Monte-Carlo SBM appoints Olivier Bernard to manage extensive real estate portfolio

As its portfolio of 170 exceptional properties continues to expand, Monte-Carlo SBM has created a new position, Director of Real Estate, and Olivier Bernard this week took up the important role.

The new position was created as part of the reorganisation strategy of the Monte-Carlo Société des Bains de Mer Group (SBM), implemented by President-Delegate Stéphane Valeri in January 2023.

Olivier Bernard stepped into the role on Monday 23rd October and will head a new real estate department of the group.

Working with the Eiffage Immobilier Group for 25 years, Olivier Bernard is a specialist in the development, assembly, marketing and operational management of real estate projects in France. He also has extensive experience in carrying out work internationally.

He has also joined the Executive Committee of Monte-Carlo Société des Bains de Mer.

“The development of real estate has become essential for the profitability of our group,” said Stéphane Valeri, Deputy Chairman of SBM. “Our real estate assets already consist of 170 exceptional properties: housing, villas, shops and offices. I am happy to welcome Olivier Bernard with whom we will study closely all the prospects for valuing our land for the years to come.”

Olivier Bernard is responsible for supervising the completion of all construction and rehabilitation operations for the Group’s real estate portfolio, and will participate in defining the Group’s strategy in his field. In this capacity, he will develop and manage all resulting projects, in the Principality or abroad, particularly the acquisition of the Palace des Neiges in Courchevel, which Monte-Carlo Société des Bains de Mer has just completed.

Meanwhile, Luc Leroy, who is responsible for the development project of the Café de Paris, among other major achievements, was appointed Director of Construction and Heritage Building.


SBM marks new era in business, officially purchases luxury ‘Palace des Neiges’ in Courchevel

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Photos source: SBM, compiled by Monaco Life