Press

Third Quarter 2017 revenue

13 november 2017

9M 2017 revenue: €1,314 million (+19.0%)
Operational success stories across all business lines

Property Development (residential and offices)
  • New orders: €2,409 million (incl. tax)(+27.3%)
    • Of which residential: €1,702 million (+23.7%) and 6,787 units (+16.8%)
    • Of which offices: €707 million (+36.8%)
  • Operational success stories:
    • Large mixed-use projects: Delivery of the largest Grand Paris development scheme (100,000 m² in Massy)
    • Residential: Cogedim awarded "Customer Service of the Year 2018"
    • Offices: Signature of Orange and Parfums Christian Dior headquarters leases (81,000 m² total)

Retail
  • Rental income: +4.5% to €144.1 million (+2.8% on a like-for-like basis)
  • Disposals for a combined amount exceeding €130 million
  • Bid won: 45,000 m² iconic project near the Swiss border (Ferney-Voltaire)

CSR performance
  • GRESB: Altarea Cogedim no. 1 out of 194 listed real estate companies assessed worldwide

Financial indicators
  • Consolidated revenue: €1,314 million (+19.0%)
  • Net debt: €2,577 million (vs. €2,578 million at 30 June 2017)

 
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Altarea Cogedim