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Article: Auguste-Thouard concentrates on picking gems from a rockpile. (Focus) (Company Profile)
- Article from:
- Fairfield County Business Journal
- Article date:
- November 16, 1992
- Author:
CopyrightCOPYRIGHT 1992 Westfair Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SHELTON -- In the 1980s, developers created buildings, but all too often failed to create wealth. In the 1990s, the developers who will succeed must have an eye for value among the wreckage of the Fairfield County real estate market, and the creativity to renovate and market underdeveloped properties.
A leading proponent of this '90s-style development approach is the Greenwich-based Auguste-Thouard Corp., an American affiliate of Auguste-Thouard S.A., the largest real estate company in France. The company's French parent handles brokerage, appraisals, development and property management throughout the world, generating annual revenues of $100 million.
"Our ...