Ceetrus

Ceetrus is a French real estate company and the property subsidiary of the Auchan group. Founded in 1976, it operated under the name Immochan until 2018, when it rebranded as Ceetrus to reflect a shift from a primarily commercial property business toward mixed-use real estate development. The company invests in commercial real estate and urban renewal projects with mixed uses, aiming to accelerate the transition toward resilient cities and the sustainable transformation of its sites and territories. It describes itself as operating two complementary businesses: commercial property investment and real estate development. Its stated ambition is to make real estate a lever for regenerating human and natural connections, with priorities including decarbonization, circularity, and renaturation and restoration of biodiversity on its sites. In January 2021, Ceetrus returned to its status as a commercial property company, transferring its mixed-use real estate operator functions to a new Auchan group entity, NHOOD, which now manages, operates, develops, and enhances Ceetrus assets. According to its 2018 activity report, Ceetrus hosted 10,700 merchants with total revenue of 6.3 billion euros, and acquired or built 135,000 m² of shopping centers, 89,000 m² of offices, and 39,000 m² of housing. In 2018 its portfolio was valued at just over 8 billion euros, making it the third-largest property company in France behind Unibail-Rodamco and Klépierre. The company has faced legal disputes, including a condemnation by the Paris commercial court to pay SNCF 47 million euros for abandoning the Gare du Nord renovation project, and in February 2026 SNCF Gares & Connexions was ordered to pay Ceetrus 274 million euros for cancelling the Gare du Nord redevelopment contract, a decision SNCF announced it would appeal. Its projects have also drawn opposition from local residents, with the company sometimes seen as a symbol of land grabbing by the Mulliez family.

Ceetrus was founded in 1976 as the real estate subsidiary of the Auchan group and operated under the name Immochan until 2018. The name change to Ceetrus marked a shift from a primarily commercial property activity to that of a mixed real estate developer, as well as an operational distancing by the Auchan group, which remains the sole shareholder. However, in January 2021, Ceetrus returned to its status as a commercial property company, transferring its mixed-use real estate operator functions to a new Auchan group entity, NHOOD. NHOOD now manages, operates, develops, and enhances Ceetrus assets. According to its 2018 activity report, Ceetrus hosted 10,700 merchants with total revenue of 6.3 billion euros, and acquired or built 135,000 m² of shopping centers, 89,000 m² of offices, and 39,000 m² of housing. In 2018 its portfolio was valued at just over 8 billion euros, making it the third-largest property company in France behind Unibail-Rodamco and Klépierre. The company has faced legal disputes, including a condemnation by the Paris commercial court to pay SNCF 47 million euros for abandoning the Gare du Nord renovation project. In February 2026, SNCF Gares & Connexions was ordered to pay Ceetrus 274 million euros for cancelling the Gare du Nord redevelopment contract, a decision SNCF announced it would appeal. Its projects have also drawn opposition from local residents, with the company sometimes seen as a symbol of land grabbing by the Mulliez family, which acts through many other companies such as Decathlon. A collective of opponents organized an "Anti-Mulliez" march in May 2014 from Roubaix (headquarters of the Association familiale Mulliez) to Néchin (a Belgian commune where some Mulliez family members reside), demanding "Fields, not Auchan" and "Austerity for the Mulliez". Some of its projects have sparked opposition, notably in Gonesse (the EuropaCity project, ultimately cancelled by Emmanuel Macron's government on 7 November 2019), in Saint-Jean-de-Braye (an Oxylane project, also belonging to the Mulliez family) in Loiret, in Mont-Saint-Aignan near Rouen (the case of the Ferme des Bouillons, where Immochan had to abandon its project), in Cavaillon in Vaucluse, and in Saint-Clément-de-Rivière near Montpellier (an Oxylane project).

• 2026

  In February 2026, SNCF Gares & Connexions was ordered to pay Ceetrus 274 million euros over the Gare du Nord contract cancellation; SNCF announced an appeal.

• 2021

  In January 2021, Ceetrus returned to its status as a commercial property company, transferring mixed-use operator functions to NHOOD.

• 2019

  EuropaCity project in Gonesse cancelled by the French government on 7 November 2019.

• 2018

  Rebranded from Immochan to Ceetrus, marking a shift toward mixed-use real estate development.

• 1976

  Founded as the real estate subsidiary of the Auchan group under the name Immochan.

Real estate as a lever for regenerating human and natural connections; investing in commercial real estate and mixed-use urban renewal projects.

• Commercial property investment

  Investment in commercial real estate assets.

• Mixed-use real estate development

  Development of urban renewal projects with mixed uses.

• Gare du Nord renovation project dispute

• Opposition to development projects

Read more

1. 1Ceetrus | Accueilceetrus.com
2. 2Ceetruswikidata.org
3. 3Ceetrusfr.wikipedia.org