2007 will be marked by a dynamic of sustained growth in our different business sectors and the integration of directly complementary new areas of business, which have improved their place in the market.

We will reach a new stage in our development, still guided by our multi-disciplinary approach, qualified risk control, building on synergies between our different activities and teams.

Our regional network has been complemented in order to meet our client’s expectations and requirements.

We have a presence in all real estate markets, structured into three complimentary business sections: Development and construction / Real Estate Services / Operation: the Group offers its public and private clients a position as turnkey house.

Our dedicated hedges support the Group as long-term investor, which implies our long-term involvement with our public and private clients.

We intend to continue to develop along these same lines, combining innovation, high environmental quality and economic efficiency, innovation and quality in services.

We thank our partners for their contribution to the achievement of this objective.

 Eric Duval
Chairman