Nexity: By acquiring a controlling stake of Angelotti group, Nexity strengthens its presence in urban planning and residential development activities in south of France
June 23 2022 - 12:30PM
Nexity: By acquiring a controlling stake of Angelotti group, Nexity
strengthens its presence in urban planning and residential
development activities in south of France
Paris, France, 23 June 2022, 18h30 CEST
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Angelotti, regional leader in residential development and
urban planning in
Occitania region (South of France)
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A common vision and culture, complementary
footprint and
activities
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Strengthened Nexity’s presence in Occitania, a highly growing
region
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Acceleration of Nexity in urban planning business to better meet
local authorities’ expectations and increase land sourcing for
development projects
-
Strong value
creation
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€150 million revenue, up +20% in 2021
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Operating margin accretion from 2023
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Strong pipeline of projects representing around 6 years of
revenue
Nexity announces the signature of an agreement
to acquire a 55% stake in the capital of the Angelotti group, the
regional leader in property development and urban planning in
Occitania in the south of France with the remaining shares being
held by the company's managers.
Founded in Beziers in 1981 by Louis-Pierre
Angelotti as a specialist in urban planning (sale of building
plots, development of new districts), the Angelotti group has
gradually added a residential development activity to its offer
since 2008. The group has established itself as a leading player in
the markets of Montpellier, Beziers, Nimes and Perpignan, regions
with significant demographic dynamism (among the highest population
growth rates in France between 2013 and 2019). Its development
continues today in the West towards Toulouse and in the East in the
PACA (Provence-Alpes-Côte d’Azur) region
The Angelotti group has over 140 employees. In
2021, it has completed nearly 1,600 reservations (approximately 900
in urban planning and 700 in development). The consolidated revenue
amounts to more than 150 million euros in 2021, up by +20% compared
to 2020. Thanks to an active land development policy, it enjoys a
significant pipeline of projects representing around 6 years of
revenue, which will be facilitated by joining forces with
Nexity.
In addition to this transaction, the Angelotti
group plans to acquire 55% of Moreau Investissement, a company
owned by Yohann Moreau, a business partner of the Angelotti group
in several projects, notably around Perpignan.
The completion of these two transactions is
subject only to the suspensive condition of authorisation by the
French Competition Authority and should be finalised in the third
quarter of 2022.
Louis-Pierre Angelotti, Chairman of the
Angelotti Group, Roch Angelotti, its Managing Director, and Yohann
Moreau, Chairman of Moreau Invest, will keep their positions and
continue to lead the development of the Angelotti Group. The
remaining shares being held by Yohann Moreau.
Véronique
Bédague, CEO of Nexity, said: "The acquisition of
the Angelotti Group is a major step forward for Nexity. This
transaction is fully in line with the Group's strategic ambition to
strengthen its urban planning offer, a business based on long-term
implementation and transformation of territories at the service of
local authorities. It will also enable Nexity to consolidate its
market share in residential development in the South of France
(Occitania and PACA – Provence-Alpes-Côte d’Azur – regions), two
areas with strong growth prospects, by relying on reputable and
well-established local players.”
Louis-Pierre Angelotti,
Chairman of the Angelotti Group, said: "Through this transaction,
the Angelotti family has chosen to back the continued development
under its brand of the Angelotti Group with Nexity, France's
leading real estate operator and the only national developer to
have had an integrated urban planning activity for several decades,
like the Angelotti Group. In addition to its own skills, the
Angelotti group will thus benefit from all of Nexity's experience
and references in the prominent areas of sustainable urban planning
and the virtuous production of housing, mainly through innovative
construction methods and the transformation of brownfield
sites.”
NEXITY, LIFE TOGETHER With
nearly 8,000 employees and €4.6 billion in revenue in 2021, Nexity
is France’s leading integrated real estate group, with a nationwide
presence and business operations in all areas of real estate
development and services. Our services platform is designed to
serve all our clients individuals, companies, institutional
investors and local authorities. Our corporate purpose ‘life
together’ expresses our commitment to create for them, sustainable
spaces, neighborhoods and cities, that make it possible to forge
and re-establish links. Nexity is notably classified for the third
year in a row, France’s number-one low-carbon project owner by
BBCA, is a member of the Bloomberg Gender-Equality Index (GEI) and
Best Workplaces 2021.Nexity is listed on the SRD, Euronext’s
Compartment A and the SBF 120.
CONTACTS
Domitille VIELLE – Head of Investor Relations /
+33 (0)6 03 86 05 02 – investorrelations@nexity.frCyril RIZK –
Press Relation Manager / +33 (0)6 73 49 72 61 –
presse@nexity.fr
GROUPE IMMOBILIER ANGELOTTI, Experienced
urban planner, Trusted developer
Groupe immobilier Angelotti, a regional urban
planner and property developer created by Mr. Louis-Pierre
Angelotti, has been building new urban and peri-urban districts
(for residential and business purposes) in South of France
(Occitania and Western PACA) for nearly 40 years, in partnership
with local authorities.As a urban planner, Groupe immobilier
Angelotti has a recognised experience in setting up and managing
complex real estate operations, particularly in the context of town
planning concessions (ZAC).It addresses each project with an
environmental perspective, the themes of which are agreed with the
local authorities at the first stage of the set-up and consultation
process.To be as close as possible to the territories, Groupe
immobilier Angelotti is organised into local operational agencies
(Béziers, Montpellier, Toulouse, Carcassonne, Perpignan, Nîmes,
Salon de Provence), which guarantees reactivity and consideration
of the specific contexts.
CONTACT
Roch ANGELOTTI – Managing Director / +33 (0)6 73
84 02 45 – roch.angelotti@angelotti.fr
- 20220623_PR_BY ACQUIRING A CONTROLLING STAKE OF ANGELOTTI
GROUP
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