ALTAREA COGEDIM ANNOUNCES THE OFF-PLAN SALE TO CNP ASSURANCES OF ITS FUTURE
HEADQUARTERS LOCATED AT RUE DE RICHELIEU (2ND ARRONDISSEMENT OF PARIS)
Paris, 10 October 2018. Altarea Cogedim's future headquarters have been sold
off-plan to CNP Assurances Located at rue de Richelieu in the 2nd
arrondissement of Paris, the office complex of 33,000 m2 will be delivered in
the second half of 2019 to accommodate the Group's employees and customers.
"We are proud that the Altarea Cogedim house seduced CNP Assurances, a top-tier
investor. Our headquarters will embody our convictions in terms of office
property. Open to the city, a reflection of the Group's values, at the heart of
the new economy, the building will meet the expectations of employees in terms
of quality of life at work. This new complex will allow us to bring our brands
together under a single roof, illustrate our know-how, convey our growth
momentum and attract new talent willing to join us", said Alain Taravella,
Chairman and Founder of the Altarea Cogedim Group.
This building from the late 1970s was Allianz's French headquarters. Owned by
Altarea Cogedim from 2016, the Group has been carrying out major redevelopment
operations covering the entire complex since.
Rolled out over 33,000m2, the project led together with Wilmotte & iassociés
is designed to modernise the existing building and bring it up to the highest
standards while keeping the spirit of the original architecture. It will host
mainly Altarea Cogedim Group & subsidiaries employees. Flexible, qualitative
and people-focused, Richelieu will be in line with today's life and work
The building will be exceptional in terms of environmental standards and
comfort for the people it will accommodate. To this end, it will include a
business centre, the largest private auditorium in Paris (280 places), over
2,000m2 of green spaces with four planted terraces and a unique platform with
restaurants and services in the heart of the capital.
Richelieu is seeking to obtain, upon delivery, which is expected to take place
end-2019, the HQE(r) "Exceptional", BREEAM(r) "Excellent", BBC-Effinergie
Rénovation and Well silver labels.
For this transaction, Altarea Cogedim was represented by Wargny Katz. CNP
Assurances was represented by La Française Real Estate Partners, Monassier and
the DS Avocats law firm.
About Altarea Cogedim - FR0000033219 - ALTA
Altarea Cogedim is the leading property developer in France. As both a
developer and an investor, the Group operates in the three main proper ty
markets (Retail, Residential and Offices), leading major mixed-use urban
renewal projects in France. The Group has the required expertise in each sector
to design, develop, market and manage made-to-measure property products. In
Retail, Altarea Cogedim manages standing assets of EUR4.7 billion. Listed in
Compartment A of Euronext Paris, Altarea has a market capitalisation of EUR3,3
billion at 30 June 2018.
ALTAREA COGEDIM Contacts
Communication and CSR Director
+33 1 56 26 25 53 / +33 6 85 26 15 29