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Development

Immochan has been constantly active in 12 countries since its creation, supporting Auchan Retail.

Record levels of investments

By 2021 Immochan plans the opening of 80 new centres or extensions for a record amount of Investment, and 1,200,000 m² of projects in the pipeline.

This significant development plan, in France, Eastern Europe and Asia includes an important number of large scale projects, with 10 sites of more than 50,000m2 of total surface area.

The company will invest more than 1.9 billion euros gross in the development and improvement of its park by 2021, and 1.2 billion on other activities to achieve its new strategies.

Managing for third parties – a new activity

Fully-owned development is being pursued in most cases. It is based on a long-term vision and an on-going focus on how to enhance the appeal of our sites. At the same time, Immochan is open to partnerships with public or private investors. Its strategy of dynamic asset management has resulted in the transfer of more than 2 billions euros worth of assets since 2013. Now Immochan is focusing on increasing the fair value of its portfolio by densifying the sites with retail, offices or residential complexes. 

Immochan has also a strong environmental dimension: every project goes through the Breeam certification process.

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