Vitura

What Vitura does

Vitura is a French real estate investment company operating as a SIIC (Sociétés d'Investissements Immobiliers Cotées), the French equivalent of a REIT, listed on Euronext Paris under ticker VITURA since March 2006 (originally as Cegereal, rebranded in February 2021). The firm specializes in premium office properties concentrated exclusively in the Greater Paris region, with a portfolio of approximately 170,000 sqm across locations including La Défense (Europlaza), Boulogne-Billancourt (Arcs de Seine), Rueil-Malmaison (Hanami campus), Charenton (Rives de Bercy), and the 16th arrondissement (Passy Kennedy, Office Kennedy, partially divested in July 2024). Portfolio valuation stood at €865 million (excluding transfer duties) at December 31, 2025, with a reported occupancy rate of 77%.

The company generates revenue through long-term commercial leases (weighted average remaining term of 6.3 years) with first-tier institutional tenants including BPCE Group (15,500 sqm at Rives de Bercy), KPMG France (12,600 sqm at Europlaza), the European Banking Authority, Crédit Foncier, Huawei, and Axens (15,800 sqm at Hanami). Reported annual rental income is €43.8 million, classified as recurring revenue. The portfolio is differentiated by 100% BREEAM In-Use and NF HQETM Exploitation environmental certification and a 37% reduction in energy use since 2013, supported by GRESB Global Sector Leader recognitions (2016, 2020, 2021) and EPRA Gold Awards (2016, 2017).

Northwood Investors, a US private equity firm, has been the controlling shareholder since acquiring 59.78% from Commerz Real in September 2015 and reaching 98.44% via a January 2016 tender offer. Vitura pursues an enterprise field-sales GTM executed at executive level via bespoke negotiations with corporate and government tenants, and is currently executing a portfolio repositioning strategy following the July 2024 sale of majority stakes in Passy Kennedy and Office Kennedy holding companies to a European asset manager.

Name

Vitura

Legal name

Vitura

Website

https://vitura.fr

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Vitura is a French SIIC-listed REIT on Euronext Paris that invests in and manages premium office properties in Greater Paris, generating recurring rental income from long-term leases with first-tier institutional and government tenants across a 170,000 sqm portfolio.

Ownership category

akta.pro rank

Product category

Commercial Real Estate (Office REIT)

NAICS

Lessors of Real Estate (5311), Rental and Leasing Services (532)

SIC

Real Estate Investment Trusts (6798), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Commercial real estate
• Office property leasing
• Premium office REIT
• Greater Paris office
• Sustainable office buildings

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Commercial Real Estate Rental Income: Vitura generates revenue through long-term commercial leases with institutional-grade tenants on its office properties. Revenue is recurring in nature with typical lease terms of 6-9 years, including fixed rent escalations. The company reported €43.8 million in rental income.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Vitura is a French real estate investment firm (SIIC/REIT) that owns, transforms, and manages a portfolio of premium office buildings in Greater Paris. The company generates revenue by leasing approximately 170,000 sqm of prime office space to large institutional tenants (banks, professional services firms, corporations, and government agencies) under long-term leases typically of 6-9 years. Portfolio properties include Arcs de Seine, Europlaza, Rives de Bercy, Hanami Campus, Passy Kennedy, and Office Kennedy, all certified for environmental performance.

Product overview

Vitura is a real estate investment firm (REIT) operating as a pure-play office property company in Greater Paris. The company offers a portfolio of premium office buildings including Arcs de Seine (Boulogne Billancourt), Europlaza (La Défense), Rives de Bercy, Hanami Campus (Rueil-Malmaison), Passy Kennedy, and Office Kennedy. These properties feature functional spaces, amenities, and services designed to create value for tenants, with a focus on sustainability and human-centric workplace design.

Differentiator

Problem solved

Functional benefit

Products and services

• Arcs de Seine

Quantifiable outcome

• 37% reduction in energy use since 2013
• +2 more outcomes

Named customers10 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Engie SolutionscoreStrategic or Co-development Partner · 22 February 2022Engie Solutions partnered with Vitura to provide geothermal energy for the Hanami campus. The partnership connects the Hanami campus to a geothermal network that uses renewable and low-carbon heat, supporting Vitura's sustainability objectives.

Scale indicators9 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Covivio: European office REIT with significant Paris exposure and ESG-focused portfolio. Comparable business model focused on prime office assets leased to large institutional tenants across France, Italy, and Germany.
• Société Foncière Lyonnaise: French office REIT listed on Euronext Paris focused on prime office real estate in the Paris CBD. Closely comparable business model of long-term leased prime Paris office space to blue-chip tenants.
• Gecina: France's largest pure-play office REIT, listed on Euronext Paris. Directly comparable to Vitura as a French office landlord targeting prime Paris office assets and institutional tenants.
• Colonial: Spanish REIT (SOCIMI) focused on prime office assets in Paris, Madrid, Barcelona, and Lisbon. Compares to Vitura as a pure-play European office REIT with prime Paris exposure and blue-chip tenant base.
• Icade: French REIT (SIIC) with significant office segment exposure in Greater Paris. Comparable as a French-listed REIT focused on office and business parks with institutional-grade tenants.
• CA Immobilien Anlagen: Austrian-listed office specialist with German/Austrian portfolio focus. Comparable as a European pure-play office REIT focused on grade-A space and long-lease institutional tenants.

Emerging players

• Deka Immobilien: German real estate investment manager focused on European institutional real estate including office. Comparable in managing institutional-grade office portfolios with ESG focus across major European markets.

Broad incumbents

• Klépierre: Major European REIT listed on Euronext Paris with continental retail focus but historically exposure to office assets. Comparable as a French-listed European REIT serving institutional investors.
• Unibail-Rodamco-Westfield: One of Europe's largest REITs with significant office and retail exposure. While primarily retail-focused, its prime-locations strategy and French/European institutional investor base share characteristics with Vitura's institutional positioning.

Regional players

• Patrimoine et Commerce: Smaller French SIIC focused on retail assets in secondary locations. While primarily retail rather than office, comparable as a French-listed SIIC REIT subject to similar regulatory framework and investor base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Vitura_
• LinkedInlinkedin.com/company/wearevitura

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 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 Vitura