The Limited Times

Now you can see non-English news...

When the SNCF rebuilds entire districts of cities

2023-05-23T18:11:03.819Z

Highlights: SNCF Immobilier is the second largest landowner in France, behind the state. The company manages 30,000 hectares, has a portfolio of 8 million square meters of buildings, representing 100,000 homes. Its first mission remains linked to the business of its parent company. But its roadmap is also broader. "We have the ambition to carry out a restorative urban development, trying to correct the weaknesses of the inherited model," says CEO Katayoune Panahi, 100% subsidiary of SNCF.


The real estate subsidiary of the state-owned company is the second largest landowner in France, after the State.


The SNCF is first and foremost about trains. But the group is also a giant in the field of real estate. "SNCF Immobilier is the second largest landowner in France, behind the state," said Katayoune Panahi, CEO of SNCF Immobilier. The figures are impressive: the company, a 100% subsidiary of SNCF, manages 30,000 hectares, has a portfolio of 8 million square meters of buildings, representing 100,000 homes. Its first mission remains linked to the business of its parent company. "We manage the real estate assets necessary for railway activities, whether technical rooms or offices," says Katayoune Panahi.

However, its roadmap is also broader. "We need to value land assets that are no longer necessary for railway activities," says the manager. With a clear philosophy: "We have the ambition to carry out a restorative urban development, trying to correct the weaknesses of the inherited model...

This article is for subscribers only. You still have 80% to discover.

Want to read more?

Unblock all items immediately.

TEST FOR 0,99€

Already a subscriber? Log

Source: lefigaro

All business articles on 2023-05-23

You may like

Life/Entertain 2024-03-07T10:07:09.777Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.