Immobilière Dassault
Immobilière Dassault is a SIIC (French listed real-estate investment company) that has a portfolio of high-quality real-estate assets, mainly located in the centre and inner suburbs of Paris.
- Stake in Immobilière Dassault
- 19.8 %
- Investment date
- 2006
In 2024
In 2024, Immobilière Dassault continued its policy of upgrading its assets through the implementation of renovation and environmental improvement projects and rental negotiations. The restructuring of the building located at 16, rue de la Paix (2nd arrondissement, Paris) was completed at the end of 2024. The marketing of the surfaces is under way and led to the signing of a first lease in early January 2025. Moreover, Immobilière Dassault, via CPPJ (95% owned), has strengthened its stake in the company holding 1, Faubourg Saint-Honoré, bringing its shareholding to 40.4% of the share capital.
During the financial year, rental revenues increased by 7.7% compared with 2023 (scope unchanged vs. 2023). This remains mainly driven by rent revision indices and the renegotiation of certain leases.
At the end of December 2024, the physical occupancy rate of the group’s assets stood at 92.5% (compared with 94% at the end of 2023).
The total value of the company’s portfolio (excluding transfer tax) was €877.1 million at 31 December 2024 as opposed to €847.6 million at 31 December 2023. This increase attests to the intrinsic quality of the group’s assets and its main tenants, the progress of the work and asset management efforts carried out, despite the pressure on the capitalisation rates retained by independent experts, which continues to affect the value of the assets.
Operating income amounted to –€36.8 million in 2024, and net income was –€27.3 million.
Peugeot Invest's investment
In the first half of 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 in the Net Asset Value and the consolidated financial statements is based on the share price at 31 December 2024. Peugeot Invest Assets, represented by Christian Peugeot until 31 December 2024, is a member of Immobilière Dassault’s Supervisory Board. It should be noted that as of 1 January 2025, Anne-Camille de Froissard will represent Peugeot Invest Assets on the Supervisory Board of Immobilière Dassault, replacing Christian Peugeot.