Opale

What Opale does

Opale is a private real estate developer (SAS, share capital €300,000) headquartered in Le Port, La Réunion, France, operating across the full real estate value chain from land acquisition and design through permitting, construction oversight, and delivery. Founded around 2009 with 11-50 employees, the company develops residential, commercial, mixed-use, hotel, senior, and student properties on the island, executing projects such as the Kerveguen office building (Le Port, 2015), FIDUCIAL turnkey offices (Saint-Denis, 2017), the multi-phase Innovespace Concorde business park (~11,000 m², 2019-2022), and the KARAVEL senior residence with 91 units, daycare, and retail (Sainte-Marie, 2023). Forward pipeline includes the L'AMIRAL mixed-use waterfront program at Le Port (delivery targeted 2027) and MAX PLANCK student housing in Saint-Denis (2026).

The company's core technology is conventional real estate development executed under a 100% Réunionese partner ecosystem, with an emphasis on tropical-climate adaptation through bioclimatic design, positive-energy buildings, and eco-construction materials; LE KERVAL explicitly references BIM methodology. Business model is one-time sale under the French VEFA (Vente en État Futur d'Achèvement) off-plan regime, with funding called from buyers at construction milestones, supplemented by direct commercial leases to anchor tenants (Brioche Dorée Réunion, IFR, Groupe TLC, FIDUCIAL, Cocci Market, REUNIX, OCX, Millet OI, Accor MGallery). Sales are conducted through Opale's own commercial team via website lead capture, showrooms, and individual consultations, targeting two primary segments: individual buyers (owner-occupiers, Pinel tax-scheme investors, seniors, students) and business/professional purchasers of turnkey commercial space. Certifications include Pyramide d'Argent (Fédération des Promoteurs Immobiliers), Autoconso, Ecomaire, Greensolu, and Smart Island, with BREEAM and Biodivercity certifications in pursuit on L'AMIRAL. The company is led by President Jacques TANGUY and operates within or alongside the broader Groupe Opale ALSEI; no external institutional funding has been disclosed.

Name

Opale

Legal name

Opale

Website

https://opale.re

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Opale is a La Réunion-based real estate developer executing integrated residential, commercial, mixed-use, senior, and hotel projects via VEFA off-plan sales to individual buyers and enterprise tenants, using a 100% local Réunionese partner ecosystem.

Ownership category

akta.pro rank

Headquarters

HQ city

Le Port

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property Development and Sales: Opale generates revenue by developing, constructing, and selling residential and commercial real estate properties in La Réunion. The company operates on a VEFA (Vente en État Futur d'Achèvement) model, selling properties off-plan to buyers, with funding called from buyers at various construction milestones.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Opale develops, constructs, and sells real estate properties in La Réunion under the VEFA (off-plan) model. The portfolio spans residential programs (senior residences, student housing, premium apartments), commercial real estate (office buildings, business parks, mixed-use complexes), and hotel complexes, with an emphasis on sustainable, tropical-climate-adapted construction and turnkey delivery from conception to handover.

Product overview

Opale is a real estate developer based in La Réunion, France, offering a diverse portfolio of residential, commercial, and mixed-use property programs across the island. The company's offerings span several distinct product lines: senior residences (KARAVEL, TIPOLKA) combining social and intermediate housing with commercial spaces; business parks and office buildings (INNOVESPACE CONCORDE, KERVEGUEN, FIDUCIAL) serving commercial and artisanal enterprises; hotel and tourism properties (L'AMIRAL, SANTA APOLONIA, PALAIS RONTAUNAY) including 3-star and 4-star accommodations; student housing (MAX PLANCK); and standard residential programs (CONSTELLATION, EUGÉNIA, LE JULIETTE, LE KERVAL). Projects emphasize sustainable development, environmental certifications (BREEAM, Biodivercity), and integration with local communities.

Differentiator

Problem solved

Functional benefit

Named customers9 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered minor and core.

• Choose La RéunionminorGTM or Marketing PartnerIndustry association membership supporting local economic development and promoting La Réunion as a business destination.
• Club Export RéunionminorGTM or Marketing PartnerExport club network for businesses in La Réunion, facilitating international business connections.
• Club ImmobilierminorGTM or Marketing PartnerReal estate industry association for professionals in the real estate sector.
• CPME La RéunionminorGTM or Marketing PartnerConfederation of Small and Medium Enterprises in La Réunion, representing SME interests.
• Fédération Promoteurs MobiliersminorGTM or Marketing PartnerNational federation of real estate developers, promoting industry standards and professional development.
• France Ville DurableminorGTM or Marketing PartnerNational association promoting sustainable urban development in France.
• Medef RéunionminorGTM or Marketing PartnerBusiness federation representing employers and businesses in La Réunion.
• Smart CityminorGTM or Marketing PartnerSmart city initiatives and urban innovation network in La Réunion.
• 100% Réunionese Partner EcosystemcoreStrategic or Co-development PartnerOpale works exclusively with local Réunionese partners including master planning, engineering, energy performance, and off-site construction specialists. This ecosystem of complementary competencies forms a core competitive advantage for sustainable project delivery.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Eiffage Immobilier: Real estate arm of Eiffage Group, developing residential, serviced, and mixed-use programs in France and select international markets. Comparable to Opale through integrated property development, including senior and serviced residences, with similar emphasis on design quality and mixed-use programs.
• Icade: French REIT and mixed-use developer with residential (Icade Promotion), office, healthcare, and public-purpose real estate divisions. Comparable to Opale via mixed-use and senior/healthcare-adjacent real estate, but operates as a listed REIT at substantially larger scale.
• Kaufman & Broad: French residential and mixed-use developer (now part of HRO/KKR) producing single-family homes, apartments, and managed residences across France. Comparable to Opale through residential housing for-sale development under VEFA, including senior and student residences (e.g., Cogedim Club, Studéa).
• Nexity: France's largest residential and commercial real estate developer, operating across residential, serviced seniors housing, offices, and student residences. Comparable to Opale through its mixed-use development model and senior housing (notably via its Oh Activ and Student Factory brands), though at vastly greater scale and national geographic reach.
• Vinci Immobilier: Real estate subsidiary of VINCI, developing residential, mixed-use, and serviced programs in France and select overseas markets. Comparable to Opale through mixed-use programs combining residential, retail, and offices, including senior residences (e.g., VINCI Immobilier Senior), with strong emphasis on sustainability certifications.
• Altarea: French mixed-use real estate developer and asset manager combining residential (Cogedim), retail, and office platforms. Comparable to Opale through mixed-use programs and senior/serviced residential offerings, though with a much larger institutional asset management overlay.
• Bouygues Immobilier: Major French real estate developer (subsidiary of Bouygues) developing residential, commercial, and mixed-use programs nationwide. Comparable to Opale via turnkey development of mixed-use and senior-oriented programs and a comparable VEFA-driven sales model, but at significantly greater scale and geographic breadth.

Direct peers

• Réalités: Mid-cap French regional developer of residential, mixed-use, senior residences, and managed tourism/health real estate, with presence across France including overseas territories. Most comparable in scale and program mix to Opale, particularly its senior and mixed-use programs.
• Groupe Cardinal: French mixed-use and luxury developer active in residential, hospitality, and complex urban regeneration projects (e.g., Euronews headquarters in Lyon). Comparable to Opale through its mixed-use, hotel-anchored programs and design-led positioning, though primarily based in mainland France.
• Pitch Promotion: Mid-size French real estate developer focused on residential and mixed-use programs, including senior residences and serviced housing (e.g., L'Amirauté, Les Patios). Closest in scale and product mix to Opale — diversified across residential, senior, and serviced — though operating across mainland France rather than overseas territories.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/GroupeOpaleAlsei
• LinkedInlinkedin.com/company/groupe-opale-alsei

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Opale