Sogea - 1999 annual report - Vinci

uild a building at the fruit terminal at the port of
Abidjan, Ivory Coast, and a plywood plant for Leroy
in Gabon.
In the United Kingdom the building market
experienced strong growth. Norwest Holst, one of the
country’s twenty leading construction firms, expanded
its activities among private sector customers. Its major
successes in this area include the Oracle car park and
multiplex cinema (PDD Architects) for Hammerson;
the Milton Keynes (Mosscrop Associates) and
Uxbridge office complexes (Hamilton Associates);
the Leicester warehouses built for Kingspark Prologis
(Architects: Stephen George Partners) and the
Southampton Magistrates Court (architects:
Hampshire County Architects department).
Norwest Holst is also specialized in engineering,
fitting and finishing, and maintenance work and
it completed several large projects in these areas
in 1999 including office complexes for Daiwa
(architects: Ove-Arup Partners), British Airways
and Rabobank (architects: Verbeek-Bell) and storage
platforms for Odebrecht Oil and Gas Services.
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Outlook
In coming years Sogea will focus on consolidating its
growth in terms of earnings, continuing the efforts it
has been making over the last several years to
decentralize its organization, overhaul its marketing
approach and perfect its production facilities and
networking operations.
The company’s development potential is connected to
its ability to be attuned to its customers and adapt to
its markets. For Sogea, the focus will be on providing
the most comprehensive response possible to all the
expectations of its public and private sector clients.
Project financing, financial engineering, planning,
design, building, maintenance, property
management... all Sogea’s capabilities will be at the
service of its customers.
PROJECT STRUCTURING
Successes in Toulouse and Limoges
In 1999, Sogea developed the activities of Socogim, a subsidiary
specialized in project structuring and pre-development.
In Toulouse, Socogim won an assistance contract with the
Immochan company. This contract provides that Socogim will
control a 65 ha property on the edge of the city. The company
will carry out development studies and identify operators,
while Sogea will perform the work.
In Limoges, a project structuring operation has been started
for the design and construction of 17 luxury housing units
in the city centre (architect: G. Valleron). Socogim will carry
out the studies and be involved under a property development
contract, signing a works contract with Sogea Sud-Ouest.
The client is the owner of the land, a local industrialist.
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