Fayenceries de Sarreguemines, Digoin & Vitry-le-Francois Société Anonyme (FSDV) operates as an integrated real estate company focused on commercial property development and management in France. The company engages in the full real estate value chain, including land acquisition, design, construction, site management, rental management, and workspace leasing; it manages a portfolio of 800,000 square meters across 160 sites through its foncière BMG division, develops new or requalified projects tailored to user needs; offers off-site construction via CIR PREFA, a concrete prefabrication specialist with 70 years of expertise; and provides coworking and operated office spaces under the B’CoWorker brand at 22 locations nationwide, delivering flexible, turnkey solutions emphasizing environmental performance and evolving building usages. FSDV maintains a strong territorial presence in key French regions, with flagship properties in Bordeaux (Le Spi, Le Bridge), Sophia-Antipolis (Arcole), Lille (Imaginarium), Marseille (Parc de la Renardière), Strasbourg (Le Twins), and Angers (Le Trigone), targeting enterprises and local territories. Formerly rooted in ceramics production dating back to 1790 with historical factories in Sarreguemines, Digoin, and Vitry-le-François, the company, listed on Euronext Paris under ticker FSDV (ISIN FR0000031973), completed a reverse merger with the family-owned Groupe BMG in June 2025, resulting in its relisting on July 1, 2025 with a market capitalization of €244 million, relocation of headquarters to Le Bois Montbourcher in Chambellay, Maine-et-Loire, and strategic shift to real estate industrialization.