1.9 Real estate property
The total net value of property, plant and equipment belonging to the Lagardère group is €811 million, based on the gross value of land (€47 million) and buildings (€482 million). The net book value of land and buildings is €273 million, i.e., approximately 2.5% of the balance sheet total.
The Group no longer owned any investment property at 31 December 2019. In view of the nature of the Group’s business activities, the value represented by real estate property is not significant.