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Altareit SCA, formerly Fromageries F. Paul Renard SA, is a France-based company engaged in the residential and non-residential real estate sector. The Company was acquired on March 20, 2008 by Altarea to become the holding company of the development and diversification activities of Altarea. It disposed in 2008 of its activity related to the manufacture and distribution of cheeses and various dairy products. As of December 31, 2009, Altareit SCA operated through 282 companies engaged in real estate development, such as Cogedim, and seven specialized in the diversification activities, including Semmaris, a company that owns and manages the commercial premises of the Rungis wholesale food market, as well as Sas Salle Wagram and Sas Empire, involved in the hotel business operations, among others. Altarea holds a 99.7% stake in the Company.