"CHAMPIGNY" - 14 153 m² - 94500 CHAMPIGNY-SUR-MARNE
"CITY ZEN" - 6 829 M² - 92500 RUEIL MALMAISON
"DOMINO" - 12 341 M² - 75019 PARIS PORTE DES LILAS
"TOPAZ" - 14 106 M² - 78640 VELIZY
"EIFFEL O2" - 5 200 M² - 92130 MONTROUGE
A take-over bid launched by the insurance group SMA has been successful, SMA becoming the reference shareholder. Under the aegis of a new managing director, the company resumed a growth path with the acquisition of secured assets in the Paris region and the development of its land reserves.
The company disposed of numerous non-strategic assets whilst pursuing its objectives of deleveraging and refocusing on the Paris region.
A new management has taken over the running of the management: Renaud Haberkorn succeeded to Mark Inch and Robert Waterland. The company refinanced its debt, undertook a major strategical shift and refocused on Paris (ex-CBD) office.
Following 4 years of exceptional growth, the company adopted a more prudent outlook.
End 2005, a new capital increase of € 157 million was successfully launched. In March 2006, the company began enjoying continuous trading on the B compartment of Euronext Paris was included in the EPRA (European Public Real Estate Association) index.
Mark Inch and Robert Waterland, backed by Soros Real Estate Investors, acquired the stake leading to majority control of the company. The company was transformed at the outset of 2004 into a SIIC (Société d’investissements Immobiliers Cotée) concentrating on commercial real estate.
Société de la Tour Eiffel is the heir of the compagny founded in 1889 by Gustave Eiffel whilst the Paris City took over the management of the monument in 1979.