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ALTAREA

Diversified real estate developer transforming cities

Project Development Manager / Director

Full-Time
No salary listed
Mid
Bachelor's
Île-de-France, France
In Person
Real EstateReal Estate Development

About the job

Requirements
  • A higher-education background in engineering, business school, urban planning, or environmental law.
  • Experience managing or developing real-estate projects with a degree of autonomy.
  • Ability to interact and negotiate with demanding stakeholders, including municipalities, local authorities, and prefectures, and secure project acceptability.
  • Ability to align varied internal teams without necessarily having direct hierarchical authority.
  • Ability to explain data-center complexity to non-specialists and address environmental, social, and urban-planning concerns.
  • Ability to analyze land-use constraints, including local urban plans, easements, environmental and political issues, project acceptability, and fiber and electrical connection options.
  • Knowledge of project-development stages, including feasibility studies, obtaining authorizations, construction, and commissioning, and of urban-planning procedures.
  • Ability to connect technical, real-estate, financial, and commercial constraints in a holistic approach.
  • Ability to update and defend the business plan using inputs from all teams, including capital expenditure, operating expenditure, and revenue data.
  • Ability to present risks and opportunities and support committee decisions on spending authorizations.
  • Interest in technology assets or the data-center sector, including data-center types and location criteria such as energy, land, and connectivity.
  • Ability to identify project strengths, develop persuasive messaging, maintain a customer orientation, and translate technical issues into commercial arguments.
  • Professional English is appreciated.
Responsibilities
  • Prepare and coordinate permit and authorization applications, including building permits, environmental authorizations for classified installations, impact studies, public participation, and prefectural approval in Île-de-France, and follow them through final approval.
  • Prepare and maintain communications with elected officials, government services, and local residents, including materials, meetings, and minutes.
  • Contribute to analysis of land opportunities and capacity studies that define target data-center computing power and size connection demand, taking client requirements and site constraints into account.
  • Define with the commercial department the type and market positioning of the data center to develop.
  • Coordinate with the technical department on connection requests to RTE or Enedis through the connection agreement and track the schedule for power availability.
  • Maintain the business plan, development schedule, and budgets, and prepare materials for committee review.
  • Coordinate internal and external contributors, including engineering consultancies, advisors, and architects, and contribute to responses to tenders, questionnaires, and client data rooms.
  • Coordinate and steer the project with internal departments and external partners from project acceptability through delivery of the asset.
Desired Qualifications
  • Professional English proficiency.

About the company

Altarea is a real estate company focused on low-carbon urban transformation in France. It designs and manages a broad portfolio including retail spaces, housing, offices, and digital and energy infrastructure. Its products are built and operated as mixed-use urban projects, with active management of properties and ongoing investments in photovoltaic infrastructure and large data center campuses to support digital growth, including AI. What sets Altarea apart from competitors is its intentional diversification across three main property markets (retail, residential, and offices) combined with a strategic shift toward sustainable, low-carbon development and energy infrastructure, rather than sticking to a single asset class. Its goal is to shape resilient, sustainable cities by delivering energy-efficient buildings while expanding into high-growth sectors that support modern life and the digital economy.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Paris, France

Founded

1994

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Simplify's Take

What believers are saying

  • H1 2026 FFO rose 39.2% to €86.6 million, driven by residential recovery.
  • Altarea secured 1,883 billion euros liquidity and refinanced €275 million RCF for five years.
  • Retail leasing stayed strong in 2026, with 97.1% occupancy and rising footfall.

What critics are saying

  • Citadel launches only after end-user contracts; Vantage partnership still leaves execution hostage.
  • Primonial litigation closed August 2026 after €10 million payment and €60 million preference shares.
  • Revenue fell 9.1% in H1 2026, exposing Altarea to prolonged residential weakness.

What makes ALTAREA unique

  • Altarea controls land, permits, and financing for 400 MW Bordeaux Citadel campus, February 2026.
  • Altarea pairs French retail, housing, offices, photovoltaics, and data centers under one platform.
  • Altarea kept S&P BBB- stable in March 2026, preserving investment-grade access.

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Growth & Insights and Company News

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Altarea
Nov 17th, 2025
Altarea announces major progress in data centers at Choose France Summit

Altarea announces major progress in data centers at Choose France Summit. Paris, November 17, 2025 - Altarea takes part today in the first edition of the Choose France Summit - France Edition, which brings together French companies that have chosen to invest in the national territory and actively contribute to economic dynamism and industrial sovereignty. This event is an opportunity for the Group to reaffirm its ambition in the data center sector in France. Altarea has been active in the data center market for several years and has built a dedicated team covering all data center formats. Today, the Group's first projects are materializing in two main segments: * Colocation data centers, primarily for corporate clients: Following the commissioning of its first project in Noyal-sur-Vilaine (3 MW IT), Altarea has obtained a building permit for a second data center of 7 MW IT in Vélizy (Yvelines). In this segment, the Group is developing a pipeline of sovereign data centers, particularly in the Île-de-France region, representing a potential of more than 100 MW IT in the long term. * Hyperscale data centers, primarily for AI: Altarea is working on the redevelopment of several controlled land plots, including two for which grid connection authorizations (PTF) have been obtained, securing an electrical capacity of 520 MW. For these two projects, advanced discussions are underway with administrative and political authorities, as well as financial and commercial partners. These projects could represent several billion euros of investments to be committed over the coming years. In line with its strategy, Altarea will implement these projects once fully secured and within the framework of financial and commercial partnerships. Alain Taravella, Chairman and Founder of Altarea: "Altarea's mission has always been to meet the essential needs of the French people. Today, digital transformation is a top priority, essential to our country's competitiveness. Our understanding of territorial challenges, our ability to manage complexity and mobilize capital, enable us to develop a comprehensive range of data centers that set the standard for environmental performance." Roland Lescure, Minister of Economy, Finance and Industrial, Energy and Digital Sovereignty in France: "To support the rise of digital technology in our country, we need national operators investing in dedicated infrastructures adapted to territorial needs. I would like to congratulate Altarea for its investments in data centers and its contribution to the development of France's digital infrastructure." Anne Le Hénanff, Minister Delegate for Artificial Intelligence and Digital Affairs: "Digital sovereignty is the guiding principle of my action, and I therefore congratulate Altarea for this announcement, which contributes to it and demonstrates that we have all the assets to make France a major AI power. Data centers are the backbone of digital transformation. The AI Action Summit in Paris last February placed the development of data centers across the country at the heart of our strategy. Today, as we host the first France Edition of Choose France in Paris, these data center projects led by Altarea are a concrete realization of this strategy."

CoStar Group
Oct 3rd, 2024
Altarea completes €300 million bond issue

Altarea has placed a new bond issue with a nominal value of €300 million maturing in 7 years (October 2, 2031), with an annual coupon of 5.50%.

Finimize
Oct 1st, 2024
ALTAREA Closes €300 Million Bond Issue; Casino Plans Major Job Cuts

Real estate titan ALTAREA successfully raised €300 million ($334 million) through a bond issue, while retail giant Casino prepares for major job cuts in an upcoming strategy shift.

SolarQuarter
Jul 8th, 2024
Altarea Finalizes Acquisition of Prejeance Industrial from Repsol, Strengthening Photovoltaic Development in France

Altarea has completed the acquisition of Prejeance Industrial (PI) from the Spanish group Repsol, enhancing its photovoltaic installation development platform in France.