ALTAREA: management transactions · France · AMF

About ALTAREA

ALTAREA is a leading French real estate group focused on urban transformation and the development of multi-use property assets. Founded in 1994 by Alain Taravella, the company has built an integrated model that combines development, investment, marketing, and asset management across several real estate segments. ALTAREA has been listed on Euronext Paris since 2004, in Compartment A, and operates with an investor-developer model that supports both development profits and recurring rental income. Historically, the group’s core business has been Retail, where it owns and manages a high-quality portfolio of assets including regional shopping centers, retail parks, travel retail locations in railway stations, and convenience retail formats. At the end of 2024, Retail represented roughly €5.3 billion of assets under management and accounted for a major share of the group’s recurring revenue. ALTAREA has also expanded into Residential property, Business Property, and logistics, adapting its portfolio to changing market conditions and the needs of sustainable cities. In recent years, ALTAREA has diversified further into two additional growth areas: photovoltaic infrastructure and data centers. This move reflects the group’s intention to capture long-term trends linked to energy transition and digital infrastructure while maintaining strong operational control. Its business scope now includes Retail, Residential, Business Property, photovoltaic infrastructures, and digital infrastructure, giving the company a broader exposure than many French listed residential developers. Financially, ALTAREA reported 2024 consolidated revenue of €2.77 billion, up slightly year on year, and FFO of €127.2 million, an increase of 25.7%. In its 2025 full-year results published in February 2026, the group confirmed a new growth cycle, with FFO rising 13.9% to €144.9 million and a dividend of €8.00 per share. Management also highlighted a confirmed recovery in new residential sales and strategic progress in data centers. ALTAREA has a strong nationwide footprint in France, with activities spanning major metropolitan areas, commercial hubs, railway stations, and regional territories. The group is known for its ability to structure tailor-made projects, work with public and private stakeholders, and allocate capital in a disciplined way. Its positioning as a leader in low-carbon urban transformation makes it one of the most distinctive listed real estate companies in France.