Foncière des Régions (pronounced [fɔ̃.sjɛʁ dɛ ʁe.ʒjɔ̃]) is a holding company of real estate investment (REIT) companies that own residential and commercial properties in 8 countries (mostly Europe). Its business comes from the rental and leasing of properties (including hotels and car lots) over 70% of which is office space in France and Italy (in 2009 vacancy rates were at 5.3% in France, in other major markets like Rome, Italy rental income was lower because office space use was halved).

Property Value
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  • Foncière des Régions (pronounced [fɔ̃.sjɛʁ dɛ ʁe.ʒjɔ̃]) is a holding company of real estate investment (REIT) companies that own residential and commercial properties in 8 countries (mostly Europe). Its business comes from the rental and leasing of properties (including hotels and car lots) over 70% of which is office space in France and Italy (in 2009 vacancy rates were at 5.3% in France, in other major markets like Rome, Italy rental income was lower because office space use was halved). Its biggest clients are major companies the largest of which is France Telecom which rented half of Fonciere's office space in France (about 1 million m2 (though its share of rental income was 51% in 2009 compared to 60% in 2008). Other major customers are Telecom Italia and Electricite de France and IBM. The company has a 15% interest in France's biggest business park developer, Altarea SCA. Most properties are under its control however there are also about 60 properties that it has a minor stake in (interests in them range from 25 to 38 percent). Widely recognized properties include one of France's tallest skyscrapers Tour Gan (also known as CB21) and Carré Suffren in Paris.Other assets include parking lots (Parcs GFR), retirement homes, warehouses (Fonciere Europe Logistique SCA, Fonciere Developpement Logements SA) hotels, medical facilities, and business parks (15% of France's largest developer Altarea SA).In August 2010 in a joint venture with France's largest bank Credit Agricole, it acquired 48 European hotels from hospitality company Accor. The deal was worth 367 million euro.After acquiring 35% of Italian real estate company Beni Stabili (public on the Milan stock exchange since 1999) from Italian company Delfin (Delfin and Batipart are Fonciere's largest shareholders) it purchased the rest of it in 2007. It was Fonciere's single largest investment in Italy bringing its asset portfolio there to €4 billion.Altogether the company had a market value of between €3.5 and €3.9 billion in 2010. (en)
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  • 1.470000000054E11
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  • 7.896E8
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  • 2018-04-30 07:12:49Z (xsd:date)
  • 2019-03-18 15:13:32Z (xsd:date)
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  • Foncière des Régions (pronounced [fɔ̃.sjɛʁ dɛ ʁe.ʒjɔ̃]) is a holding company of real estate investment (REIT) companies that own residential and commercial properties in 8 countries (mostly Europe). Its business comes from the rental and leasing of properties (including hotels and car lots) over 70% of which is office space in France and Italy (in 2009 vacancy rates were at 5.3% in France, in other major markets like Rome, Italy rental income was lower because office space use was halved). (en)
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  • Foncière des Régions (en)
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