Altarea Maintains Course on Its 2024 Objectives

Altarea, a major player in real estate in France, confirms its strategy for 2024 despite diversified results. In the Commercial Property sector, the indicators are positive with retailer turnover up 5.2% and an occupancy rate of 97.1%. Rental income increased by 7.1%, reaching 181.6 million euros.

The housing sector is showing a slowdown in reservations with a 12% drop, due to a historically low supply. Altarea, however, plans to intensify its launches, particularly in the Access range, aimed at first-time buyers.

In corporate real estate, Altarea has signed major transactions, including a BEFA for a building in Paris and the rental of several floors of Landscape in La Défense.

On the financial front, despite an 8.4% decline in consolidated turnover over nine months, the situation remains stable. Altarea has €1.8 billion in liquidity and maintains its alignment with the European Taxonomy.