CBo Territoria announces the signature of a strategic partnership with Ilop Réunion on its Outdoor activities
CBo Territoria announces that it has signed an agreement with Ilop Réunion, represented by Stéphane André, aimed at the acquisition by the latter of 40% of the Group’s Outdoor activities, of which he has been Director since 2007. Stéphane André is the founder of Ilop Réunion, a company of events and communication, in charge in particular of the communication of the Grand Raid. This capital operation testifies to the confidence of the two partners in the development of the leisure activities of the CBo Territoria Group.
As a reminder, the Outdoor activities include the operation of the following three event sites:
The Bassin Bleu Country Club (BBCC) is the
one of the two 18-hole golf courses on the island renowned for its technicality. With a sports and events complex, it is located on the heights of the seaside resort of Saint-Gilles-les-Bains on the west coast
). With 600 members and a dynamic golf school, the BBCC also offers a wide variety of additional offers: professional events, seminars, aquabiking, wellness center and of course catering. Open to all, the restaurant enjoys a panoramic view between ocean and mountains. Located 5 minutes from the Route des Tamarins (4 lanes that connects the north and south of the island), the BBCC is one of the flagship event sites in Reunion. The Group is developing a 90-plot subdivision nearby offering a panoramic view of the bay of Saint-Gilles and its fabulous lagoon;
=> Stéphane André presents the Golf du Bassin bleu to you:
discover the video
Le Jardin d’Eden, Reunion’s first ethnobotanical and event garden located in the heart of the seaside resort of St-Gilles l’Ermitage
). Created in 1991 by Philippe Kauffmant, an agricultural engineer with a passion for botany, the developed park is today a lush exotic garden comprising more than 600 species. Educational place for the whole family, the Garden presents the endemic plant species of Reunion around educational trails also integrating typical animal species (chameleon, tengue, but also an educational area on beekeeping).
With nearly 30,000 visitors per year
the Garden of Eden also offers its outdoor spaces for
the organization of events
professional, cultural or family. As such, it hosted in particular in 2022 the Garden Show in partnership with the National Union of Landscaping Companies and the Union of Horticulturists and Nurserymen of Reunion, and an important event on the calendar of the riding committee, the BMW Jumping Cup. The Garden constitutes an essential component of the future tourist project of CBo Territoria developed on a building plot of 35 hectares in the immediate vicinity;
The Beauséjour Sport Club (BSC) opened its doors in 2016 on the heights of Sainte-Marie to the east of Saint-Denis
Located at the entrance to the sustainable city of Beauséjour, CBo Territoria has transformed a rainwater management constraint in a tropical environment by developing a golf practice on the city’s storm basin allowing golfers from the north of the island to practice their sport. At the heart of the mid-slopes, the BSC offers in an exceptional setting
a multitude of sporting activities
(golf practice and indoor simulator, tennis, squash, outdoor fitness),
a restaurant bar
with stunning views of the Indian Ocean which also offers
for the organization of seminars, weddings, baptisms… The site will benefit from future developments in the district with the completion of the latest housing programs (800 lots) and services.
“The Group renews its confidence in Stéphane André, who has already been in charge of the three structures for many years and is counting on his entry into the capital via his company ILOP Réunion, to contribute even more actively to the development of these activities, which in 2021 represented a turnover of 3.5 business. M€,” says Eric Wuillai, CEO of CBo Territoria.
Previously fully consolidated, the Outdoor division will be accounted for using the equity method in the accounts of June 30, 2022 with effect from June 1.
January 2022, following the sale of 40% of the shares of the three operating companies to SARL Ilop Réunion. The result of these activities, consisting mainly of revenue, payroll and operating expenses, will henceforth be presented in the line of the income statement “Results of companies accounted for using the equity method”, which will allow better readability of the results of the Land and Promotion.
Financial Calendar 2022
Turnover of 1
semester: Wednesday August 17 (after scholarship)
Results of 1
Tuesday, September 13 (after market)
– Presentation meeting: Wednesday, September 14
About CBo Territoria (FR0010193979, CBOT)
A leading real estate player in Réunion for nearly 20 years, with 4,200 residential lots including 3,300 housing units and nearly 190,000 m² developed in offices, shops and workshops, CBo Territoria has become a multi-regional development property company specializing in tertiary assets (€301 million at the end of 2021, i.e. 80% of its total portfolio). The Group, present across the entire real estate value chain (Developer, Developer and Land), continues to develop through the exploitation of its land reserves or the acquisition of land. CBo Territoria finances its development thanks in particular to its activity as a Residential Developer (collective buildings or sale of plots) and Tertiary and via the scheduled sale of its residual residential assets (valued at €43 million at the end of 2021) to the SHLMR.
CBo Territoria is a yield property company eligible for PEA PME listed on Euronext Paris (compartment C).
Responsible and committed to more sustainable real estate since its inception, CBo Territoria has been part of
6 years in the Top 10 of compartment C of the Gaïa-Index, the French benchmark index of the most virtuous small and medium caps in terms of CSR (Corporate Social Responsibility).
More information on
Caroline Clapier – Administrative and Financial Director – [email protected]
Agnès Villeret – Komodo – Tel. : 06 83 28 04 15 – [email protected]
Finance: Agnès Villeret – [email protected]
Corporate – Paris: Dina Morin – [email protected]
Reunion: Catherine Galatoire – Tel. : 06 92 65 65 79 – [email protected]
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