La Poste Real Estate: New managing director

Philippe Lazare, Executive vice-president of La Poste, managing director of La Poste National Scale and Territorial development (“Grand Public et du Développement Territorial”) and chairman of La Poste Real Estate (“Poste Immo”) named Cristian Cleret as managing director of La Poste Real Estate (“Poste Immo”) from september 2007.

Poste Immo is a subsidiary company of La Poste group, dedicated to the real state business. Poste Immo was formed in 2005, when La Poste conceded 3,877 properties (buildings, offices and factorings) to this company. La Poste had registered till that moment a total of 4,577 properties.

In the practice, Post Immo allows La Poste to recuperate the VAT (Value Added Tax) of the real estate investments.