PRESS RELEASE – 9 March 2023
TwentyTwo Real Estate evolves business lines to support growth ambitions and meet strategic and environmental challenges
TwentyTwo Real Estate, the independent group (the “Group”) founded by Daniel Rigny in 2012, is reaffirming its positioning as a leading real estate investor-operator with a re-organisation into three distinct divisions, to better tackle market developments and strengthen its commitment to ESG.
The Investment division, under the TwentyTwo banner, brings together investment management, fund management and commercial real estate asset management activities. It includes the AMF-accredited portfolio management company, TwentyTwo Investment Management, previously Scaprim Reim, under the direct responsibility of Daniel Rigny, CEO.
The Services division, under the Scaprim banner, brings together the Group’s property services including its property management and project management activities as well as its residential asset management activities, where the Group has deep and integrated expertise.
The recently created Technologies division aims to invest in innovative companies operating at the convergence of technology and real estate. Its first operational subsidiary is Allowa, a digital marketplace for residential transactions covering acquisitions, sales and rentals.
The three divisions will continue to work together on an integrated basis. Philippe Couturier remains CEO of Scaprim and Allowa and, as Managing Director of the portfolio management company, continues to support Daniel Rigny in the Investment division.
With €4.5 billion of assets under management, TwentyTwo Real Estate has established itself in just 10 years as a major player in real estate investment and management with a track record in value creation outperformance across all asset classes.
The re-organisation will enable TwentyTwo Real Estate to accelerate the development of each business line and better respond in an evolving market on behalf of its stakeholders.
It will also allow the Group to go further in its commitment to ESG policy: each division will be better able to deploy its business plan according to its specific areas of focus and meet new requirements.
“In the context of continually evolving occupational and real estate capital markets, this re-organisation will allow us to create even more sustainable value on behalf of our clients with an integrated offer, deeper expertise and the agility to take advantage of the most attractive investment opportunities”, says Daniel Rigny.
About TwentyTwo Real Estate
TwentyTwo Real Estate is an independent real estate investment group in Europe with €4.5 billion under its management, providing institutional and private clients with an integrated range of investment and management solutions. It combines operational excellence and financial expertise to deliver high value-added real estate investment projects across all asset classes, with a commitment to social and environmental sustainability.
Press contact
Dina Sanches – Communication Manager
M + 33 (0) 6 22 59 09 19 dsanches@twentytwo.com
