45 avenue Georges Mandel
01 46 99 47 79
Patrimoine & Commerce 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:
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.
Investing in values
Discover the highlights since our creation
Predica (Crédit Agricole)
Banque Populaire Val de France (Groupe BPCE)
Suravenir (Crédit Mutuel)
The assets in which the property company invests must respond strategically to the 3 main challenges of the retail real estate of tomorrow:
New consumer habits and the search for the best prices.
Stores that are increasingly selective in their choice of location.
Better control over shopping centre town planning and the preservation of city centre stores
Backed by a pipeline of well-defined projects of €270m over the next 4 years, Patrimoine & Commerce is targeting a portfolio of nearly one billion euros.
Patrimoine & Commerce is positioned on a clearly identified resilient class of assets: retail parks.
With its strong territorial base (Paris, Lyon and Rennes) and its proximity to local authorities, Patrimoine & Commerce is implementing a clearly defined development strategy: