Realites
REALITES is a French territorial real estate developer (founded 2003, Euronext Growth: ALREA) that conceives and delivers mixed-use urban projects — housing, offices, retail, sports, and social infrastructure — across seven French regions and Morocco, serving local governments, institutional investors, and individual buyers through integrated promotion, off-site low-carbon construction (Mayers), and social infrastructure (REALITES Life+).
- Company typePublic
- Founded2003
- HeadquartersSaint-herblain, France
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Realites does
REALITES S.A. is a French territorial real estate developer founded in 2003 and publicly listed on Euronext Growth Paris (ticker ALREA), headquartered in Saint-Herblain with a postal address in Bourges Cedex. The company conceives, finances, and delivers mixed-use urban development projects — combining residential, office, retail, hospitality, sports, educational, and social infrastructure — in partnership with local governments (collectivités territoriales), institutional investors (notably Banque des Territoires), social housing operators (Espacil Habitat, AXENTIA), and individual buyers. Its portfolio spans seven French regions (Île-de-France, Pays de la Loire, Bretagne, Nouvelle-Aquitaine, Grand Est, Hauts-de-France, Centre-Val de Loire) plus Morocco (Casablanca), with flagship projects including the Bauer district in Saint-Ouen-sur-Seine (10,000-seat stadium plus 30,000 m² of mixed-use space), the Uptown Casa Anfa urban development (87,000 m²) and the Hôtel Lincoln (sold June 2025) in Casablanca, and the Movies digital/creative hub in Cesson-Sévigné. Revenue is recognized transactionally upon notarial deed signing on the units sold.
The group operates through wholly-owned subsidiaries that form an integrated value chain: Mayers (off-site 3D modular low-carbon construction using biosourced materials), REALITES Life+ (human-centered project management for social and inclusion-oriented projects), REALITES MAROC (Moroccan operations), and the divested LWS Hospitality (student residences, coliving and hospitality, sold via LMBO in January 2025). REALITES is positioned as the first carbon-neutral territorial developer in France since January 2022, with a 41% carbon intensity reduction target by 2031, RE2020 compliance, and zero net land artificialisation (ZAN) by 2026. Certifications and environmental credentials include BPI France/ADEME Coq Vert community membership and BREEAM/HQE/E+C- certifications on specific projects such as IKOM.
REALITES generates revenue primarily through one-time transactional sales of developed real estate units (residential, commercial, and mixed-use), with additional recurring revenue from managed usage-solution platforms (student residences, hospitality). The company underwent a deep restructuring beginning in 2024 in response to the French real estate crisis: conciliation procedure (September 2024), judicial reorganization entry (February 2025), recovery plan approval (January 2026), and debt-to-equity conversion launched April 2026. Operational simplifications included the divestiture of LWS Hospitality (January 2025) and the Hôtel Lincoln (June 2025), the sale of the IKOM building for €56M (November 2023), and the restart of the Bauer project (February 2025). FY2023 revenue was €402M (+15%); S1 2024 revenue declined to €125M from €180.2M in S1 2023, reflecting the broader market downturn that precipitated the restructuring.
Realites firmographics
Firmographics- Name
- Realites
- Legal name
- REALITES
- Website
- https://realites.com
- Company type
- Public
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- REALITES is a French territorial real estate developer (founded 2003, Euronext Growth: ALREA) that conceives and delivers mixed-use urban projects — housing, offices, retail, sports, and social infrastructure — across seven French regions and Morocco, serving local governments, institutional investors, and individual buyers through integrated promotion, off-site low-carbon construction (Mayers), and social infrastructure (REALITES Life+).
- Ownership category
- akta.pro rank
Realites industry classification
Industry- Product category
- Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), Land Subdivision (23721), Real Estate Property Managers (53131)
- SIC
- Operative Builders (1531), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
- akta.pro secondary industry
- New Construction & Builder Sales (BPAJAAAB)
Keywords
Where Realites is headquartered
LocationHeadquarters
- HQ city
- Saint-herblain
- HQ country
- France
- HQ region
- Europe
Offices5 records
Markets served
Realites business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Real Estate Development and Property Sales: REALITES generates revenue by developing and selling residential, commercial, and mixed-use real estate units. Revenue is recognized upon completion and notarial deed signing (acte authentique). The company had revenue of 402M€ in 2023 and over 400M€ in 2024 (new perimeter), with 531M€ in reservations and 476M€ in signed acts in 2023. The primary model is one-time transactional revenue per unit sold.
- Asset Disposal and Business Divestitures: REALITES generates cash through the sale of subsidiaries (e.g., LWS Hospitality via LMBO in January 2025) and asset disposals (e.g., Hôtel Lincoln in Casablanca, IKOM building sold to Fondation CentraleSupélec for 56M€). These strategic divestitures support the group's restructuring and rebound plan.
- Usage Solutions and Hospitality Management: Through subsidiaries and usage-solution platforms, REALITES manages and operates built environments — student residences, coliving, hospitality — generating recurring management fees and operational revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | B2G and B2B project-based pricing for public-private and private developments |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Realites product offering
Product offeringCore offering
REALITES is a French territorial real estate developer that conceives, finances and delivers mixed-use urban projects — including residential, commercial, hospitality, sports, student and social infrastructure — in partnership with public and private stakeholders. Its offering spans land development, design, low-carbon construction (via the Mayers off-site subsidiary), and post-delivery usage solutions such as student residences, coliving and hospitality management, sold or delivered to local governments, institutional investors and private buyers.
Product overview
REALITES is a French real estate developer operating since 2003 that designs and manages real estate projects in partnership with public and private stakeholders. The company's core offering is organized around real estate promotion (residential, commercial, mixed-use), solution-led usage models through its subsidiaries, and a portfolio of landmark development projects. Key flagship projects include the mixed-use Bauer district (stadium renovation + 30,000 m² of commercial/residential space in Saint-Ouen), Uptown Casa Anfa (87,000 m² mixed-use urban development in Casablanca), Movies (16,000 m² digital/innovation hub in Rennes), and Hôtel Lincoln (renovation in Casablanca). Completed residential projects include Unik, Origami, Chromosome, Heka, Ikom, Amplitude & Les Allées Amplitude, and CELESTE. The company also develops social infrastructure such as the MECS children's home in Angers. The product portfolio spans across France and Morocco, covering housing, offices, hotels, student residences, retail, sports facilities, and educational/cultural spaces.
Differentiator
Problem solved
Functional benefit
Products and services
- Bauer Mixed-Use District
- Uptown Casa Anfa
Quantifiable outcome
- 402M€ revenue and positive net income in FY 2023 despite a severely degraded real estate market
- +5 more outcomes
Companies that use Realites
Customer profileNamed customers13 records
Segments4 records
Realites technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Realites partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered divested, major and core.
- LWS Hospitality (Management / PM Développement)divestedLWS Hospitality was a REALITES subsidiary operating student residences, franchised hotels, coliving, and rental management. On January 7, 2025, REALITES completed the sale (LMBO) of LWS Hospitality to its management team led by Philippe Menguy, alongside private funds and a banking pool. This divestiture is part of REALITES' strategic repositioning and rebound plan.
- Action Logement ImmobiliermajorREALITES signed a partnership with Action Logement Immobilier, a major player in French corporate housing policy, to develop housing solutions for employees and job seekers, aligning with Action Logement's mission to facilitate access to affordable housing.
- TODD INTERESTSmajorAmerican real estate investment firm TODD INTERESTS engaged in exclusive negotiations to potentially acquire the Bauer project in 2024. Negotiations ended without exclusivity in September 2024, and the project continued under REALITES' management.
- Fondation CentraleSupélecmajorFondation CentraleSupélec acquired the IKOM office building in Paris from REALITES for 56M€ in November 2023. IKOM is a 5,824 m² building in Gentilly designed to serve educational and institutional excellence purposes.
- Espacil HabitatmajorEspacil Habitat (social housing provider), REALITES, and MAYERS partnered to develop innovative, off-site, affordable housing for seasonal workers and young active professionals in western France. The partnership leverages Espacil's housing management expertise, REALITES' development skills, and MAYERS' modular construction technology.
- Chaire REALITES x AudenciacoreREALITES co-founded an academic chair with Audencia Business School focused on urban innovation, sustainable city development, and biodiversity. The chair organizes conferences (e.g., 'Ville et Biodiversité') and produces research on urban transformation topics.
- BPI France / ADEME (Coq Vert Community)coreREALITES joined the Coq Vert community launched by BPI France in partnership with ADEME and the French Ministry of Ecological Transition. The community brings together 1,600+ companies committed to climate action and energy transition. Membership provides peer learning, best practice sharing, and visibility for REALITES' environmental credentials.
- MAYERScoreMAYERS is a REALITES subsidiary specialized in off-site, low-carbon modular construction. It contributes to REALITES' construction projects (including the MECS Angers and seasonal housing solutions) by delivering high-performance, sustainable building solutions using 3D modular techniques.
- REALITES Life+coreA REALITES subsidiary dedicated to human-centered project management (maîtrise d'ouvrage au service de l'humain), focused on social inclusion and mixity. It developed the MECS Angers project and other socially-focused developments.
- AXENTIAmajorAXENTIA, an Entreprise Sociale pour l'Habitat, partnered with REALITES to develop the MECS Angers project, contributing its expertise in social housing development and facility management for vulnerable populations.
- Spie BatignollesmajorSpie Batignolles is a major construction firm and key operational partner on the Bauer Box project in Saint-Ouen-sur-Seine, responsible for building construction works alongside other partners (Rinaldi, Lefort-Francheteau, Cegelec, KONE).
- HERAULT & ARNOD (Architecture)majorArchitecture firm HERAULT & ARNOD co-designed the Movies project in Cesson-Sévigné, contributing to its innovative architectural quality that earned recognition from the Fédération des Promoteurs Immobiliers.
- TETRARC (Architecture)majorArchitecture firm TETRARC co-designed the Movies project in Cesson-Sévigné alongside HERAULT & ARNOD, focusing on the relationship with the natural environment and innovative architectural language.
- SCAU / Clément Blanchet ArchitecturemajorArchitecture firms SCAU and Clément Blanchet partnered with REALITES to design the Bauer stadium renovation and mixed-use project in Saint-Ouen-sur-Seine, winning the Grand Prix 'Imaginons la Métropole du Grand Paris' in 2019.
Scale indicators15 records
Recent moves12 records
Expansion highlights6 records
Realites competitors and assessment
Company assessmentDirect peers
- Altarea: French real estate developer with mixed-use and retail-residential focus, including logistics and office segments. Comparable to REALITES in its mixed-use urban development approach and French listed-developer profile.
- Vinci Immobilier: Real estate subsidiary of Vinci Group, developing residential, serviced residences, and commercial real estate across France. Comparable to REALITES in for-sale housing and urban regeneration focus.
- Kaufman & Broad: French single-family home and apartment developer with a national footprint. Directly comparable as a for-sale residential developer with similar product mix and customer base in metropolitan France.
- Eiffage Immobilier: Real estate development arm of Eiffage Group active in residential, office, and mixed-use projects. Operates with similar vertical integration through Eiffage Construction, comparable to REALITES' relationship with Mayers.
- Nexity: France's largest residential real estate developer, operating across new construction (housing, offices), property management, and real estate services. Nexity is the most direct peer given its comparable scale, French geographic focus, and mixed-use development activity.
- Bouygues Immobilier: Major French residential and commercial property developer and a subsidiary of Bouygues Group. Competes with REALITES across new housing for-sale, mixed-use developments, and large-scale urban regeneration projects in France.
Regional players
- Spie Batignolles: Major French construction group active in real estate, infrastructure, and energy. Already a key operational partner on REALITES' Bauer Box project; comparable as a French construction-and-development player with regional embeddedness.
Others
- Espacil Habitat: Social housing provider in western France that partnered with REALITES and Mayers on seasonal worker and young active housing. Comparable as a developer-adjacent actor in the same geographic and product niches (social/affordable housing).
- Action Logement Immobilier: France's largest social housing operator, partnered with REALITES on affordable housing solutions. Listed as a partner, they are adjacent as a major institutional buyer/partner of comparable French developer activity.
Broad incumbents
- Icade: French real estate company combining property development (residential, offices) and REIT/asset management activities. Listed on Euronext Paris. While broader in scope than REALITES, comparable as a French developer with public sector exposure and ESG positioning.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Realites social profiles
Digital presenceRealites financial estimates
Financial estimateRevenue estimate
Valuation estimate
Realites leadership team
Management profileNumber of profiles
Profiles5 records
Realites subsidiaries and ownership
Company hierarchySubsidiaries5 records
Realites funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Realites M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Realites
What does Realites do?
REALITES is a French territorial real estate developer that conceives, finances and delivers mixed-use urban projects — including residential, commercial, hospitality, sports, student and social infrastructure — in partnership with public and private stakeholders. Its offering spans land development, design, low-carbon construction (via the Mayers off-site subsidiary), and post-delivery usage solutions such as student residences, coliving and hospitality management, sold or delivered to local governments, institutional investors and private buyers.
Is Realites a public or private company?
Realites is a public company. It is classified as public and is currently operating.
When was Realites founded?
Realites was founded in 2003. It employs 251 to 500 people.
Where is Realites based?
Realites is headquartered in Saint-herblain, France, in the Europe region.
How does Realites make money?
Three revenue lines are on record. Real Estate Development and Property Sales are the primary driver. The others are asset Disposal and Business Divestitures and usage Solutions and Hospitality Management.
Who are Realites's main competitors?
Direct peers on record are Altarea, Vinci Immobilier, Kaufman & Broad, Eiffage Immobilier, Nexity and Bouygues Immobilier. Spie Batignolles is listed as a regional player. Others are Espacil Habitat and Action Logement Immobilier. Icade is listed as a broad incumbent.
Does Realites have an API?
No public API is recorded for Realites.
What industry is Realites in?
Realites's product category is Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of BPAJAAAB, New Construction & Builder Sales. Its NAICS code is 236117 and its SIC code is 1531.