Crosswood

What Crosswood does

Crosswood SA is a French publicly listed real estate investment holding company (Société Anonyme, RCS Paris B 582 058 319) headquartered at 8 rue de Sèze, 75009 Paris, trading on Euronext Paris (Compartment C, ticker CROS) and eligible for French PEA and PEA-PME savings accounts. Following a 2024 strategic refocus, the company's portfolio is now dominated by a single core asset: a 35.10% equity stake in SCBSM (Société d'Investissement Immobilier Cotée), itself a listed real estate investment company on Euronext. At December 31, 2024, the SCBSM participation was valued at €90.4M (95.29% of the total €94.9M portfolio) under the equity method at €19.10 per share, with residual direct real estate holdings — three chalets in Praz-sur-Arly (Haute-Savoie) and a volume under a construction lease (bail à construction) in Champigny-sur-Marne — accounting for the remaining €4.5M (4.71%). Liquidation NAV (net of tax) stood at €7.87 per share versus €7.45 per share one year earlier, and at €4.12 per share on a market-value basis for the SCBSM stake as of April 15, 2025.

The business model is that of a passive-to-active listed real estate vehicle rather than an operating company: Crosswood does not sell products or services to external customers and does not disclose a top-line revenue figure. Earnings derive from its pro-rata share of SCBSM results (equity method) and from rental/asset cash flows on its residual direct properties. Cross-sell, pricing, and GTM mechanics are not applicable; shareholder communication is conducted through regulated press releases (distributed via Actusnews), the corporate website (crosswood.fr), and a free shareholder email alert service. The company is run by a very small team (1–10 employees, per firmographic data) led by Jacques Lacroix as Président–Directeur Général, with no disclosed parent company and dispersed public ownership.

Corporate history includes a December 2014 merger absorption of Compagnie Financière de Brocéliande by Bois et Manche and a 2008 participation in SCBSM's ABSA bond issuance. Note: a financial table provided in the input data shows revenue in the hundreds of billions of USD, which is inconsistent with Crosswood's €94.9M portfolio valuation and is treated as data mis-attribution; analysis below relies on firmographic and portfolio data from company-aligned sources.

Name

Crosswood

Legal name

CROSSWOOD SA

Website

https://crosswood.fr

Company type

Public

Operating status

Operating

Headcount range

1–10 employees

Short description

Crosswood SA is a French Euronext-listed real estate investment holding company whose portfolio is concentrated in a 35.10% stake in SCBSM (a listed real estate vehicle), complemented by a small set of direct chalet and construction-lease properties in France.

Ownership category

akta.pro rank

Product category

Real Estate Investment

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Real estate investment
• Listed property vehicle
• Property asset management
• Equity stake management
• SIIC equivalent holding

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Investment Income: Crosswood generates revenue primarily through its 35.10% stake in SCBSM (Société d'Investissement Immobilier Cotée), a listed real estate investment company. The company also holds direct real estate assets including 3 chalets in Praz sur Arly and a volume under bail à construction in Champigny-sur-Marne.
2. Real Estate Asset Management: Management of direct real estate assets including rental income from properties in Praz sur Arly and Champigny-sur-Marne.

Distribution channels1 record

Marketing channels3 records

Core offering

Crosswood is a publicly listed French real estate investment holding company (Société Anonyme) that manages a portfolio comprising a 35.10% strategic stake in SCBSM (Société d'Investissement Immobilier Cotée, valued at €90.4M) and direct real estate assets including three chalets in Praz sur Arly and a construction lease volume in Champigny-sur-Marne (€4.5M). Following the 2024 sale of its Republic 2000 shopping center, the company operates as a focused investment vehicle whose shares trade on Euronext Paris under the ticker CROS, providing shareholders with regulated, liquid exposure to French listed real estate assets and transparent NAV reporting.

Product overview

Crosswood is a unified real estate investment holding company (société de placement immobilier) that operates as a single integrated investment vehicle rather than a platform architecture. The company manages two core assets: (1) a 35.10% participation in SCBSM (Société d'Investissement Immobilier Cotée), and (2) direct real estate holdings. Following the 2024 sale of its main real estate asset (Republic 2000 shopping center in Champigny-sur-Marne), the company has repositioned as a holding focused primarily on its SCBSM stake. Total portfolio valuation was 94.9 M€ as of December 31, 2024, with the SCBSM participation representing 95.29% of assets and direct real estate representing 4.71%.

Differentiator

Problem solved

Functional benefit

Products and services

• SCBSM Participation Management Strategic equity stake held in SCBSM (Société d'Investissement Immobilier Cotée), a publicly listed French real estate investment company on Euronext Paris; valued at €90.4M as of December 31, 2024 and representing the dominant share of Crosswood's portfolio. For shareholders and investors in Crosswood.
• Direct Real Estate Assets Direct ownership and management of physical real estate properties, comprising three chalets in Praz sur Arly and a construction lease volume in Champigny-sur-Marne; total value €4.5M as of December 31, 2024. For shareholders seeking direct property exposure alongside the listed SCBSM stake.

Quantifiable outcome

• Portfolio valuation increased through asset optimization and strategic participation management

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• SCBSM (Société d'Investissement Immobilier Cotée)coreStrategic or Co-development PartnerCrosswood holds 35.10% of SCBSM's capital (excluding self-control). SCBSM is a listed real estate investment company on Euronext Paris. Crosswood's portfolio is primarily composed of this participation, valued at 90.4 M€ representing 95.29% of total assets as of December 31, 2024.

Scale indicators7 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Covivio: European REIT (SIIC) with French, German, Italian, and Iberian real estate exposure. Comparable as a French listed real estate investment structure though at significantly larger scale.
• Klépierre: Major European REIT (SIIC) focused on shopping centres. Comparable as a French/European listed real estate investment vehicle, though at a much larger scale than Crosswood.
• Icade: French SIIC with healthcare, office, and residential real estate. Comparable as a French listed real estate investment vehicle, though much larger and structurally different.
• Mercialys: French SIIC focused on shopping centres and a Casino Group affiliate. Comparable as a French listed real estate investment company, though larger and more retail-focused than Crosswood's indirect exposure.
• Altarea: French listed real estate group with activities across retail, residential, offices, and logistics. Comparable as a French listed real estate investment / developer even though larger and more diversified than Crosswood.
• Gecina: Large French SIIC focused on prime Paris office and residential real estate. Comparable as a French listed real estate investment company with similar disclosure and tax regime, though at much larger scale.

Direct peers

• Patrimoine et Commerce: Small-cap French SIIC focused on retail park assets around €300-400M. Comparable as a similarly sized listed French real estate investment vehicle with comparable transparency and PEA eligibility.
• SCBSM: Société d'Investissement Immobilier Cotée listed on Euronext Paris. Crosswood holds 35.10% of SCBSM, making it the dominant shareholder and the closest direct comparable in terms of public, French real estate investment structures; Crosswood is effectively a holding vehicle for SCBSM exposure.
• Frey: French SIIC specialising in retail parks and open-air shopping centres. Comparable as a small/mid-cap listed French real estate investment company with PEA eligibility and a comparable investor proposition.

Emerging players

• Tikehau Capital: French-listed alternative asset manager with real estate strategies. Comparable as a French publicly listed investment entity with overlapping investor base and PEA eligibility, though operating as a manager rather than a direct real estate holder.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

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 Crosswood