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"At that time, everything was positive, and entrepreneurship was straightforward; all one needed was passion and hard work.”
In 1972, after obtaining the title of Architect DPLG and Urban Planner from IEJUC, Gérard Teychené decided to venture into business. His reputation quickly grew, and he welcomed seven new collaborators into his team.
In 1978, he became a promoter and, at the same time, a tennis builder. Despite remarkable success, Gérard Teychené decided to sell his company to invest, alongside a Spanish partner, in hotels in the Balearic Islands and Spain. Together, they became Europe's first resellers of timeshares.
From that point on, Gérard Teychené built a significant portfolio of commercial real estate, encompassing residential properties, businesses, and other commercial spaces.
Creation of CARRERE TEYCHENE in association with Jean Carrère
Creation of "Financière Teychené", holding company
The severe real estate crisis hit in 1991, but instead of retreating, Gérard Teychené decided to take a bold step forward and expand his investments on a larger scale. Making a significant pivot from being a Promoter, he transformed into an Investor.
In a daring move, he acquired all the real estate assets of the Bissy Group, which included over 1000 apartments and several thousand square meters of school buildings. Within just one year, he successfully turned around the group's deficit and set it on a new path to prosperity.
The Financière Teychené Group establishes its presence on the Champs Élysées in Paris and expands its reach across France. Gradually, the group grows to a team of about fifty employees.
The Group marks a new milestone in the company's journey with the establishment of TEYCHENE INVEST BELGIUM and the development of Belgian subsidiaries created during the year 2012.
The Group becomes a bold, thoughtful, committed, and recognized brand identity in the real estate and retail market.
The Group invests 200 million euros in commercial
real estate equally between France and Belgium.
Realization of 5 larger-scale operations: between €20m and €50m.
Vastned portfolio and C&A headquarters in Belgium, St Max
Avenue, Camp'Us and St Bonnet de Mûre in France
Cession of a 100% retail Swiss subsidiary in partnership with a Swiss group (sold in 2018).
Starting from 2020 and with the onset of the Covid-19 crisis, the group has undertaken divestments totaling 300 million euros in order to bolster its cash reserves.
Establishment of a subsidiary in the United States for initial investments in Florida, partnering with a significant American developer-investor group.
Amidst the challenges posed by the US real estate crisis, the Covid-19 pandemic, the war in Ukraine, and the resulting economic upheavals, we had to temporarily halt acquisitions and focus on maintaining our assets. However, in 2023, a new chapter begins! The Group transforms into a Belgian private foundation to ensure the future of the family business.
Gérard Teychené creates Ploutos Fondation Privée Belge, to secure the future of the family business.
With a fresh visual identity, a new website, and exciting new ventures, we are embarking on an exciting new journey.