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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

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