Altarea SCA engages in the real estate development industry. The company is headquartered in Paris, Ile-De-France and currently employs 1,981 full-time employees. The company went IPO on 2004-01-01. The firm and its subsidiaries operate as both a real estate investment trust (REIT) and a developer. Altarea SCA reports its activities divided into three main segments: Retail, Residential and Offices. The Retail segment includes regional shopping centers, retail parks, as well as travel and convenience retail. The Residential segment includes residential property development activities, including social housing, among others. The Office segment includes office property development and investor services. Altarea’s main activity is as a REIT investing in shopping centers. This activity also includes the asset and property management functions performed on a proprietary basis and for third parties. Apart from France, the Company also operates in Spain and Italy.
