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	30-04-2006	30-04-2007	30-06-2008
Sales	789.7	815	790.4
EBITA	105.3	100.3	36.5
Net profit (IFRS)	61.3	65	19.5

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 50,000 investing owners, as many tenants, and a few hundreds of occupant owners. Akerys is also the first seller in France of new housing units with 5,531 units put ut for sale during fy ended June 30, 2008.

AKERYS
Tour Montparnasse - 33 Avenue du Maine 
75015 PARIS
President : François JOUVEN
Tel : + 33 (0)1 45 38 77 20 
Website : www.akerys.fr

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