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Altarea Cogedim at the SIEC 2011 retail real estate event (Stand D1): controlled development for Altarea Cogedim’s retail activities

9th June 2011
Altarea Cogedim, a REIT focused on shopping centres and a multi-product developer, is presenting at the SIEC 2011 summit its projects at the development and letting stage representing close to 340,000 sqm in retail GLA. As France’s third-largest REIT with a portfolio worth €2.6 billion, Altarea Cogedim delivers controlled growth in its asset base through the development of projects on a proprietary basis, as well as through acquisitions of assets as opportunities arise.

The Group’s investment pipeline is worth €881 million. Close to 85% of the projects in this pipeline are located in geographical regions enjoying very strong population growth (Paris region, south-eastern France and northern Italy). The Group predominantly develops two formats geared to the shift in consumption trends, i.e. major shopping centres and retail parks, with its Family Village concept. Altarea Cogedim is thus in the process of adjusting its strategy through developments, restructuring and sale transactions with a view to building a portfolio focused on larger-sized assets
 
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Altarea Cogedim