Alain Taravella

Alain Taravella
Born (1948-05-24) 24 May 1948
Residence Paris, France
Nationality French
Alma mater HEC Paris
Occupation property developer
Known for co-founder and 46% owner, Altarea Cogedim
Net worth US$2.3 billion (April 2018)[1]
Title Chairman and CEO, Altarea Cogedim

Alain Taravella (born 24 May 1948) is a French billionaire real estate developer. He is the co-founder, 42% owner, chairman and chief executive officer of Altarea Cogedim, a French multi-channel real estate company.[1]

Early life

Taravella is a graduate of the French HEC Paris Business School.

Career

In 1975, he joined Brémond Group as the head of the Leisure Division. The company was to become Pierre & Vacances in 1975, a leading company in the European tourism services sector.[2] He was appointed Chief Executive Officer in 1985.[3]

In 1994, he co-founded Altarea, a shopping center development real estate investment trust. In 2007, it acquired Cogedim, a housing and office property development company. Since then, Altarea Cogedim has pursued its development on the three main property markets: retail, residential and offices. The group created the retail-entertainment concept with Bercy Village and spearheaded a new approach to edge-of town retail with Family Village shopping centers. [4] In 2010, it acquired Cap 3000, one of France's leading regional shopping centers located on the outskirts of Nice. It also developed the housing and office property program for the former Laennec Hospital site in Paris' 7th arrondissement and renovated the First Tower in the La Défense business district.[5]

By acquiring Rue du Commerce in 2011, a leader in e-commerce in France, Altarea Cogedim became the first multi-channel property company.[6]

Since 2014, Taravella has been developing large urban mixed projects, providing housing, offices and retail to support the cities transformation. In 2017 he inaugurated the largest construction site in Paris, Massy Place du Grand Ouest. A mixed-use area of 100,000 m² (1,076,000 square feet)[7].

In 2017, he developed The Issy Coeur de Ville project, a new eco-district off more than 100,000 m² based around a 13,000 m² landscaped park, at the heart of the Grand Paris[8].

The Group has more than 1,700 employees. With operations in France, Spain and Italy, Altarea Cogedim manages a shopping center portfolio worth €4 billion. Taravella owns approximately 48% of the Group's capital. Listed in compartment A of the NYSE Euronext Paris, Altarea recorded sales of €1.584 billion in 2012 and a market capitalization of €3.3 billion at 31 December 2017[9].

Personal life

Taravella lives in Paris, France.[1]

References

  1. 1 2 3 "Forbes profile: Alain Taravella". Forbes.com. Retrieved 3 April 2018.
  2. ↑ "Profile". Groupepvcp.com. Retrieved 9 November 2013.
  3. ↑ "Alain Taravella : Tout savoir sur Alain Taravella, Co-fondateur et Président-directeur général d'Altarea Cogedim". Lsa-conso.fr. Retrieved 9 November 2013.
  4. ↑ "Bercy Village - Paris tourist office". En.parisinfo.com. Retrieved 9 November 2013.
  5. ↑ "History". Altarea Cogedim. Retrieved 9 November 2013.
  6. ↑ "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 14 June 2017.
  7. ↑ "Massy : le cœur du quartier Atlantis va battre place du Grand Ouest". leparisien.fr. 17 October 2017. Retrieved 3 April 2018.
  8. ↑ "Issy-les-Moulineaux fête son futur cœur de ville". leparisien.fr. 26 September 2017. Retrieved 3 April 2018.
  9. ↑ http://www.altareacogedim.com/sites/altarea/IMG/pdf/ALTAREA_Presse_release_and_Business_review_2017.pdf


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