A N N U A L R E P O R T - Bouygues
A N N U A L R E P O R T - Bouygues
A N N U A L R E P O R T - Bouygues
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Le Carré des Rois development scheme,<br />
Saint-Denis<br />
<strong>Bouygues</strong> Immobilier has sufficient<br />
reserves of land in France to cover<br />
three years’ activity.<br />
Paris Region<br />
<strong>Bouygues</strong> Immobilier has strong positions<br />
in the Paris region, where it has<br />
a market share of 13%.<br />
With prices in Île-de-France rising<br />
sharply, <strong>Bouygues</strong> Immobilier’s strategy<br />
is to expand in the second and<br />
third rings of the greater Paris region,<br />
where land is still affordable, so that<br />
residential developments can target a<br />
broad customer base, especially firsttime<br />
buyers.<br />
A number of major projects are under<br />
way, including:<br />
• the O'Vert development at Bussy-<br />
Saint-Georges, to the south-east of<br />
Paris, comprising 630 housing units,<br />
9,000 m 2 of office space and 20<br />
retail units;<br />
• La Croisette, an AgirVert ® development<br />
comprising 342 housing units<br />
at Carrières-sous-Poissy, to the west<br />
of Paris;<br />
• Eden, a development comprising 220<br />
housing units at Plessis-Robinson, to<br />
the south of Paris;<br />
• Les Jardins du Carrousel, a codevelopment<br />
comprising 507 housing<br />
units at Issy-les-Moulineaux, just<br />
outside Paris;<br />
• Quai Treize, 58 upmarket housing<br />
units in Paris, near the Bibliothèque<br />
de France, designed by the famous<br />
architect Henri Gaudin.<br />
Le Carré des Rois, a major development<br />
comprising 172 housing units at<br />
Saint-Denis, to the north of Paris, was<br />
delivered in the summer of 2005.<br />
The residential property market<br />
continues to thrive<br />
Rest of France<br />
<strong>Bouygues</strong> Immobilier’s rapid expansion<br />
in the French regions, where reservations<br />
rose by 24% in 2005, was<br />
fuelled by strongly growing demand in<br />
the south and south-east, the Atlantic<br />
crescent, the Rhône-Alpes region and<br />
eastern France.<br />
To boost its expansion outside the<br />
Paris region, <strong>Bouygues</strong> Immobilier<br />
introduced a new organisational<br />
structure with two operational divisions<br />
covering the north and south of<br />
the country rather than just one.<br />
The company also continued to extend<br />
its geographical coverage, opening<br />
new agencies in Amiens, Grenoble and<br />
Lorient, bringing the number of establishments<br />
in France to 32.<br />
It intends to continue the process in<br />
2006, opening agencies in Caen and<br />
Reims and a branch in Metz.<br />
The expanded network will enable the<br />
company to cover 210 towns and cities.<br />
<strong>Bouygues</strong> Immobilier embarked on a<br />
number of major development projects<br />
in 2005, including:<br />
• the Cours Richelieu in La Roche-sur-<br />
Yon in western France, comprising<br />
305 apartments, six houses, a 100-<br />
room student hall of residence, an<br />
old people's home with a 75-bed<br />
facility under medical supervision<br />
and a nursing home;<br />
Exaltis building, Paris La Défense, May 2005<br />
22