What WO2 does

WO2 SAS is a Paris-based real estate developer founded in 2014 by Guillaume Poitrinal and Philippe Zivkovic, specializing in low-carbon, mass timber (CLT) office buildings in the Greater Paris region. WO2 pioneers CLT construction in France, owning the only proprietary CLT construction solutions validated by 6 ATEx (Appréciation Technique d'Expérimentation) issued by the CSTB. Its portfolio includes the 125,000 m² Arboretum campus in Nanterre (Europe's largest CLT office campus), Marcadet Belvedere (31,400 m², Paris), Breizh (35,000 m², Saint-Denis), La Traversée (16,670 m², Clichy), WoodWork (9,400 m², Saint-Denis), 126 Leclerc (Boulogne-Billancourt), and 23 Foch (Paris headquarters). WO2 reports lifecycle carbon reductions of ~48% versus traditional construction and energy consumption 2.5x lower than the average French office, with all office buildings certified BBCA Excellent.

WO2 generates revenue through three primary streams: (i) office building development and off-plan sales (VEFA) to enterprise occupiers such as GRDF, Sanofi, RIVP, and Spaces/IWG, plus institutional buyers such as L'Etoile Properties on behalf of US funds; (ii) MOD (Maître d'Ouvrage Délégué) services for the €750M ICAWOOD investment fund created in 2019 by ICAMAP and Ivanhoé Cambridge, where WO2 acts as delegated project owner; and (iii) AMO (Assistant à Maître d'Ouvrage) advisory services for complex restructuring projects, including the Tour Montparnasse for LFPI REIM since 2017. Distribution is exclusively B2B, executed through direct enterprise field sales and institutional investor relationships. The company's vertical integration extends to W2 Ressources, a forestry subsidiary managing ~360 hectares in Ardèche, Drôme, and Vienne under sustainable continuous-cover forestry (FSC/PEFC-certified) to secure timber supply and generate Label Bas Carbone carbon credits. In 2023, WO2 divested its residential subsidiary Woodeum entirely to Altarea, refocusing on the office and MOD/AMO business. Cumulative projected business volume stands at ~€4B from 10 office operations and ~€1.4B from 43 historical residential operations.

Name

WO2

Legal name

WO2

Website

https://wo2.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

WO2 is a Paris-based developer founded in 2014 that builds low-carbon CLT mass-timber office buildings in Grand Paris, serving enterprise occupiers (e.g., Sanofi, GRDF) and institutional investors via its €750M ICAWOOD fund partnership, with proprietary CSTB-validated construction technology.

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Office Building Development & Sales: WO2 develops large-scale low-carbon office campuses (Arboretum 125,000 m², Marcadet 31,400 m², Breizh 35,000 m², La Traversée 16,670 m²) and sells or leases them to enterprise tenants. Near 4 Md€ projected revenue from 10 office operations representing ~350,000 m².
2. Residential Development: Residential property development through the Woodeum subsidiary (50% sold to Altarea). 43 operations representing more than 4,200 homes and ~1.4 Md€ projected revenue.
3. Maître d'Ouvrage Délégué (MOD) Services: WO2 acts as delegated project owner (MOD) for ICAWOOD fund, managing development of low-carbon office buildings on behalf of the investment fund. ICAWOOD has 750M€ in equity for low-carbon offices in Grand Paris.
4. AMO (Assistant à Maître d'Ouvrage): WO2 provides AMO services for complex restructuring projects, such as the Tour Montparnasse restructuring, advising on technical, financial, legal, and architectural aspects.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

WO2 is a French real estate developer specializing in low-carbon office buildings constructed primarily with Cross-Laminated Timber (CLT) mass timber. The company develops, sells, and leases large-scale commercial campuses in Grand Paris — totaling ~350,000 m² of office space across 10 operations — to enterprise occupiers and institutional investors. WO2 also acts as delegated project owner (MOD) for the €750M ICAWOOD investment fund and provides advisory services (AMO) for complex restructuring projects.

Product overview

WO2 is an integrated low-carbon real estate developer specializing in mass timber CLT (Cross-Laminated Timber) construction for commercial buildings. The company's portfolio centers on eight major projects: the Arboretum campus (Nanterre), Marcadet Belvedere (Paris), Breizh (Saint-Denis), La Traversée (Clichy), WoodWork (Saint-Denis), 23 Foch (Paris), Les Chauvins (Drôme), and 126 Leclerc (Boulogne-Billancourt). Supporting operations include W2 Ressources, a forestry subsidiary managing 360 hectares in France for sustainable timber supply, and the ICAWOOD investment fund providing €750 million for low-carbon office developments. All WO2 office buildings receive BBCA Excellent certification, the highest level of the Low Carbon Building label.

Differentiator

Problem solved

Functional benefit

Brands

• W2 Ressources: Forestry operator and eco-site manager managing forest domains in Ardèche, Drôme, and Vienne regions; practices sustainable forest management.

Products and services

• Arboretum A 125,000 m² low-carbon office campus in Nanterre, the largest timber-built campus in Europe, featuring 5 wood buildings and rehabilitated industrial structures within a 9-hectare private park. Targeted at large enterprise occupiers.
• Marcadet Belvedere A 31,400 m² urban regeneration project in Paris 18th arrondissement combining restructuring of an existing base with a new CLT timber superstructure, including 4,000 m² of vegetated spaces and 2,700 m² of student housing.
• Breizh A 35,000 m² mixed-use low-carbon office building in Saint-Denis featuring CLT timber construction, with GRDF headquarters (23,500 m²) and a business hotel (11,500 m²) pre-purchased by RIVP.
• La Traversée A 16,670 m² office renovation project in Clichy on the former BIC factories site, achieving the first BBCA Rénovation Excellent label in France through low-carbon renovation techniques.
• WoodWork A 9,400 m² seven-story CLT timber office building in Saint-Denis featuring 1,200 m² of vegetated terraces and balconies, designed by Nicolas Laisné and Dimitri Roussel.
• 126 Leclerc A CLT timber vertical extension and renovation of a 1964 Bernard Zehrfuss building in Boulogne-Billancourt, featuring 1,450 m² of offices and coworking space operated by Spaces (IWG).
• W2 Ressources WO2's forestry subsidiary operating forest domains in Ardèche (160 hectares), Drôme (200 hectares), and Poitou, managed under continuous cover forestry practices without clear-cutting. Provides sustainable timber supply and carbon offset capacity.
• ICAWOOD Fund (MOD Services) Delegated project owner (Maître d'Ouvrage Délégué, MOD) services for the €750 million ICAWOOD investment fund, developing low-carbon office buildings in Greater Paris on behalf of ICAMAP and Ivanhoé Cambridge.
• AMO (Assistant à Maître d'Ouvrage) Advisory Services Assistant to Project Owner (AMO) services for complex real estate restructuring projects, advising on technical, financial, legal, and architectural aspects — exemplified by WO2's advisory role on the Tour Montparnasse restructuring.

Quantifiable outcome

• 48% reduction in lifecycle carbon emissions vs traditional construction (Arboretum: 663 kgCO2eq/SU vs 1,260 kgCO2eq/SU baseline)
• +7 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered major, minor and core.

• Stora EnsomajorTechnology or IntegrationWO2 has a technology partnership with pan-European group Stora Enso for the supply of CLT mass timber materials. Stora Enso provides the engineered wood products used in WO2's proprietary construction system.
• PiveteaumajorTechnology or IntegrationWO2 has a technology partnership with French industrialist Piveteau for the supply of CLT mass timber. Piveteau supplies engineered wood materials as part of WO2's low-carbon construction supply chain.
• BBCA (Association pour le Développement du Bâtiment Bas Carbone)majorStrategic or Co-development PartnerWO2 is a founding member of the BBCA Association. WO2's projects are all labeled BBCA Excellent, the highest level of certification. WO2 contributed to the BBCA Rénovation label development and the Decarbonation guide published at SIBCA.
• CSTB (Centre Scientifique et Technique du Bâtiment)majorTechnology or IntegrationCSTB validated 6 ATEx (Appréciation Technique d'Expérimentation) for WO2's proprietary CLT construction solutions. CSTB is France's primary scientific and technical body for construction innovation.
• Pro SylvaminorStrategic or Co-development PartnerWO2's forestry subsidiary W2 Ressources manages its forest holdings according to Pro Sylva's recommendations for 'sylviculture mélangée à couvert continu' (mixed continuous cover forestry), promoting sustainable forest management without clear-cutting.
• FSC (Forest Stewardship Council)minorStrategic or Co-development PartnerWO2 sources wood from FSC-certified forests, ensuring long-term forest management planning and social/economic wellbeing considerations. FSC certification ensures traceability of materials.
• PEFC (Programme for the Endorsement of Forest Certification)minorStrategic or Co-development PartnerWO2 sources wood from PEFC-certified forests as part of its commitment to sustainable sourcing. PEFC certification ensures independent verification of sustainable forest management.
• Leclercq AssociésmajorStrategic or Co-development PartnerLeclercq Associés (François Leclercq) is the lead architect on the Arboretum project and collaborated on La Traversée renovation. The firm works with WO2 on the design and execution of major low-carbon office developments.
• WoodeumcoreStrategic or Co-development PartnerWoodeum is the residential subsidiary of WO2, developing low-carbon residential projects. Altarea Cogedim acquired 50% of Woodeum in 2019. In 2023, WO2 sold its remaining residential business to Altarea.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Nexity: Largest French integrated real estate developer covering residential, offices, and services. Serves as the broad incumbent reference point for WO2 in Grand Paris office development, though Nexity's portfolio is mostly conventional rather than low-carbon specialist.
• Altarea Cogedim: Major diversified French real estate developer that acquired WO2's residential subsidiary Woodeum in 2023. Operates across residential, offices, retail, and mixed-use, providing a relevant incumbent comparison for low-carbon residential/office crossover.
• Vinci Immobilier: Real estate development subsidiary of VINCI Group, one of France's largest construction conglomerates. Comparable as a broad French real estate developer with significant residential and office activity in Grand Paris.
• Eiffage Immobilier: Real estate development arm of Eiffage Group, a major French construction and concessions group. Comparable as a large incumbent French real estate developer active in residential and offices in Île-de-France.
• Kaufman & Broad: Major French homebuilder and residential developer (subsidiary of Poxel). Comparable as a scaled French real estate player in the broader residential/office development market, though primarily focused on for-sale housing.
• Icade: Listed French real estate company with large office and healthcare property portfolios, owned by Caisse des Dépôts. Comparable as a major French office developer, though Icade's existing portfolio is being repositioned toward lower-carbon assets at scale.
• Covivio: European office, residential, and hotel real estate operator with a significant Paris office portfolio. Comparable as a large-scale institutional French office player exposed to the same Grand Paris enterprise tenant base as WO2.
• Gecina: Leading French office and residential REIT (predominantly prime Paris offices). Comparable as an institutional office real estate holder in the same Grand Paris submarket where WO2 develops its low-carbon projects.

Emerging players

• Trecobat: French regional homebuilder that has invested in low-carbon construction techniques and bio-sourced materials. Comparable as an emerging player in the French low-carbon residential market, with partial overlap to WO2's historical Woodeum operations.

Direct peers

• GA Smart Building: French construction and real estate developer specializing in low-carbon, bio-sourced buildings. Closest direct peer to WO2 in the French market, with similar focus on environmental performance and integrated engineering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/WO2immo
• YouTubeyoutube.com/channel/UC7Ai7hcm3T2rHPEvR_xSkew
• LinkedInlinkedin.com/company/woo2
• Instagraminstagram.com/wo2paris

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 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 WO2