Profile: Altarea SCA (IMAF.PA)
IMAF.PA on Paris Stock Exchange
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Altarea SCA (Altarea Cogedim) is a France-based real estate investment and development company. The Company’s operations revolve around three types of assets, such as Retail, Offices and Residential Properties. It has shopping galleries and leisure centers in France, in Paris, Roubaix, Argenteuil, Lille, Brest, Reims, as well as in Spain, and Italy, among others. It also acquires lands in order to build and sell apartments, as well as individual houses, primarily in Paris, Lyon, Nice, Marseille, Toulouse, Grenoble, Bordeaux, Nantes, Annecy and Montpellier. It also operates in the office property market as a service provider, developer and investor. The Company is engaged in dual-use projects combining shops and residential units. In March 2014, It sold 400 new homes to Credit Agricole Assurances. The Company has such subsidiaries as Centre Commercial De Valdoly SNC, Altarea France SNC, Alta Reim, among others. In March 2016, Altarea SCA announced an acquisition of Pitch Promotion SA.
8 avenue Delcasse