Cœur d’Orly is being developed jointly by Aéroports de Paris and the Altarea Cogedim / Covivio consortium. The programme has benefited from strong support from the French government and local authorities, which were involved from the outset, at the urban planning consultation stage, well before the programme was defined in detail.
As a property owner and land developer, Aéroports de Paris also works on property development projects for its own needs and on behalf of businesses who wish to establish premises on its platforms. Aéroports de Paris is responsible for developing roads and infrastructure around the site of the airport platform. As far as the Cœur d’Orly programme is concerned, Aéroports de Paris is both a developer and an investor.
As a property company specialising in shopping centres and a general property operator, the Altarea Cogedim Group has built long-term relationships with local authorities, businesses and retailers. Its expertise covers all areas of the property market, from shops to housing, offices and hotels. The Group develops its asset portfolio both by operating the shopping centres it builds and by acquiring assets that are already in use. With a presence in France, Italy and Spain, Altarea Cogedim is listed on the Eurolist index of Euronext Paris. Altarea Cogedim is both an investor and a developer on the Cœur d’Orly programme.
As a leading real estate developer in the tertiary sector, Covivio has based its development and built its assets on one key, characteristic value: partnership. With total assets of €16 billion (€10 billion group share) in the buoyant French, German and Italian markets, Covivio is now a recognised partner for businesses and regions, supporting their property strategies with a twofold aim: generating value from existing urban assets and designing the real estate of the future. Covivio works primarily with key accounts (including Suez Environnement, Thales, Dassault Systèmes, Orange, Edf, IBM and Eiffage) in the office-space market. The group is also a pioneering force in two other buoyant areas: the German residential sector, and hotels and service-sector real estate. As regards the Cœur d’Orly development, Covivio is both an investor and a developer.
- The three partners appointed architects and urban planners Devillers Associés / Brochet Lajus Pueyo to draw up the development plan for the 130-hectare project.
- Developer’s urban planner: Aéroports de Paris - François Tamisier
- Architectural and landscape coordination for tranche 1: Agence Wilmotte et Associés / TUP (Philippe Thébaud) consortium