1.9 Real estate property
The total net value of property, plant and equipment belonging to the Lagardère Group amounted to €709 million in 2020, based primarily on the gross value of land (€47 million) and buildings (€674 million). Note that this amount also includes the value of improvements to premises leased to third parties, such as the Lagardère Travel Retail sales outlets. The net book value of land and buildings came to €359 million, or approximately 4.2% of the balance sheet total.
Among other properties, the Group owns the Lagardère SCA head office at 4, rue de Presbourg in the sixteenth arrondissement of Paris and the Hachette Livre head office in Vanves.
It also owns a number of office buildings occupied by its publishing houses in the sixth and fourteenth arrondissements of Paris and the Hachette Livre logistics hub in Maurepas near Paris. The Group no longer owns any investment properties.