AG Real Estate France

What AG Real Estate France does

AG Real Estate France is the French subsidiary of Belgian real estate group AG Real Estate, itself owned by AG Insurance. Founded in 2012 and headquartered at 134 Boulevard Haussmann in Paris, the company operates as both an institutional investor and a developer of commercial real estate in France, with France representing approximately 20% of the parent group's total assets on a growing-objective basis. Its portfolio spans offices, retail, logistics, and mixed-use assets, with ten major properties disclosed including the Hekla tower (220 m, 76,000 m²) at La Défense designed by Ateliers Jean Nouvel, the Havlog logistics platform (92,000 m²) at Le Havre, and the Bruneseau 44,000 m² mixed-use redevelopment in Paris 13th arrondissement. The company systematically pursues third-party environmental and well-being certifications (BREEAM, HQE, LEED Platinum/Gold, WELL, WiredScore, RE2020, BBCA, Effinergie+, Osmoz, Biodiversity, BDF) and has won Pierres d'Or awards from the Fédération des Promoteurs Immobiliers de France (EOS Generali in 2007; Hekla in 2019).

The business operates without proprietary technology; its capabilities reside in property development, asset management, and urban transformation rather than software or platforms. Revenue is generated through two streams: (1) recurring rental income and asset management fees on a diversified portfolio of owned commercial properties, and (2) one-time development income from constructing, repositioning, or selling newly built or redeveloped projects. Pricing is quote-based and negotiated per property. The company employs an enterprise field-sales motion, maintaining direct leasing relationships with corporate tenants and institutional occupiers, with no intermediary distribution. Geographically, it concentrates on premium locations near public transport in Île-de-France and major French metropolitan areas (Lille, Lyon, Marseille), with specific logistics exposure in Le Havre and Ennery near Metz. Named enterprise tenants include JJA (Havlog) and Transalliance (Ennery logistics hub). Leadership combines senior executives with deep institutional pedigree, notably Serge Fautré (former Cofinimmo CEO and ex-Chairman of EPRA), Arnaud Guennoc, and Thibault Delamain, who together manage the strategy.

Name

AG Real Estate France

Legal name

AG Real Estate France

Website

https://agrealestate.fr

Company type

Private

Operating status

Operating

Short description

AG Real Estate France is the French subsidiary of Belgian AG Real Estate (AG Insurance), operating as an institutional investor and developer of offices, retail, logistics, and mixed-use real estate across Île-de-France and major French metropolitan areas, including the Hekla tower at La Défense.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment and Development

NAICS

Lessors of Real Estate (5311), Real Estate Property Managers (53131)

SIC

Lessors Of Real Property, Nec (6519), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC), Office Real Estate Asset Management (BPAJAMAG)

Keywords

• Commercial real estate investment
• Property development
• Asset management
• Urban transformation
• Logistics platform

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Real Estate Investment & Asset Management: AG Real Estate France generates revenue through owning, managing, and optimizing a diversified portfolio of commercial real estate assets including offices, retail, logistics, and mixed-use properties. They collect rental income from tenants and create value through asset management activities including restructuring, repositioning, and redevelopment of properties.
2. Development & Promotion: Revenue generated from developing and selling or leasing newly constructed or redeveloped properties. This includes multi-product and complex projects in Île-de-France and major French cities, with a focus on sustainable, label-certified buildings.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

AG Real Estate France is a French subsidiary of Belgian real estate group AG Real Estate (owned by AG Insurance), operating as both an investor and developer of commercial real estate. It owns and develops a diversified portfolio of offices, retail, logistics, and mixed-use properties in premium locations across Île-de-France and major French metropolitan areas. Its offering is grounded in sustainable urban transformation, with systematic pursuit of environmental certifications (BREEAM, HQE, LEED, WELL).

Product overview

AG Real Estate France operates as both an investor and developer in French real estate, offering a diversified portfolio of commercial properties across office, retail, logistics, and mixed-use segments. The company's product portfolio includes ten major properties: M62 (5,100 m² office in Paris 18th), 24 Sentier (3,700 m² office in Paris 2nd), Spotlight (4,000 m² office in Issy-les-Moulineaux), My Little Nation (7,800 m² mixed-use in Paris 11th), Hekla (76,000 m² high-rise office tower in La Défense), Metronom (8,100 m² office in Lille), Montreuil Marceau (8,700 m² office in Montreuil), Havlog (92,000 m² logistics platform in Le Havre), Champs-Élysées (retail property), and Bruneseau (44,000 m² mixed-use project in Paris 13th). The company focuses on premium locations near public transport in Île-de-France and major French metropolitan areas, with systematic environmental certification strategies for all development projects.

Differentiator

Problem solved

Functional benefit

Products and services

• M62 (Office Building, Paris 18th)
• 24 Sentier (Office Building, Paris 2nd)
• Spotlight (Office Building, Issy-les-Moulineaux)
• My Little Nation (Mixed-Use, Paris 11th)
• Hekla (Office Tower, La Défense)
• Metronom (Office Building, Lille)
• Montreuil Marceau (Office Building, Montreuil)
• Havlog (Logistics Platform, Le Havre)
• Champs-Élysées (Retail Property, Paris)
• Bruneseau (Mixed-Use Urban Renewal, Paris 13th)

Quantifiable outcome

• Over €3 billion in managed transactions across diversified asset classes
• +1 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered flagship and core.

• Ateliers Jean NouvelflagshipStrategic or Co-development Partner · 1 January 2019Internationally renowned French architect behind the Hekla tower project at La Défense. The 220-meter, 48-storey high-rise is part of a high-quality urban redevelopment project redesigning the skyline of La Défense.
• AG Real Estate (Parent Group)coreOthersAG Real Estate France is the French subsidiary of the Belgian real estate group AG Real Estate, which is owned by AG Insurance. France represents approximately 20% of the group's total assets with a growing objective.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Gecina: French listed office REIT and one of the largest institutional owners of Paris/Île-de-France office real estate. Directly comparable as a prime Paris office landlord/investor competing for the same institutional tenants and trophy CBD assets.
• Klépierre: Pan-European retail REIT with major French retail exposure. Comparable as a French-anchored institutional investor/manager of commercial real estate, particularly for AG Real Estate France's Champs-Élysées retail holdings.
• Nexity: France's largest integrated real estate developer (residential, office, mixed-use). Comparable on the development and mixed-use urban transformation side of AG Real Estate France's business, especially projects like Bruneseau.
• Kaufman & Broad: French-listed residential and commercial developer. Comparable as a French development platform; particularly relevant given Managing Director Arnaud Guennoc's prior tenure at Kaufman & Broad and overlap in urban mixed-use projects.
• Frey: French developer of retail parks, mixed-use urban projects and logistics. Comparable as a French-focused developer/investor with a sustainability-driven brand and overlap in mixed-use and tertiary assets.
• Covivio: European real estate operator with strong French/Italian office, logistics and hotel exposure. Comparable as a Continental European CRE investor with diversified asset classes and institutional investor backing.
• Icade: French real estate company (offices, business parks, residential, healthcare) with significant Paris office exposure and an institutional investor base. Comparable as a developer/asset manager of French commercial real estate with sustainability focus.

Broad incumbents

• Unibail-Rodamco-Westfield: Global leader in flagship retail destinations with French retail assets. Comparable for AG Real Estate France's premium retail exposure (Champs-Élysées) and large-scale mixed-use urban regeneration projects.
• Cofinimmo: Belgian REIT (offices, healthcare, distribution) and former employer of AG Real Estate France Chairman Serge Fautré. Comparable as a Benelux-anchored institutional CRE investor/manager with French exposure.

Regional players

• AG Real Estate (Parent): Belgian parent group of AG Real Estate France and owner of substantial Benelux CRE assets. Comparable as a sister platform executing the same investor-developer strategy in a different geography (Belgium vs. France).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 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 AG Real Estate France