Alain Taravella
Taravella in 2019
Born (1948-05-24) 24 May 1948
Falaise, Calvados, France
Alma materHEC Paris
OccupationBusinessman

Alain Taravella (born 24 May 1948) is a French entrepreneur, billionaire and the co-founder, chairman and CEO of the Altarea SCA real estate group.[1]

Biography

Taravella graduated from HEC Paris in 1971. He claims to have financed his studies by carrying out real estate operations on the sale of apartments in Parly.[2]

In 1975, he joined the Brémond group, a real estate development company, where he became head of the leisure division. The group became Pierre & Vacances in 1978, a company specialized in leisure centers. Taravella became CEO in 1985.[3]

In 1994, he founded Altarea, a shopping center development company. He took advantage of the downturn in the real estate market in the early 1990s to acquire land in droves.[4] In 1999, he worked on the Bercy Village development project, which Altarea marketed.[5] The company was listed on the stock exchange in 2004 and in 2007 acquired Cogedim, a real estate developer of housing and offices.

In 2010, after selling the Saint-Georges shopping center in Toulouse to the German Commerz Real,[6] he led the acquisition of Cap 3000, one of the oldest and most important regional shopping centers in France, in Saint-Laurent-du-Var.[7] In 2011, he led the acquisition by Cogedim Altarea of the RueDuCommerce shopping site, which was finally sold to Carrefour in 2016.[8][9]

Wealth

According to Forbes, Taravella retains 45% ownership of Altarea SCA and has an estimated net worth of $2 billion, making him the 1580th richest person in the world.[10]

References

  1. ↑ "À quoi ressemblera la ville de demain?". LEFIGARO (in French). 18 October 2019. Retrieved 4 December 2021.
  2. ↑ "Alain Taravella et sa famille - Les 500 plus grandes fortunes de France". Challenges (in French). 6 July 2021. Retrieved 4 December 2021.
  3. ↑ "Alain Taravella : Co-fondateur et président-directeur général d'Altarea Cogedim". www.lsa-conso.fr. Retrieved 4 December 2021.
  4. ↑ "PORTRAIT. Alain Taravella : les intuitions d'un promoteur". L'Obs (in French). 13 November 2011. Retrieved 4 December 2021.
  5. ↑ "La renaissance du quartier Bercy". Les Echos (in French). 17 June 1999. Retrieved 4 December 2021.
  6. ↑ "Toulouse. Le centre commercial Saint-Georges change de propriétaire". ladepeche.fr (in French). Retrieved 4 December 2021.
  7. ↑ rédaction, La (19 June 2013). "Cap 3000 se déploiera sur 100.000 m² face à la mer en 2020". Nice-Matin (in French). Retrieved 4 December 2021.
  8. ↑ "Pourquoi la foncière Altarea lance une OP A sur le site RueDuCommerce". lsa-conso.fr (in French). Retrieved 4 December 2021.
  9. ↑ "Pourquoi un promoteur immobilier rachète Rueducommerce ?". www.journaldunet.com (in French). Retrieved 4 December 2021.
  10. ↑ "Alain Taravella". Forbes. Retrieved 4 December 2021.
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