Henri Germain, founder of Crédit Lyonnais, creates Société Foncière Lyonnaise.
SFL owns more than 300 buildings and nearly 2,000 hectares of land in Paris, on the Côte d’Azur, in Belgium and in Italy.
Although profits are affected by the First World War, SFL finds opportunities to gradually dispose of its non-Parisian assets up to 1939.
In its centenary year, SFL has a portfolio of about 185,000 sq.m valued at roughly
1 billion francs split evenly between exclusive commercial and residential premises in prime locations.
SFL maintains its strategic focus on office and retail property, with good results. The Company chooses the new REIT (SIIC) tax status for the benefit of shareholders.
SFL enjoys strategic momentum, driven by its determined focus on the Paris prime commercial property market and its customer-centric corporate culture.
SFL’s portfolio boasts 20 prime properties located in Paris’s Central Business District (98%) and the most attractive parts of the city’s Western Crescent (2%). Representing a total surface area of 393,300 sq.m, it consists of office properties (78%) and retail units (21%). The value of the portfolio at 31 December 2019 is estimated at €7.2 billion.