Altareit SCA (XAL)

Profile

https://www.altarea.com

Altareit SCA is a France-based real estate investment trust and development company, operating as a 99.85%-owned subsidiary of the Altarea group. It functions primarily as a holding company overseeing development and diversification activities across multiple property asset classes, including housing, offices, retail, logistics, hotels, serviced residences, photovoltaic infrastructures, and data centres. The company is active in key segments such as Residential, Business Property (encompassing offices), and Diversification, with operations conducted through subsidiaries like Cogedim Development, Cogedim residences services SAS, SNC Cogedim Mediterranee, and SNC Cogedim Valorisation. Headquartered at 87 rue de Richelieu in Paris, France, and founded in 1955, Altareit SCA employs approximately 1,500 people and plays a significant role in urban transformation projects by providing comprehensive development expertise. Its broad portfolio enables it to address evolving market demands in residential and non-residential real estate sectors throughout France.