Paris, March 9, 2023
Historically focused on retail real estate, Mata Capital has observed a profound transformation of this asset class in recent years.
In particular, the emergence of leading brands that, through their close proximity to customers, superior product or service offerings, effective digital strategy, and adapted store networks, have consistently gained market share and, by resonance, boosted the value of their real estate assets.
Mata Capital has thus become convinced that operations and real estate benefit from being managed in concert. To align with this dynamic, it is launching a dedicated activity for the operational management of the retail real estate assets in its portfolio, currently valued at nearly 700 million euros.
Renaud Maret, retail expert, appointed Managing Director of the Operations entity
The new entity will be led by Renaud Maret, a retail expert with 18 years of experience in developing brands and their distribution networks, particularly in personal and home equipment.
He first served as a legal counsel, then in asset/property management, and finally as real estate director for major French retail leaders (Yves Rocher, Darty, Beaumanoir, Vivarte, Du Pareil Au Même).
Since 2016, Renaud has been a member of the Management Committee at Naturalia, Monoprix group's organic subsidiary, where he specifically managed the scope and teams of the expansion, real estate, and technical division.
A graduate of DJCE - DESS Master 2 in Business Law from Rennes 1 University, and a RICS certified Chartered Surveyor, Renaud has for many years worked closely with major real estate companies, retail players, and institutions on the development and management of store portfolios.
Since 2020, he has also served as a Director for the Institute for City and Commerce, a forward-looking think tank on the dynamics of trade, consumption, and territories.
"I am delighted and honored to join Mata Capital, whose convictions regarding retail real estate and the retail sector as a whole have been particularly strong and bold since its inception. I will leverage all my retail expertise to lead this new activity, helping to align the interests of our investors with those of the brands, and to develop the best synergies within our current and future projects," says Renaud Maret.
"It's a great opportunity for Mata Capital to benefit from the knowledge and expertise of one of France's leading retail professionals. We are convinced that, in the future, the valuation of retail real estate assets will be achieved through perfect mastery of their operations, based on a much more integrated model than what we see today. Renaud's arrival will allow us to maintain a very significant competitive advantage for our retail-focused funds," adds Jean-Baptiste Pracca, co-founder of Mata Capital.