Immobilière Dassault

In first half 2006, Peugeot Invest and the Dassault family decided to transfer part of their real-estate assets to Immobilière Dassault.
Peugeot Invest Assets owns 19.8% of Immobilière Dassault.
The value of the shareholding for purposes of Net Asset Value and the consolidated financial statements is based on the 31 December 2012 share price.
Peugeot Invest Assets, represented by Christian Peugeot, sits on Immobilière Dassault’s Supervisory Board.

Immobilière Dassault is continuing its policy of expanding and enhancing the value of its property portfolio over the medium to long term, mainly focusing on buildings with the best locations in the central business district of Paris.

In 2022, the company continued its policy of enhancing the value of its portfolio, partly by continuing refurbishment works (at a total cost of €6.0 million during the year) and partly by selling non-strategic assets, i.e. its buildings at 219 bis boulevard Jean-Jaurès, Boulogne-Billancourt (92100), 10 rue Sadi-Carnot, Asnières (92600), 2 rue Lepic, Paris (75018) and 74 rue Saint-Dominique, Paris (75007), resulting in total capital gains of €10.3 million.

Rental income rose by 1.9% compared with 2021, despite disposals that took place in 2022 but also 2021, and by 4.1% at constant scope. The occupancy rate was 93% at 31 December 2022, up from 89% at 31 December 2021. Some properties are intentionally being kept vacant while they undergo redevelopment.

The total value of the company’s portfolio (excluding transfer duties) was €873.6 million at 31 December 2022 as opposed to €852.2 million at 31 December 2021.

Operating profit amounted to €43.3 million in 2022, and net profit was €43.8 million.