. Commercial Real Estate Rental Income: Generates rental income from commercial office properties in Paris QCA (Quartier Central des Affaires). Portfolio of approximately 50,000 m² of prime Parisian real estate assets.
2. Asset Disposal and Arbitrage: Strategic sale of real estate assets (e.g., 2019 sale of 28 assets to Swiss Life for €1.7 billion). Active portfolio management including divestment of non-strategic holdings.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Terreïs is a private real estate investment company (foncière privée) that owns, manages, and leases a curated collection of approximately 50,000 m² of prime commercial properties in the Paris Quartier Central des Affaires (8th, 1st, and 9th arrondissements). Following its 2019 privatization, it operates as a 100% subsidiary of the OVALTO family office of the Lorenzetti family, generating revenue through commercial rental income from office tenants and strategic asset disposal/arbitrage, with an active program of BREEAM In-Use sustainable renovation across its portfolio.

Product overview

Terreïs is a private real estate company (Foncière Privée) operating as a subsidiary of the OVALTO Group, specializing in the management and valorization of a curated collection of rare Parisian properties. The company offers three interconnected offerings: (1) the Avenue de Messine headquarters property serving as the symbolic anchor of the portfolio, (2) a collection of prime commercial assets across Paris QCA (8th, 1st, and 9th arrondissements), and (3) sustainable renovation services adhering to BREEAM In-Use environmental standards. The portfolio comprises approximately 50,000 m² of commercial space, managed with active asset management and residual portfolio arbitration strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• Avenue de Messine Property
• Paris QCA Asset Collection

Quantifiable outcome

• 6.8x multiple on IPO price returned to shareholders (approximately €60 total)
• +2 more outcomes

Named customers1 record

Segments2 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.

• VPF (Villa Paris France)minorOthersVPF is a property trading company (marchand de biens) led by Fabrice Paget-Domet. It applies the same excellence standards of the listed foncière to private property management.

Scale indicators6 records

Recent moves11 records

Expansion highlights4 records

Direct peers

• Icade: French listed REIT combining Paris office and healthcare property. Comparable as a domestic institutional-grade landlord operating under French SIIC-equivalent regime with similar prime-asset focus.
• Gecina: Leading French listed office REIT with a portfolio heavily concentrated in Paris, particularly the QCA. Directly comparable as a Paris prime office landlord with similar tenant profile and ESG-driven asset positioning.
• Covivio: European office REIT with material Paris exposure alongside Italian and German office assets. Comparable business model as a listed office landlord pursuing prime urban concentration and ESG certifications.
• Société Foncière Lyonnaise (SFL): Paris-only prime office REIT (now part of Colonial group). Closely comparable as a QCA-concentrated landlord pursuing trophy asset strategy and ESG repositioning of central Paris stock.

Broad incumbents

• Unibail-Rodamco-Westfield: European commercial REIT with flagship destinations including in Paris. Comparable as a continental prime commercial landlord, though its retail/destination focus and larger scale differ from Terreïs' office specialization.
• Altarea: French diversified real estate operator covering offices, retail, residential and logistics. Comparable as a domestic French commercial real estate platform with Paris exposure and an institutional asset management arm.
• Klépierre: European shopping center REIT with continental exposure. Comparable as a major European commercial landlord with institutional ESG focus, but distinct from Terreïs' prime office QCA specialization.
• Patrimoine & Commerce (Selectirente): French commercial REIT focused on retail and mixed-use assets around Paris and major French cities. Broadly comparable as a domestic commercial landlord, though its retail tilt differs from Terreïs' pure office focus.
• Frey: French listed REIT specialized in retail parks and commercial real estate. Comparable as a domestic commercial landlord pursuing ESG-certified developments, though skewed to retail rather than office.

Others

• Swiss Life Asset Managers: Direct counterparty that acquired 72% of Terreïs' portfolio in 2019 for €1.7B. Now manages those assets in a similar QCA prime office mandate — a meaningful comparable for asset composition and tenant profile, though operating as a third-party manager rather than principal.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/in/fabrice-paget-domet-34ba205a
• Xx.com/TerreisRE_
• Facebookfacebook.com/profile.php

Compliance1 record

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 Terreis