Altarea

What Altarea does

Altarea is a French publicly-listed real estate group (Euronext Paris: ALTA, since 2004) and self-described leader in low-carbon urban transformation, generating EUR 2,075.6 million in 2025 revenue across 1,655 employees. The group operates a multi-business, multi-brand platform spanning residential development (Cogedim), commercial real estate (Altarea Commerce, including retail parks such as Family Village, Qwartz, Bercy Village, and Cap 3000), enterprise and office real estate (Altarea Entreprise), logistics platforms (Altarea Logistique), heritage rehabilitation (Histoire & Patrimoine), photovoltaic and agrivoltaic renewable energy (Altarea Energies Renouvelables), real estate asset management via SCPI funds (Altarea Investment Managers), and a sovereign French data center network (Nation Data Center, targeting 15 implantations by 2030). The headquarters at 87 rue de Richelieu in Paris houses roughly 1,300 of the group's collaborators and serves as a showcase of its urban regeneration expertise, with 73.9% of 2025 revenue aligned with the European taxonomy.

The group earns revenue across multiple models: one-time recognition on residential and property development deliveries (Cogedim, Altarea Commerce, Altarea Entreprise), recurring rental income from owned retail, logistics, and enterprise assets (EUR 184.7 million for the nine months ending September 2024), subscription-style asset management fees from SCPI products such as Alta Convictions (EUR 121 million capitalization as of March 31, 2025), recurring data center colocation and hosting services from Nation Data Center (operational at NDC Rennes 1 with 30% energy reduction versus conventional design and 99.99% availability), and usage-based renewable energy generation through rooftop photovoltaics, parking canopies, and agrivoltaics. Distribution relies on direct enterprise field sales targeting large corporations (Orange, Kering, Mercedes-Benz, Ashurst), institutional investors (Allianz historical headquarters site, CDC Investissement Immobilier, EDF Invest), and government entities (ANSSI at Campus Cyber), with branded sub-businesses owning their respective go-to-market motions and channel partnerships with Vantage Data Centers, RATP Travel Retail, and SNCF Gares & Connexions extending reach.

Operationally, the group is headquartered in France with international presence in Italy and Spain under Managing Director Simone Maltempi and Spanish operations, and is led by founder and Chairman Alain Taravella alongside Group CEO Edward Arkwright. Recent strategic posture emphasizes a deliberate pivot toward digital infrastructure (Vantage Data Centers partnership for 400MW Bordeaux campus, February 2026) and renewable energy (acquisition of Préréjeance Industrial from Repsol, July 2024) while divesting non-core operations such as the Senior Services Residences business (exclusive negotiations with Stella Management, December 2025) and pursuing public-private partnerships in transit-oriented retail (Grand Paris Express, Austerlitz station).

Name

Altarea

Legal name

ALTAREA

Website

https://altarea.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Altarea is a publicly-listed French real estate group operating a multi-brand platform spanning residential, commercial, enterprise, logistics, heritage rehabilitation, renewable energy, asset management, and sovereign data centers, with EUR 2.08 billion in 2025 revenue and a stated leadership position in low-carbon urban transformation across France, Italy, and Spain.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Nonresidential Property Managers (531312), Real Estate Property Managers (53131)

SIC

Operators Of Nonresidential Buildings (6512), Lessors Of Real Property, Nec (6519), Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Office Real Estate Asset Management (BPAJAMAG)

Keywords

• Commercial real estate development
• Residential property development
• Asset management services
• Data center operations
• Renewable energy infrastructure

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development & Property Sales: Altarea generates revenue through the development and sale of residential (Cogedim), commercial (Altarea Commerce), enterprise real estate (Altarea Entreprise), and mixed-use urban projects. This includes new-build housing, retail spaces, office buildings, logistics platforms, and entire neighborhoods developed through urban regeneration programs. Revenue is recognized on a project-by-project basis as properties are delivered.
2. Rental Income from Asset Portfolio: Rental revenue from owned commercial, enterprise, and logistics real estate assets. For the nine months ending September 2024, rental revenue amounted to EUR 184.7 million. Revenue is recurring in nature, derived from long-term lease agreements with tenants across retail, logistics, and enterprise segments.
3. Asset Management Fees (SCPI Funds): Altarea Investment Managers generates fees from managing SCPI (Société Civile de Placement Immobilier) funds such as Alta Convictions (EUR 121M capitalization as of March 2025), including management fees, entry fees, and share price revaluations.
4. Data Center Colocation and Hosting Services: Nation Data Center generates revenue from colocation services (private cages, dedicated rooms, storage spaces, high power density), IT hosting, and managed services across its sovereign French data center network. Services include meet-me-room connectivity, on-site proximity support, and bespoke hosting solutions.
5. Renewable Energy Generation & Services: Altarea Energies Renouvelables develops and operates photovoltaic installations on rooftops, parking ombrières, agricultural buildings, and data center sites. Revenue is derived from energy production contracts, sale of electricity, and long-term power purchase agreements.
6. Senior Services Residence Management: Prior to divestment negotiations, Altarea operated and managed senior living residences through its Senior Services division. This included development and management of residences serving the aging demographic, with management fees constituting a recurring revenue stream.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

Altarea is France's leading low-carbon urban transformation group, developing and managing a diversified real estate portfolio through specialized brands spanning residential (Cogedim), commercial retail (Altarea Commerce), enterprise offices (Altarea Entreprise), heritage rehabilitation (Histoire & Patrimoine), logistics platforms (Altarea Logistique), renewable energy (Altarea Energies Renouvelables), asset management via SCPI funds (Altarea Investment Managers), and sovereign French data centers (Nation Data Center). The Group operates an end-to-end model from conception through development, commercialization, and asset management across residential, commercial, enterprise, logistics, digital infrastructure, and energy sectors.

Product overview

Altarea is France's leading low-carbon urban transformation group offering the most comprehensive real estate portfolio. The group operates through multiple specialized brands: Altarea Commerce (retail development, investment and asset management), Altarea Entreprise (business real estate in Ile-de-France), Cogedim (residential development), Histoire & Patrimoine (heritage property rehabilitation), Altarea Energies Renouvelables (photovoltaic solutions), Altarea Logistique (logistics platforms), Altarea Investment Managers (real estate savings products), and Nation Data Center (sovereign data center network). Each brand represents a distinct business line with recognized expertise, together covering the full spectrum of urban transformation needs from housing and commerce to logistics, renewable energy, and digital infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• Cogedim (Residential Real Estate Development) Essential reference for new residential real estate in France, deploying quality housing accessible to all market segments, including housing, mixed-use projects, and senior residences. Targets individual home buyers and residential investors across France.
• Altarea Commerce (Retail Real Estate Development and Asset Management) Developer, investor and asset manager of innovative commercial spaces including shopping centers and retail parks across France (Family Village, Qwartz, Bercy Village, L'Avenue 83, Cap 3000, Gramont, La Vigie). Targets retail brands and commercial tenants.
• Altarea Entreprise (Enterprise/Tertiary Real Estate Development) Designs and develops office buildings, business parks, and corporate headquarters tailored to new work usages, primarily in Île-de-France. Targets corporations and enterprises seeking bespoke office space and headquarters developments.
• Histoire & Patrimoine (Heritage Property Rehabilitation) Specialist in rehabilitation of old real estate with heritage character, renovating historic buildings including castles, industrial heritage sites, and classified monuments into residential apartments. Targets heritage-conscious buyers and public/private heritage stakeholders.
• Altarea Logistique (Logistics Platform Development) Develops last-generation logistics platforms contributing to local economic dynamism, including refrigerated warehouses and urban last-mile facilities. Targets logistics operators, retailers (e.g., Franprix), and businesses requiring modern logistics infrastructure.
• Altarea Energies Renouvelables (Renewable Energy Infrastructure) Develops and operates photovoltaic installations on rooftops, parking canopies (ombrières), agricultural buildings, and data center sites. Specializes in agrivoltaic solutions including the Vitivolt demonstrator. Generates revenue from energy production contracts, sale of electricity, and long-term power purchase agreements.
• Altarea Investment Managers (SCPI Real Estate Asset Management) Proposes performing real estate savings solutions through SCPI (Sociétés Civiles de Placement Immobilier) products. Manages SCPI Alta Convictions fund and similar real estate investment vehicles with periodic share revaluations. Targets individual and institutional investors seeking real estate-backed savings products.
• Nation Data Center (Sovereign French Data Center Network) First sovereign French data center network providing colocation services (private cages, dedicated rooms, storage spaces), IT hosting, meet-me-room connectivity, on-site proximity support, and bespoke managed services. ISO 27001 and HDS certified, ANSSI-aligned security. Targets hyperscale cloud providers, AI companies, and enterprises requiring sovereign French data hosting.

Quantifiable outcome

• 73.9% of 2025 revenue aligned to the European taxonomy, confirming leadership in low-carbon urban transformation
• +4 more outcomes

Named customers10 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered flagship, minor, major and core.

• Vantage Data CentersflagshipStrategic or Co-development Partner · 24 February 2026Altarea and Vantage Data Centers entered a strategic partnership to develop one of France's largest AI and cloud data center campuses near Bordeaux. Altarea contributes land ownership and a secured 400MW power connection with a French utility. Vantage Data Centers contributes global hyperscale data center development and operational expertise. The partnership marks Vantage's first entry into the French market and Altarea's expansion into data center infrastructure, serving hyperscale, cloud, and AI companies across Europe. Multiple sources confirm the announcement across businesswire, thefastmode, capacityglobal, telecompaper, financialpost, and yahoo on February 24, 2026.
• Terrena, Altarea Énergies Renouvelables, IFV, Maison Ackerman, LVVDminorStrategic or Co-development Partner · 1 January 2026The Vitivolt agrivoltaics demonstrator at Château La Varière (Val de Loire) is a multi-partner project including Terrena (agricultural cooperative), IFV (Institut Français de la Vigne et du Vin), Maison Ackerman (wine house), and LVVD. The project evaluates photovoltaic ombrières impact on viticulture while covering ~15% of the chai's electricity needs. Total investment of EUR 384,000, with 40% financed by Région Pays de la Loire.
• Stella ManagementmajorStrategic or Co-development Partner · 1 December 2025Altarea entered exclusive negotiations with Stella Management to divest its Senior Services Residences management division and establish a development partnership. The transaction involves Stella Management acquiring several senior residence operators and developing new residences. This aligns with Altarea's strategic focus on core real estate development activities while enabling Stella Management to strengthen its position in the senior living sector in France.
• EDF InvestcoreStrategic or Co-development Partner · 1 October 2025Altarea Commerce and EDF Invest formalized a strategic partnership around the Retail Park Espace Chanteraines, combining Altarea's retail park development and management expertise with EDF Invest's capital investment capabilities in commercial real estate.
• SNCF Gares & ConnexionscoreChannel Partner/ Reseller/ Distributor · 1 June 2025Altarea Commerce launched leasing for the Austerlitz Paris Rive Gauche project with SNCF Gares & Connexions, developing and commercializing retail spaces within the historic Austerlitz station building in Paris.
• OGICminorStrategic or Co-development Partner · 1 May 2025Cogedim collaborated with OGIC on the New G project (132-unit residential village in Paris 13e arrondissement), applying nudge principles to encourage eco-responsible behaviors and social connection among residents.
• RATP Travel RetailcoreChannel Partner/ Reseller/ Distributor · 1 March 2025Altarea Commerce and RATP Travel Retail won a joint tender to develop and operate retail spaces in Grand Paris Express stations. This partnership combines Altarea's commercial real estate development expertise with RATP's public transport infrastructure presence to create new retail environments at key transit nodes across the Greater Paris metropolitan area.
• CDC Investissement ImmobiliercoreStrategic or Co-development Partner · 1 March 2025Altarea Entreprise and CDC Investissement Immobilier unveiled 'Upper,' a new landmark office building project at Paris-Montparnasse. The partnership leverages CDC's public investment mandate with Altarea's commercial real estate development capabilities for a major mixed-use urban development.
• Habitat et HumanismeminorStrategic or Co-development Partner · 1 February 2025Altarea renewed its partnership with Habitat et Humanisme association in February 2025, continuing its commitment to affordable housing and social cohesion in French territories.
• Préjeance Industrial (acquired from Repsol)coreOthers · 1 July 2024In July 2024, Altarea S.A. acquired Préjeance Industrial from Repsol to strengthen its rooftop solar photovoltaic capabilities. The acquisition consolidates Altarea's renewable energy division and expands its capacity in distributed solar energy generation on commercial and industrial rooftops.

Scale indicators16 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Klépierre: Paris-listed retail real estate REIT and one of Europe's largest shopping-center owners. Directly comparable to Altarea Commerce's retail park and shopping center portfolio (Cap 3000, Qwartz, L'Avenue 83, etc.) with similar tenant mix and capital recycling model.
• Gecina: Paris-listed office-led real estate investment group operating in France. Comparable to Altarea Entreprise's office portfolio and asset management activities (SCPI), with similar institutional client base and central-business-district exposure.
• Icade: French real estate company combining commercial property investment, healthcare property, and development. Comparable to Altarea across enterprise real estate and asset management, with similar ESG/sustainability positioning (Icade is also taxonomy-aligned).
• Covivio: European REIT with French and Italian office, residential, and hotel assets. Comparable to Altarea's Italian operations (Altarea Italy managed by Simone Maltempi) and multi-segment office/enterprise focus; both operate mixed portfolios with similar geographic and asset-class breadth.
• Unibail-Rodamco-Westfield: Largest publicly traded European commercial real estate group focused on flagship shopping destinations. Comparable to Altarea Commerce on retail asset ownership, leasing, and ESG-led repositioning of large shopping centers across France and continental Europe.
• Nexity: France's largest residential and mixed-use real estate developer. Directly comparable to Altarea in residential (Cogedim), commercial, and enterprise segments across France, with overlapping customer sets (institutional investors, local authorities, end-buyers).

Broad incumbents

• Vinci Immobilier: Real estate development arm of the larger Vinci construction and concessions group. Comparable to Altarea on residential, commercial, and urban regeneration development, but Vinci Immobilier's scale and integration with construction give it a broader parent-incumbent advantage.
• Eiffage Immobilier: Real estate arm of Eiffage, the French construction and concessions group. Comparable to Altarea on residential, retail parks, and urban regeneration; smaller-scale but similar integrated developer model backed by a major construction parent.
• Bouygues Immobilier: Real estate subsidiary of Bouygues Group, covering residential (Logement), commercial (Entreprise), and urban regeneration. Directly comparable to Cogedim on residential and to Altarea Entreprise on commercial office development, while benefiting from the parent conglomerate's telecom and construction integration.

Emerging players

• Equinix: Global hyperscale and colocation data center operator and a potential competitor/partner for Nation Data Center. Comparable on data center business specifically (the segment targeted by Altarea's Vantage partnership); not a real estate peer but a relevant benchmark for the data center growth pillar.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/altarea_groupe
• YouTubeyoutube.com/channel/UCxVfc0coJQmSrItTft1rl_g
• LinkedInlinkedin.com/company/altarea-groupe

Compliance40 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles41 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Altarea