CREDIT AGRICOLE SA : Crédit Agricole Immobilier announces the closing of the acquisition of Nexity Property Management and becomes the leader of Property Management in France
November 06 2024 - 12:45AM
UK Regulatory
CREDIT AGRICOLE SA : Crédit Agricole Immobilier announces the
closing of the acquisition of Nexity Property Management and
becomes the leader of Property Management in France
Press release
Montrouge, 6 November 2024
Crédit Agricole Immobilier announces the
closing of the acquisition
of Nexity Property Management
and becomes the leader of Property Management in
France
Crédit Agricole Immobilier is pleased to
announce that it has completed the acquisition of Nexity Property
Management, a Nexity subsidiary specialised in commercial and
residential asset management. With this transaction, announced on
25 July 2024, Crédit Agricole Immobilier becomes the leader in
institutional property management, in France 1.
The acquisition of Nexity Property Management
brings additional expertise to Crédit Agricole Immobilier, ranging
from advisory services to accounting and technical rental
management, supervision of works, shopping malls management
etc.
In addition, Nexity Property Management’s
powerful network of over 30 branches and offices across France,
comes as an addition to strengthens Crédit Agricole Immobilier’s
own presence. It supports Crédit Agricole Immobilier in addressing
the needs of its institutional customers, including the customers
of the Regional Banks and subsidiaries of the
Crédit Agricole Group. This increased local footprint,
will allow CAI to bring their expertise to clients’ investment
projects, in line with the Universal Customer-focused Banking Model
approach.
This new transaction, taking place 18 months
after the acquisition of Sudeco, a long-standing Property
Management player and commercial property specialist, has
established Crédit Agricole Immobilier as the market leader with
the most comprehensive range of services for institutional
customers across all asset categories, from residential to
commercial.
Overall, Crédit Agricole Immobilier now manages more than
11,000 assets.
For Nexity, this transaction is fully aligned
with the group’s roadmap, specifically with the refocusing strategy
launched in 2023.
This transaction has no significant impact on
Crédit Agricole S.A.’s CET1 ratio and should generate a
return on investment that is in line with Crédit Agricole’s
policy.
“We are so delighted and proud to welcome
the Nexity Property Management teams to Crédit Agricole Immobilier.
This acquisition represents a decisive step forward in our strategy
of becoming the leader of property management in France. We are
deepening our expertise in all areas of property management and
strengthening our presence across France. By joining forces, we are
ready to take on new challenges. This is the perfect expression of
our 2025 strategic plan, as well as the mid-term plan of
Crédit Agricole Group: it will allow us to support our
clients more extensively on strategic social and environmental
issues, such as reducing the carbon footprint of their property
assets.”
Valérie Wanquet, Chief Executive Officer
of Crédit Agricole Immobilier
“I am delighted that we have completed this
transaction with the Crédit Agricole Group, a long-term
strategic partner of the Nexity group, which is fully in line with
our efforts to refocus our activities, which we began at the end of
2023. I would like to thank all Nexity Property Management teams
and I wish them every success with their new shareholder. We are
certain that Crédit Agricole Immobilier will be able to maintain
the quality of its services and enhance its market share.”
Jean-Claude Bassien, Deputy Chief
Executive Officer of Nexity
ABOUT CRÉDIT AGRICOLE
IMMOBILIER
A subsidiary of the Crédit Agricole Group, Crédit
Agricole Immobilier supports its individual, corporate and public
authority customers with real estate projects throughout France
while upholding three fundamental principles: sustainability and
performance of buildings, respect for the environment and
decarbonisation, and social cohesion and inclusion.
As a partner in the most ambitious property development projects,
we work with our customers to create value throughout their
projects: transaction, letting, rental management, co-ownership
associations, property strategy, residential and commercial
development, refurbishment, renovation, development of spaces,
property management and operation.
To find out more, visit:
www.ca-immobilier.fr/nous-connaitre
CRÉDIT AGRICOLE IMMOBILIER PRESS
CONTACT
Vanessa Feugères – +33 (0)7 86 84 19 15 –
vanessa.feugeres@ca-immobilier.fr
NEXITY, LIFE TOGETHER
With revenues of €4.3 billion in 2023, Nexity, the leading
global real estate operator, is present all over France and
operates in all areas of development and services. Our strategy as
leading global real estate operator allows us to meet all our
clients’ needs, whether they are individuals, corporates,
institutions or authorities. Our raison d’être ‘life together’
reflects our commitment to create sustainable spaces,
neighbourhoods and towns for them, that help them to build and
rebuild connections. For the sixth consecutive year, Nexity was
ranked the top contracting authority by Association pour le
développement du Bâtiment Bas Carbone (BBCA – a French low-carbon
building association), is a member of the Bloomberg Gender Equality
Index, Best Workplaces 2021 and was certified a Great Place to
Work® in September 2022.
Nexity is listed on Service de Règlement Différé (SRD – Deferred
Settlement Service), in Compartment A of Euronext and on the SBF
120.
NEXITY PRESS CONTACTS
Cyril Rizk – Media Relations Manager / +33(0)6 73 49 72 61 –
presse@nexity.fr
Emma Durel – Media Relations Officer / +33 (0)6 99 14 09 28 –
presse@nexity.fr
Anne-Sophie Lanaute – Head of Investor Relations and Financial
Communications / +33 (0)6 58 17 24 22 -
investorrelations@nexity.fr
1 In terms of revenues, source: Xerfi.
- 2024 11 06 PR Closing CA Immobilier - Nexity PM (GB)
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