Selectirente is a French real estate investment trust (Société d'Investissement Immobilier Cotée, or SIIC) that specializes in commercial real estate, specifically focusing on local retail premises and convenience stores located in city centers. Founded in 1997 and listed on Euronext Paris in 2006, the company operates with a strategy centered on acquiring, managing, and enhancing the value of retail properties in economically and demographically dynamic urban areas.
The company's business model generates revenue primarily through the collection of rental income from its extensive portfolio of commercial leases. Selectirente's geographic footprint is highly concentrated in France, with a particular emphasis on inner-city Paris, which accounts for approximately 60% to 64% of its portfolio value. The remainder of its assets are strategically located in the Paris region (Île-de-France) and the city centers of other major French metropolises.
Selectirente occupies a distinctive competitive position as the only listed real estate company in France, and one of the few in Europe, exclusively dedicated to city-center retail properties. This segment is historically defensive and resilient, supported by high occupancy rates that consistently remain above 95%. The company is structured as a partnership limited by shares (SCA) and is externally managed by Selectirente Gestion, which leverages the real estate expertise of Sofidy, a subsidiary of the Tikehau Capital group. Tikehau Capital's entry as a major shareholder in 2018 marked a strategic turning point, providing the financial backing to accelerate portfolio growth and scale operations while maintaining a disciplined investment approach.
