As a Real Estate Investment Trust, ALTAREA COGEDIM builds shopping centres on a proprietary basis. This asset class delivers the strongest long-term performance and generates steady cash fl ow growth for the Group. ALTAREA COGEDIM is the only multi-product operator with full operational and development know-how in the four main types of property: retail, offi ces, hotels and residential. The Group is therefore France’s market leader in mixed-use urban developments. The combination of secured cash fl ow on existing assets with proprietary sourcing and development capabilities makes ALTAREA COGEDIM a unique and optimized risk/ reward profi le. With operations in France and Italy, ALTAREA is listed on compartment A of Eurolist by NYSE Euronext Paris.