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Altarea Cogedim at MAPIC 2011 (Stand 20.02, level 01): Continuation of the retail strategy announced

16 november 2011
Altarea Cogedim, a retail property investor and multi-product operator, is presenting its projects currently under development and at the marketing stage at the MAPIC 2011 real estate conference, representing total retail GLA of around 310,000 sqm. As France’s third-largest property investment company with a portfolio worth €2.7 billion, Altarea Cogedim takes a controlled approach to steering the growth of its portfolio by means of proprietary development projects and by acquiring properties on the basis of opportunities that arise.

The Group’s investment pipeline represents €825 million. Around 85% of projects in the pipeline are located in regions presenting very rapid population growth, such as the Paris Region and south-eastern France, and northern Italy.

The eventual aim is to focus the portfolio on around 30 large properties, favouring two formats that correspond to the development of consumer trends: large shopping centres and retail parks with the “Family Village®” concept. Altarea Cogedim is also changing its strategy by means of development, renovation and arbitrage projects with the aim of building up a portfolio focused on larger properties.

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Altarea Cogedim