Altarea SCA

Altarea Cogedim

Type	Société en commandite par actions
Traded as	Euronext: ALTA
Founded	1994 (1994)
Founder	Alain Taravella and Jacques Nicolet
Headquarters	Paris, France
Area served	Europe
Key people	Alain Taravella (Chairman)
Revenue	€1,582 billion (2016)
Total assets	€4.512 billion (2016) residential reservations: 10,011 units (2016) rental retail: €168,3 (2016)
Number of employees	1400
Website	AltareaCogedim.com

€4.512 billion (2016) residential reservations: 10,011 units (2016)

Altarea SCA, trading as Altarea Cogedim, is a French company dedicated to both the development and investment in real estate, focusing especially on in construction, extension and development of shopping centers, as well as property development. Headquartered in France, it operates local agencies and subsidiaries in Spain and Italy. It was founded in 1994.

The company was founded in 1994 by Alain Taravella and Jacques Nicolet,. The company was initially engaged in the shopping malls development. During the following years, it absorbed several smaller firms in the French property sector : in 1995, Altarea acquired Le Gerec, a company created in 1973 specializing in shopping center construction. Its subsequent rapid growth included winning a competition organized by the town of Le Havre for the construction of Espace Coty.

In 1997, Altarea began construction on the Bercy Village shopping center in the 12th arrondissement of Paris, which opened in 2000. The project aimed to revive a historic neighborhood of Paris. In 2001 was established the Italian subsidiary. The Group opened several shopping centers in 2002: Espace Jaurès in Brest, Espace Grand’Rue in Roubaix, Côté Seine in Argenteuil and the Gare du Nord boutiques in Paris. At the same time, Altarea launched its open air retail park activity by creating Compagnie Retail Park, a subsidiary in charge of this sector. The Group gradually developed its business activity in different countries of the European Union. It thus extended its activity to Italy in 2001 by creating Altarea Italia. In 2004, Altarea España was created in Spain. Today, it features a major shopping center located in Sant-Cugat, near Barcelona. In 2011, Altarea Cogedim supplemented its various business activities by creating AltaFund, an investment fund dedicated to office property.

In 2007, Altarea purchased Cogedim. Cogedim had been founded in 1963 and whose main activities are the development of housing, offices and hotels. In addition to its housing activity in the major French metropolitan areas, the Group also developed its activity in upmarket commercial real estate and luxury hotels, with the renovation of the Salle Wagram in 2009, the opening of the Marriott Renaissance Arc de Triomphe and the Radisson Blu in Nantes in 2012, and the InterContinental Hôtel Dieu in Marseille in 2013.