Eric Duval is self-taught. From an early age, his ambition was to become an entrepreneur. In 1978, he took his first steps, in the family building business and Maisons de Bretagne, established in Rennes.
1978 > 1998
Eric Duval worked as a Breton entrepreneur involved in all phases of property operations ranging from the design office to construction site management.
In 1990, he directed its activities towards promotion, quickly specialising in commercial and business real estate. Due to the strong expansion of its activities, Éric Duval established offices in the Paris region.
In the same period, he created Imfined, a property network dedicated to property redevelopment and refinancing. In 1994, he founded the holding company Financière Duval which led to the creation of Groupe Financière Duval. He developed the range of its business lines and services.
His objective was to see each of his companies position itself among the leaders in their markets.
In 1996, he created CFA that became real estate development activities of the Duval Group, a multiproduct promoter which gradually expanded into the regions in the main property markets: retail facilities, business property, housing blocks and specialised residences, public facilities. Its know-how in mixed city-centre operations proved to be a strength for overseeing complex urban projects and Public-Private Partnerships. In synergy with the other entities of the Group, it offered its customers a turnkey service, able, from the very first steps of projects, to incorporate the entire real estate process: advice, design, construction, investment (thanks to property companies accompanying the group), operational activities and management.
As of 1998, Éric Duval expanded and diversified the Group’s activities. He thus created his project management assistance and delegated project management brand: Alamo.
1999 > 2007
In 2000, Éric Duval decided to add operational business to his real estate activities. He thus took over control of Odalys, a small, newly created structure which thus operated 8,000 beds in tourist residencies. In 2016, Odalys operated 128,000 beds in 377 residences and the brand is ranked second in the sector in France and in Europe.
In 2002, he integrated an asset management subsidiary: Irimmo, now Yxime, a property, facility and asset management specialist which currently manages 6.5m sqm with assets valued at €17bn. It is among the leaders in its sector and in particular provides assistance to large French institutional players and many foreign investors. In the same period, the Group integrated a car park management subsidiary , Park’A (sold in 2014 to Interparking).
In 2005, he created Residalya, specialised in medicalised residences for elderly people and end of life support. Residalya was sold to AVH in 2015 with a base of 2,000 beds in 27 résidences.
In 2007, he bought NGFGolf now UGolf, operating 13 golf courses. UGolf is now the leader in France with, in 2016, 50 managed courses. It has also created a commercial network, under the LeClub brand, bringing together more than 700 partner golf courses worldwide and becoming the leading global network of golf courses. UGolf has thus forged commercial agreements with other countries, providing golf enthusiasts with a panel of courses around the world.
2008 > 2016
In 2009, Éric Duval created Patrimoine & Commerce, a listed property company specialising in commercial real estate. It has become a benchmark property company in the retail park market. The equity stakes taken in it by reputed institutional players, Banque Populaire Val de France (Groupe BPCE), Predica (Crédit Agricole) and Suravenir (Crédit Mutuel) are confirmation of the performance of its economic model.
In 2012, he created Seefar with Christophe Clamageran, a structure approved by the financial regulator, AMF, specialised in third-party asset management, which in particular works for the investment firm KKR.
In 2013, he developed FedRice, a certified expert in rice transformation.
In 2015, with the subsidiary Vie Jeune, a new concept of socially responsible residences providing services for seniors was launched under the Happy Senior brand. Outside of France, he has created Pelegrina, a trading company specialised in the supply and sale of agricultural raw materials and Pan Asia Impex, a distributor to the entire European market of food products, particularly quality-certified rice.
Groupe Duval is establishing itself in Africa. From Lomé and Abidjan, it is developing in French-speaking West Africa and a part of Central Africa in real estate, drilling, transaction structuring and Public-Private Partnerships.
In 2016, Éric Duval created Eurival, an investment vehicle designed to hold a portfolio of 300,000 sqm of tertiary assets. He created Valmi with Caisse d’Epargne, an initial fund of commercial assets of EUR 100 million.
Groupe Duval leads large-scale projects, central to the concerns of the world of tomorrow. It has been built up under the impetus of entrepreneurs active in the whole of the country. Its decentralised organisation is unique in its sector. Groupe Duval is currently the French leader of golf courses, world number 1 for networked clubs, European number 2 for tourist residences, French number 3 for property management and French number 1 for low cost retail parks.
Its real estate activities include promotion (Duval Développement), project management assistance and delegated project management (Alamo), asset management (Yxime), third-party asset management (Seefar) and investment (Patrimoine & Commerce).
In operational activities, the Group works in the sectors of tourism (Odalys), sport (UGolf) and Residences with Services for Seniors (Happy Senior).
Entrepreneurship is part of its DNA and so the Group provides assistance to innovative developers and support to start-ups, forming a real Lab’.
Internationally, the Group is developing a raw materials trading business, in particular for the best qualities of rice in the world (Pelegrina Asia, Pan Asia Impex). The Group also deploys 3 strands of expertise, namely, real estate promotion, hydraulic facilities and the completion of public and private infrastructure in Africa (Pelegrina Africa).
Finally, the Group is involved in humanitarian work through charitable activities, in particular education and health.
Agility and creativity are at the heart of its values to develop projects, visions, assets and regions.
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