Altarea SCA


Business Description

Altarea SCA (Altarea), is a France based real estate company. It is engaged in the development, promotion, and management of commercial and residential real estate properties. The company primarily operates in France.

The company classifies its business through three reportable segments: Retail, Residential and Business Property.

Altarea’s Residential segment is involved in residential property development activities. In FY2020, the Residential segment reported revenues of EUR2,416.9 million, which accounted for 79.1% of the company's total revenue.

The company’s Business Property segment carries out property development services and investment business. In FY2020, the Business Property segment reported revenues of EUR422.7 million, which accounted for 13.8% of the company's total revenue.

Altarea’s Retail segment includes shopping centres completed and which are under development. In FY2020, the Retail segment reported revenues of EUR216.4 million, which accounted for 7.1% of the company's total revenue.

The company develops various residential properties such as large retail parks, shopping centers and travel retail. It is engaged in design, develop, commercialize and manage made-to-measure property products. Its project portfolio comprises development projects, of which some are part of the group’s medium-term investment strategy and some represent delegated project management contracts.

Geographically, Altarea operates through four geographical regions: France, Italy, Spain, and others. In FY2020, the France accounted for 98.9% of the company’s total revenue, followed by Italy with 0.7%, Spain with 0.3% and the remaining 0.1% was contributed by others.