Capelli, European property developer, and Novaxia Investissement
[1]
, the French leader in urban recycling and the leading company with a mission in the real estate sector, announces the acquisition of a surface area of 5,110 m² in Esch-sur-Alzette, the second largest city in the Grand Duchy. After deconstruction of the existing offices, the operation will enable the development of the “Terre de Sienne” program, a luxury residence of 99 apartments (from studios to 3 bedrooms) spread over a set of 6 buildings. This emblematic program is estimated at a potential turnover of 70 million euros and will be carried out without artificialization of the soil.
“We are happy to finalize today the purchase of land in Esch-sur-Alzette, a cosmopolitan city, both rich in its historical heritage and resolutely modern, which offers its inhabitants all the facilities and services of a European metropolis. We will thus be able to start the implementation of a major real estate program called ‘Terre de Sienne’, located near the train station, the city center and the Belval campus.”
declares
Christophe Capelli, CEO of the Capelli Group
.
After the success of the Capelli Towers in Belval, and the historic acquisition of a plot of over 21,000 m
2
in Howald City (Luxembourg-City) last May in co-promotion with Novaxia Investissement, Capelli continues to consolidate its development in the Grand Duchy. This project also demonstrates the expertise of the Capelli and Novaxia Investissement groups in terms of urban recycling and rehabilitation. The land of 5,110 m
2
will allow, after deconstruction of the existing office buildings, the construction of the “Terre de Sienne” real estate program, which will take place in a district of Esch-sur-Alzette undergoing full urban renewal.
”
Novaxia Investissement is continuing to develop its urban recycling projects in Europe. On behalf of its investor clients, Novaxia Investissement diversifies its co-promotion projects. With Capelli, we will develop nearly 100 homes. This project in Luxembourg ticks all the boxes of our ambitions, in particular with the renaturation of the soil, as provided for in one of our corporate commitments to go beyond Net Zero Artificialisation by renaturing the city.
commented Mathieu Descout, Chairman of Novaxia Investissement.
Located opposite the future sustainable and eco-responsible Lentilles Terres-Rouges district, the Terre de Sienne program projects itself into a future synonymous with a green environment, soft mobility and connectivity with other city districts. Ultimately, the program will offer 99 apartments ranging from studios to 3 bedrooms and will be extended by terraces, balconies or private gardens. To fully meet new expectations in terms of comfort and practicality, the apartments will also be equipped with accessible parking spaces in the basement.
Outside, the Terre de Sienne residence will be both facing the urban village and the heart of a green block, thus creating a place for exchanges and meetings for adults and children alike. A community room, available to all residents, was designed with this idea of sharing and conviviality in mind. The shape of the real estate complex will also allow the majority of the inhabitants to benefit from high-quality sunshine while promoting the construction of through housing.
Construction work is expected to begin in the first half of 2023.
About the CAPELLI Group
With more than 40 years of experience in the design of living spaces, the Group has focused for more than 10 years on the real estate development of housing. Active through 7 locations in Europe (Paris, Lyon, Lille, Bordeaux, Marseille, Luxembourg and Geneva), the Group addresses 4 types of clients: owner-occupiers, individual investors, institutional investors and social landlords. In addition to its housing offer (collective, residential tower, duplex villa, rehabilitation), the Group develops turnkey products such as managed residences (students, seniors, hotels, business, etc.). Its sustained historical organic growth is based on the quality of its 165 employees internalizing a great deal of know-how with land developers, design offices and internal sales forces.
The Group is managed and 73.74% owned by the Capelli family
Listed on Euronext Growth Paris – Isin code: FR0012969095 – ALCAP
Bloomberg CAPLI FP – Reuters
About NOVAXIA INVESTISSEMENT
Novaxia Investissement, a company with a mission, is a management company approved by the Autorité des Marchés Financiers. It creates real estate investment vehicles dedicated to urban recycling. It manages a range of funds on behalf of private and institutional clients. Novaxia Investissement offers three funds in urban recycling:
Novaxia R first residential and responsible fund in life insurance and dedicated to institutional investors
Novaxia NEO new model of modern SCPI with reversible real estate assets
Novaxia One eligible for the PEA/PEA-PME and the reuse of sale proceeds
Contact Capelli
CAPELLI Group
Christophe Capelli – Chairman and CEO
Rodolphe Peiron – Deputy Managing Director
Julien Buronfosse – Strategy and Financing Director
Tel: + 33 (0)4 78 47 49 29 – https://capelli-immobilier.fr
Communications Building
Investor Relations: + 33 (0) 6 31 35 99 50 – [email protected]
Press Relations: +33 (0)6 88 48 48 02 – [email protected]
Novaxia contacts
Press relations: +33 (0)6 99 60 10 25 – [email protected]
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On behalf of its Novaxia R fund
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