|Type||Société en commandite par actions|
|Traded as||Euronext: ALTA|
|Founder(s)||Alain Taravella and Jacques Nicolet|
|Key people||Alain Taravella
|Operating income||€265.1 million (2011)|
|Profit||€94.0 million (2011)|
|AUM||€2.6 billion |
|Total assets||€4.64 billion (2011)|
|Total equity||€1.12 billion (2011)|
Altarea, also called Altarea Cogedim, is a french company, created in 1994, dedicated to both the development and investment in real estate, focusing especially on in construction, extension and development of shopping centers, as well as real estate development. Headquartered in France, it operates local agencies and subsidiaries in Spain and Italy. Most of its businesses, however, take place in France and Italy. Alain Taravella is founder and Chairman of the company.
Creation and development of the group
The company was founded in 1994 by Alain Taravella and Jacques Nicolet, with the name being a shortened version of "Alain Taravella Real Estate." The company was initially engaged in the shopping malls development. During the following years, it absorbed several smaller firms in the French property sector : in 1995, Altarea acquired Le Gerec, a company created in 1973 specializing in shopping center construction. Its subsequent rapid growth included winning a competition organized by the town of Le Havre for the construction of Espace Coty. In 1997, Altarea began construction on the Bercy Village shopping center in the 12th arrondissement of Paris, which opened in 2000. The project aimed to revive a historic neighborhood of Paris.  In 2001 was established the Italian subsidiary.
Acquisition of Cogedim
In 2007, Altarea purchased Cogedim from various investors, principally the Italian insurer Vittoria Assicurazioni SpA, at a cost of €650 million. Cogedim had been founded in 1963 and had a wider range of activities.
Ownership and financial data
According to reports from the company, 48.9 percent of it is owned by its founders, 16.6 percent by Prédica Crédit Agricole Assurances, 12.1 percent by Foncière des Régions, 7.7 by ABP Fund and 14.7 percent by smaller shareholders.
In 2012, the Group's consolidated revenue exhibited strong growth to €1.584 billion (+ 42%), mainly thanks to the consolidation of Rue du Commerce.  On the 31st of July 2013, the Group results indicated that an agreement had been reached between Altarea Cogedim and Allianz Real Estate for the establishment of a long-term partnership for a portfolio of five shopping centers owned by Altarea. €395 million of equity capital injected by Allianz made it possible for the Group to considerably reduce its debt and significantly increase its reinvestment capacity. 
In Q3 2013, the Group's consolidated revenue grew by 4.4% to €1.1388 billion. 
In the early 2000s, Altarea introduced the "Family Village" concept. It involves shopping malls with a distinctive architecture and "environmentally friendly", designed for a clientele consisting of families and multiple age groups. The whole structure centers on parks and green areas. Bercy Village attracts 12 million visitors each year, 20% of whom are tourists. 
In 2007, Altarea Cogedim purchased from the French State a 33.34 percent stake in Semmaris, the company that manages the Rungis International Market, the biggest wholesale food market in the world.
On 23 February, 2011, it was announced that Altarea Cogedim, together with CFC Développement, will build the new French headquarters of Mercedes-Benz at Montigny-le-Bretonneux, replacing the current system of three venues for the carmaker distributed throughout the country. Altarea constructed around 170,000 m2 of offices and hotels in 2011.
On 27 October 2011, an Altarea Cogedim subsidiary, Altacom, acquired a 24.13 percent stake in Rue du Commerce SA, one of France’s leading online retailers. On 26 January, 2012, Altacom announced the purchase of a 95.11 percent majority stake, taking control of the firm, which allowed Altarea to diversify its business approach.
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- "ALTAREA COGEDIM’S FRIENDLY TAKEOVER BID FOR RUEDUCOMMERCE IS A CLEAR SUCCESS AND INCREASES ALTAREA COGEDIM’S STAKE TO 95.11%". Altarea Cogedim. 26 January 2012. Retrieved 11 August 2012.