Akerys (finance / real estate)
Date of initial investment: January 2004 (secondary LBO);
Control acquired: July 2006 (tertiary LBO)
Qualis’ stake: 42% in April 2009
| € million |
30-06-2009 |
31-12-2010 | 31-12-2011 |
|---|---|---|---|
| Sales |
594.3 |
526.0 | 430.0 |
| Current EBIT |
26.6 |
11.5 | 6.2 |
| Net profit (IFRS) |
-16.3 |
-53.4 | -1.0 |
Market position
Akerys was formed from a merger between Actif+ and IFB, and is one of France’s top three real estate developers. It leads the French rental investment market, and its strategy is to become a diversified developer, also operating in first-time-buyer homes, social housing, serviced residences and fitting. Akerys also offers real estate investment products, enabling individuals to buy an apartment to let using the Robien and Scellier tax incentives. Akerys operates at every stage of the value chain (construction, marketing, rental, management and insurance). This allows it to take an integrated approach and offer a turnkey service that meets all the requirements of both of its customer categories, i.e. investors and tenants. The company has industrialised its processes to a large extent, through constant value analyses of its four business segments.
Current position and outlook
Leader in real estatebuy-to-let investment products, Akerys has as customers 56,000 investing owners, as many tenants, and a few hundreds of occupant owners. Akerys has put ut for sale 2,969 units during fy ended June 30, 2009.
AKERYS
2 Place de l’Equerre
94150 RUNGIS
Tel : + 33 (0)1 45 38 77 20
Website : www.akerys.fr