Governance

Patrimoine & Commerce has opted for the legal status of SCA (a partnership limited by shares), a mode of governance which is a real vector for development of the company.The SCA facilitates implementation of the development plan by lifting the constraints of ownership control (desire for extensive opening-up of the equity). The SCA allows an absolute separation of powers between the management bodies (the Managing Partners) and the control bodies (the Supervisory Board). Patrimoine & Commerce therefore wishes to ensure the independence of the control bodies of the real estate company. Thus, 11 of the 15 members of the Supervisory Board are independent within the meaning of the MiddleNext Corporate Governance Code.

Eric Duval

Founder of Groupe Duval, Eric Duval is the initiator of the Patrimoine & Commerce project and its Managing Director. The property strategy is overseen by this recognised real estate professional. It is backed moreover by governance bodies which bring together commercial real estate players of affirmed independence. This favourable environment enables Patrimoine & Commerce to benefit from a wide network of business referrers from which many investment opportunities can be sourced.

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“With a property portfolio of 76 assets and more than 528,000 sqm of retail space, Patrimoine et Commerce is today the property real estate company in low-cost retail parks in France. “

Pauline Boucon Duval

Pauline Duval is Managing Director of the Duval Group. She is a Member of the Executive Committee. After studying management at the University Panthéon Assas (Paris II), Pauline Duval moved to the American financial capital to complete her studies at the Metropolitan College of New York where she graduated in General Management. Her training led her to become an Acquisition Analyst with an international real estate company based in New York. Back in France in 2012, she joined the family group. She became Director of Strategy in charge of the development, diversification and digitalization of the Duval Group’s activities. She initiated investments in young innovative companies, convinced that this was a solid source of growth. In 2016, she became CEO of the Group.

Supervisory Board

The supervisory board has 15 members who carry out permanent control of the management of Patrimoine & Commerce. The supervisory board assesses its quality on behalf of the shareholders, to whom it reports each year.

Aurélie Tristant

Madame Aurélie Tristant, Présidente du conseil de surveillance, 58 ans, est membre du Directoire de la Banque Privée BPE depuis mars 2018. Elle est chargée du développement de la Banque Privée BPE. Pour cela, elle a la responsabilité des Directions du Réseau, de la Gestion de Fortune & de l’Ingénierie Patrimoniale, du Développement de la Gestion Sous Mandat, du Marketing et de la Communication. Depuis le 1er août 2019, elle est également Présidente de La Banque Postale Immobilier Conseil. Cette diplômée de l’ESC Rouen (Neoma Business School) a occupé différents postes de direction en France et à New York au sein de la Banque Vernes, San Paolo puis Palatine (Groupe BPCE) ; elle était membre du Comex depuis 2011. Madame Aurélie Tristant est domiciliée au 12, rue Cambon à Paris (75001).

Camille Barrois

A graduate of ESTP and a Master of Project Management from Northwestern University in Chicago, Camille began her professional life in 2001 at the SCC (Société des Centers Commercials) as project manager on the renovation of the Evry 2 center. She joined the world of investment in 2003 at Colony Capital where she participated in the structuring, management and sale of office development projects in Ile de France. At the end of 2010, she joined Yam Invest, the investment company of the former shareholders of the developer Cogedim, and participated in the creation of the real estate investment platform REALY. Since 2015, Camille has led the asset

Axel Bernia

Axel Bernia, representative of Naxicap Partners on the supervisory board, is graduated from HEC. Axel Bernia began his career in strategy consulting at McKinsey & Co before joining SNCF in 2004 to work on launching from iDTGV. Then, he joined the Smartbox Group and became Chief Executive Officer from 2006 to 2013. He joined Naxicap Partners in 2014, as Associate Director and Member of the Management Board. He currently works with Clinique Internationale du Parc Monceau, Ecotel Chomette Favorite, Adcash, Trustteam, Maxi Bazar and France Hospitality.

Florence Habib-Deloncle

Florence Habib-Deloncle, 51 years old, holds a postgraduate degree in Banking and Finance and a master’s degree in Economic Sciences from the University of Paris I Panthéon Sorbonne. She began her career in 1997 at Arcachon Group France as an Analyst and then as a Debt Asset Manager. She then joined Unibail as Director of Investments for the “Buildings and Offices Division,” where she notably participated in the acquisition processes of individual assets, portfolios, or companies, in acquisition opportunity studies, as well as in managing due diligence and risk analyses. After several experiences in the field of investment and real estate asset management (Hammerson France, Natixis Immo Development, etc.), she became, in 2015, Director of Financial Engineering at Nexity REIM and Deputy General Manager of Harvestate Asset Management. Since 2025, she has held the position of Head of Real Estate Investments within the Investment Department of Crédit Agricole Assurances. Florence Habib-Deloncle is recognized for her expertise in structuring, financing real estate investments, negotiating acquisitions, managing real estate assets, and fundraising.

Louis-Victor Duval

Louis-Victor Duval, 31, is Deputy Managing Director of the Duval Group. He holds a Master’s degree from the Ecole Supérieure des Professions Immobilières (ESPI). He previously spent 4 years with Linkcity, setting up real estate operations, before becoming Groupe Duval’s Strategy and Development Director.

Margaux Graff

Margaux Graff, representative of Daytona Holdings on the supervisory board, has a Masters in International Business from Hult International Business School London and a Masters in Hospitality Management at Glion Institute of Higher Education. Since 2012, she is Property Asset Manager at Daytona in Luxembourg.

Hugues Grimaldi

Hugues Grimaldi, 56, with a legal background, began his career with CREDIT AGRICOLE ASSURANCES / PREDICA in 2005. He is chairman of several OPCIs and administrator in various real estate structures (representative of Prédica, Member of the Supervisory Board).

Thomas Guyot

Thomas Guyot, 47, representing Suravenir on the Supervisory Board, is a graduate of the Ecole Polytechnique. He began his career in the telecommunications sector, at Cegetel Entreprises before joining Crédit Mutuel Arkéa in 2006, as Marketing Director of Symphonis, which later merged with Fortuneo. He then took charge of balance sheet management at Crédit Mutuel Arkéa, before taking over management of the trading room in 2008. He joined Suravenir in 2012 as technical and financial director and member of the management board. In this capacity, he notably supervises the financial management of the company and its investments, as well as the

Lydia Le Clair

Lydia Le Clair, representative of the Duval Group on the audit committee, is a certified public accountant. She began her career in accounting firms, before joining the Duval Group in 1998. She is now Managing Director.

Marie Monnet

Marie Monnet, representative on the supervisory board, is graduated from EDHEC Business School and an MBA from Loyola Marymount University in Los Angeles. After a postgraduate degree in finance at the University of Paris II, Marie Monnet was, at Morgan Stanley for 5 years, Vice-president of European and American equities sales to French institutional investors. Then, at Merill Lynch, Vice-president of European equities sales for French clients for 3 years. Since 2011, she has owned and managed a hotel in Paris.

Mathieu Requillart

Mathieu Requillart, 53, has been Managing Director of Banque Populaire Val de France since January 1, 2022. After having held commercial and risk functions within the BNP group and CIC, Mathieu Réquillart joined Banque Populaire du Nord in 2006. He was appointed member of the management committee in 2009 to serve as director of credits and then director of operations. In 2017, he joined the management board of Caisse d’Epargne Bretagne Pays de Loire, successively as Regional Development Bank agent and Retail Banking agent.

Investment Committee

The investment committee is chaired by Eric Ranjard and made up of 4 members. The investment committee issues opinions on investment or disinvestment projects proposed by the management. A majority of the members take the decisions. The decisions are communicated to the supervisory board which decides on the decisions. The external members designated as members of the investment committee are appointed due to their professional experience which will bring real and recognised expertise to the investment committee.

  • Audrey Chatain, representative of the company BMR Holding
  • Alaxa Sempiana, representative of the company Suravenir
  • Hugues Grimaldi, representative of the Predica company
  • Philippe Vergely
  • Thierry Querné, representative of the company Banque Populaire Val de France
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Audit Committee

The audit commitee is mainly composed of supervisory board's members. Those members are experts in finance and management. The audit committee provides assistance and issues opinions to the supervisory board for financial and accounting matters. It also ensures respect of the procedures for in-house advice and the monitoring of risks with respect to Patrimoine & Commerce.

  • Christian Louis-Victor
  • Lydia Le Clair
  • Emmanuel Chabas
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Remuneration Committee

The remuneration committee is composed of 3 members. It issues opinions or recommendations to the supervisory board regarding the remuneration of the managers and members of the supervisory board.

  • Aurélie Tristant
  • Hugues Grimaldi

CSR Committee

The CSR committee is made up of 5 members. The CSR committee is chaired by Marie Monnet and is made up of five people from the Supervisory Board. The members of the CSR Committee are:

  • Marie Monnet
  • Margaux Graff
  • Lydia Le Clair
  • Thomas Guyot, representative of the Suravenir company

45 avenue Georges Mandel
75116 Paris

+33 (0)1 46 99 47 79