A PROPERTY COMPANY DEDICATED TO COMMERCIAL REAL ESTATE
Listed on Euronext in Paris, Patrimoine & Commerce owns and operates a portfolio of real estate assets consisting primarily of recent retail areas, located on the outskirts and in the centres of medium-sized towns and cities around the whole of France.
Made up of retail parks and city centre shopping malls, Patrimoine & Commerce’s assets are highly attractive, with occupancy rates that have been close to 100% for several years.
Strong development ambitions within a long term logic
Patrimoine & Commerce’s goal is acquire and develop commercial property assets based on selective investment criteria which combine dynamism with long-term vision :
- High catchment areas
- Visibility and accessibility of the locations
- Quality of the tenants
- Local rental management
- Attractive profitability rates
In line with its rapprochement with Foncière Sepric and relying on an already identified deal-flow, Patrimoine & Commerce’s ambition is to reach a value of 1 billion euros.
At the same time, Patrimoine & Commerce is carrying out an arbitrage policy in relation to its asset portfolio which is illustrated by a gradual disposal of tertiary assets from the scope and arbitrage, in the medium term, of commercial assets that have reached maturity.
This real estate strategy is based on a policy of secured and prudent financing of the assets.