FONCIA MANAGEMENT › COMPANY
The Company
This section of the website provides you with all the necessary information regarding Foncia Management, including its profile, key figures, international footprint, subsidiaries and history.
Profile and key figures
PROFILE
Foncia Management is the European leader in the residential real estate services market, providing services to both individuals and businesses. We have recently entered the commercial real estate services segment for B2B customers. In addition, we have established ourselves as a leader for real estate services in France, Switzerland, Germany, Belgium and Luxembourg by delivering high quality, reliable and innovative products uniquely suited to the needs of our customers.
We assist our residential and commercial customers at every stage of their property journey with competitive and comprehensive service offerings. We provide end-to-end assistance, from managing individual apartments and building areas jointly owned by apartment owners through our lease management and joint property management business lines, respectively, to providing renting, brokerage and digital and ancillary services such as insurance brokerage, technical diagnostics, and distribution and energy brokerage offerings through our other business lines.
KEY FIGURES
Over
11,000
employees
in 5 countries
—
Over
600
branches
in our network
—
Over
€1bn
revenue
for the first time in 2020
—
ORGANISATION CHART
Group’s history
Foncia was incorporated in 1972 and has since expanded its business with acquisitions of real estate services businesses in France, Switzerland, Germany, Belgium and Luxembourg. We are focused on improving our technological capabilities to optimize our efficiency and overall business offering. From January 2016 to December 2020, we completed approximately 220 acquisitions, primarily within Joint Property Management and Lease Management and Renting. Our external growth strategy and the development of ancillary service offerings have been key drivers of our historical growth. The following are the key milestones in our corporate history.
December 2020
—
Acquisition of OP in Belgium and Luxembourg.
September 2020
—
Creation of Foncia’s RRES premium division, to develop its premium offer for property management activities in France.
June 2020
—
Announcement of the beginning of our digital transformation in the management of jointly-owned properties and rental management, to strengthen responsiveness, transparency and expertise in the service.
March › May 2020
—
During the first lockdown of the pandemic and while all branches were closed to the public, our teams remained available to assist customers using digital tools and ensuring business continuity.
September 2019
—
Organization of the first general meeting of joint property owners online with Fuze.
October 2018
—
Strengthening of our position in Germany with the acquisition of Bautra’s Property Management business.
October 2018
—
Acquisition of Lodgis.
September 2016
—
Acquisition of Icade Property Management, which was folded into the Esset brand in December 2019.
July 2016
—
Funds advised and managed by Partners Group, leading a consortium including Caisse de dépôt et placement du Québec and CIC Capital Corporation, signed a Share Purchase Agreement to acquire 100% of Foncia’s shares from Bridgepoint and Eurazeo. Completion of the sale took place on 7 September 2016.
August 2014
—
Acquisition of Efficity.
2013
—
Further development in Belgium with the acquisition of Trevi Group. Acquisition of Tagerim’s property administration division (representing 17 branches and approximately 500 employees).
2000 › 2006
—
International development of the Foncia group with the acquisitions of residential real estate service companies in Switzerland, Germany and Belgium.
1973 › 1993
—
Development of an advanced computerization solution for rental management and lettings and management of jointly owned properties, adapted to the expectations of local real estate agents. Launch of the first bolt-on acquisitions program aiming at expanding Foncia’s presence in France.
To access our quarterly and annual reports,
please visit the Financial publications section of this website